DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

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• Forex – EUR/USD Up In Asian Trade
• Labor Demand Rises To Pre-Recession Monthly High In May Of 4.5 Million Advertised Vacancies
• Stock Market Summary For Wednesday, June 1, 2011
• Images At Odds
• Forex – USD/JPY Down During Asian Trade
• US Auto Sales Slow In May
• Positive Data On Sanofi’s Lyxumia
• First Industrial Mulls Equity Offer
• US Steel Opens A Rolling Mill
• ELS Shares To Fund Acquisition
• Airgas Buys Welding Biz ABCO
• Thursday’s Stocks To Watch, Jun 02
• BSD Medical, Appleton Ink Pact
• BSD Medical, Appleton Ink Pact
• Foster Wheeler Receives Contract
• Yahoo Partners With Mediatek
• Exactech Expands Spine Biz
• Forex – NZD/USD Up In Asian Trade
• The Day Ahead: US Jobless Claims, Factory Orders, Chain Store Sales, EIA Petroleum And Natural Gas Inventories
• Hot Option Plays: The Good, The Bad & The Ugly
• Celanese Increases Product Prices
• Sinopec Still Neutral
• Life Ships RNA Sequencing Kit
• AFC Enterprises Scrapes Through
• Activision’s Call Of Duty Online
• Vivus’ Qnexa Looks Promising
• Starbucks Coffee Gets Expensive
• General Dynamics’ New Ship Class
• Boeing To Cater To Chinese Demands
• Toyota Recalls Prius Globally
• Closing Bell Market Monitor: GM, DG, TVLT
• Forex – EUR/USD Down At The End Of U.S. Session
• SKM To Split Platform Operations
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Morgan Stanley Upped To Neutral
• Arch Coal Offers Shares
• Courts Don’t Resist Massey Buyout
• Forex – EUR/USD Down Toward The End Of U.S. Session
• Preparing For The Next Black Swan
• U.S. Markets Close Lower; Dow Jones Down 2.23%
• Invisalign Now In China
• Genomic Stays Neutral
• Alliant’s New Warning System
• OI Buys Remaining Comercio Stake
• Forex – GBP/USD Down During The U.S. Session
• JEC Acquires Stake In Indian Co.
• Risk-Reward Balanced At Sunoco
• 3M Invests In German Co.
• Hot Option Plays: Technicians See Hanging Man
• McDermott Unit Gets Pemex Gig
• SIRIUS XM To Outperform
• Forex – USD/CAD Up In U.S. Trade
• 06/01 FX Options Report
• Forex – EUR/USD Down In U.S. Trading Hours
• EU Looking At “Voluntary Roll Over” As Option To Skirt Greek Default Event
• Wednesdays With Wyckoff: Stock Breaking Through Resistance

Forex – EUR/USD Up In Asian Trade Posted: 01 Jun 2011 05:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4342, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4258, Monday&rsquo;s low, and resistance at 1.4459, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8780 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Labor Demand Rises To Pre-Recession Monthly High In May Of 4.5 Million Advertised Vacancies Posted: 01 Jun 2011 04:57 PM PDT “Online advertised vacancies were up 148,800 in May to 4,471,200 according to The Conference Board Help Wanted OnLine Data Series released today. The May increase follows a decline of 124,000 in April and a gain of 198,000 in March (see chart above). In April 2011 (the latest unemployment data), there were just over 3 (3.18) unemployed for every advertised vacancy, in contrast to the 1.5 unemployed for every vacancy in April 2007. Labor demand is still uneven across occupations. Although … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, June 1, 2011 Posted: 01 Jun 2011 04:53 PM PDT Stock Market Direction Outlook: Short Term: Bearish Long Term: Bullish Focus List: Our long term ratings in Apple Inc. (symbol: AAPL) and priceline.com Incorporated (symbol: PCLN) changed from ‘bullish’ to ‘bearish’. 2 out of the 10 stocks on our focus list are rated bullish in the short term. The same as yesterday. 3 out of the 10 stocks on our stock focus list are rated bullish in the long term. Yesterday 5 stocks on our focus list were rated bullish in the long term. Click here to see our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Images At Odds Posted: 01 Jun 2011 04:35 PM PDT An article at the Cleveland Federal Reserve Bank’s website, “Wages, Expectations, and Prospects for Inflation” (hat tip The Atlantic), includes a compelling graphic, “Expected Change in Family Income.” It charts the median answer to a question, “By about what percent do you expect your (family) income to increase during the next 12 months?” asked each month by the University of Michigan in its Survey of Consumers. Although it doesn’t seem to be the author’s intention, the image of a relentless … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 01 Jun 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.95, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 80.68, today&rsquo;s low, and resistance at 81.77, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.06% to hit 1.4337 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Auto Sales Slow In May Posted: 01 Jun 2011 03:57 PM PDT 06/01/11 Automakers posted mostly weaker results in May. Sales for GM, Ford and Toyota declined, while Chrysler sales rose in the latest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Data On Sanofi’s Lyxumia Posted: 01 Jun 2011 03:55 PM PDT Sanofi-Aventis (NYSE:SNY) recently presented positive phase III data on its type II diabetes candidate, Lyxumia (lixisenatide) from the GetGoal-L study. Results from the randomized (double-blind), placebo-controlled study showed that treatment with Lyxumia, when added to basal insulin, resulted in a significant reduction in HbA1c levels compared to placebo. The reduction in HbA1c levels was achieved without a major increase in the risk of hypoglycemia. Moreover, patients in the Lyxumia arm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Industrial Mulls Equity Offer Posted: 01 Jun 2011 03:55 PM PDT First Industrial Realty Trust, Inc. (NYSE:FR), a real estate investment trust (REIT), has recently announced its plans to offer 8.4 million common shares. UBS Securities LLC, an indirect wholly-owned subsidiary of UBS AG (NYSE:UBS) is acting as the sole book-running manager for the offering. First Industrial intends to utilize the proceeds from the secondary offering to repay its debt. The latest equity offer is part of the long-term strategy of the company to de-lever its balance sheet and increase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Steel Opens A Rolling Mill Posted: 01 Jun 2011 03:55 PM PDT The Serbian unit of United States Steel Corp. (NYSE:X) launched a new roll servicing facility at its cold rolling mill in Smederevo, worth more than $5.0 million. The Serbian Roll Service Company is part of a joint venture with Canadian Court Holdings Ltd. The joint venture will provide services to other companies as well and currently employs six people, who are performing chrome plating and roll grinding for the needs of U.S. Steel. Recently, the company reported its first quarter 2011 net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ELS Shares To Fund Acquisition Posted: 01 Jun 2011 03:55 PM PDT Equity LifeStyle Properties, Inc. (NYSE:ELS), a real estate investment trust (REIT) that owns and operates lifestyle-oriented properties, has recently announced a public offering of approximately 5.3 million shares to fund a part of its property acquisition worth $1.43 billion. The company has also decided to grant the underwriters an option to purchase an additional 0.8 million shares to cover any over-allotments. The Goldman Sachs Group, Inc. (NYSE:GS), a full-service global investment banking and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Airgas Buys Welding Biz ABCO Posted: 01 Jun 2011 03:55 PM PDT Airgas Inc. (NYSE:ARG) concluded the acquisition of Waterford, Connecticut-based ABCO Gases, Welding and Industrial Supply Company Inc. ABCO serves medical and industrial customers with high-purity gases, liquid gases, specialty gas mixes, protocol gases, as well as industrial welding and cutting equipment, and automated and robotic welding solutions. ABCO has its retail stores, a fill plant and an equipment service center at twelve locations across England, including, Connecticut, Massachusetts, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thursday’s Stocks To Watch, Jun 02 Posted: 01 Jun 2011 03:42 PM PDT   ( click to enlarge ) Today Netflix, Inc. (NASDAQ:NFLX) shares made a new all time high of 273.64, but closed down $3.54 at 267.26. Currently on the daily chart the RSI and Full Stochastics are showing overbought. We are now due for a pullback. Support lies at 264.40 yesterday’s low then 254.98.    ( click to enlarge ) Applied Materials, Inc. (NASDAQ:AMAT) – Looking at the chart, we can see that the trend is clearly downwards. The MACD is also painting a negative picture with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BSD Medical, Appleton Ink Pact Posted: 01 Jun 2011 03:35 PM PDT Cancer treatment systems maker BSD Medical Corp (NASDAQ:BSDM) has landed a distribution deal with Appleton Medical Services Inc. for its MicroThermX Microwave Ablation system for soft tissue ablation (destruction). Appletonis a leading distributor of minimally-invasive surgical products with a rich history of selling specialty surgical devices made by some of the major medical companies in the U.S. It has a dedicated sales force specialized in marketing a select range of surgical products for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BSD Medical, Appleton Ink Pact Posted: 01 Jun 2011 03:35 PM PDT Cancer treatment systems maker BSD Medical Corp (NASDAQ:BSDM) has landed a distribution deal with Appleton Medical Services Inc. for its MicroThermX Microwave Ablation system for soft tissue ablation (destruction). Appletonis a leading distributor of minimally-invasive surgical products with a rich history of selling specialty surgical devices made by some of the major medical companies in the U.S. It has a dedicated sales force specialized in marketing a select range of surgical products for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Foster Wheeler Receives Contract Posted: 01 Jun 2011 03:35 PM PDT Global Power Group, a subsidiary of Foster Wheeler AG (NASDAQ:FWLT), received a limited notice to proceed (LNTP) from Hyundai Engineering and Construction. The notice is for the design and supply of four supercritical circulating fluidized-bed (CFB) steam generators for the Samcheok Green Power project. The project is owned by Korea Southern Power Co., Ltd. (KOSPO). The terms of agreement were not disclosed. The company will record the value of the LNTP in its second-quarter 2011 bookings. The full … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yahoo Partners With Mediatek Posted: 01 Jun 2011 03:35 PM PDT Taiwanese chipmaker Mediatek has agreed to embed Yahoo Inc (NASDAQ:YHOO) services within its chips, as both companies try to grab a share of the smartphone opportunity. Strictly speaking, Mediatek does not cater to the smartphone segment (its chips are mostly used in lower-end phones that are sold in emerging countries). However, Mediatek has developed the Maui Runtime Environment("MRE") software, which closes this gap by allowing regular phones to download and run applications in a manner … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exactech Expands Spine Biz Posted: 01 Jun 2011 03:35 PM PDT Exactech (NASDAQ:EXAC), which develops and markets orthopedic implant devices, recently expanded its spine franchise with the launch of the Proliant polyaxial pedicle screw system for orthopedic and neurosurgeons. The Proliant polyaxial pedicle screw system represents the first internally-developed spinal system by Exactech. It has been geared to provide secure fixation of the thoracolumbar spine and offer surgeons a simple, faster and easy-to-use posterior lumbar fixation system. The Proliant … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade Posted: 01 Jun 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.8152, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.8070, Friday&rsquo;s low, and resistance at 0.8264, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.02% to hit 1.3022 and EUR/NZD falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Jobless Claims, Factory Orders, Chain Store Sales, EIA Petroleum And Natural Gas Inventories Posted: 01 Jun 2011 10:20 AM PDT 06/01/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: The Good, The Bad & The Ugly Posted: 01 Jun 2011 03:17 PM PDT Cusick’s Corner To say that this was an ugly close is an understatement. Now here’s the good and the bad. The good is that the day is over (especially if you were long). The bad is that the market was down (300 on the Dow). This was a solid distribution day with a close below the lows of yesterday and volume to boot. This move caught most traders and investors off guard and the Claims data out tomorrow might only amplify the downside push. The Flight to Safety trade was in full bloom — … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Celanese Increases Product Prices Posted: 01 Jun 2011 03:10 PM PDT Effective July 1, 2011, specialty material company Celanese Corp. (NYSE:CE) will increase the prices of all emulsions sold in Europe, the Middle East and Africa by € 90/t. This price increase includes all emulsions and affects applications including, but not limited to, adhesives, paint and coatings, building and construction, nonwovens, glass fiber, carpet and textiles. A few days back, Celanese also announced to increase the prices of all emulsions sold in the Americas, effective June 15, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sinopec Still Neutral Posted: 01 Jun 2011 03:05 PM PDT We are maintaining our long-term Neutral rating on China Petroleum & Chemical Corporation (NYSE:SNP) or Sinopec. Though the uptrend in production and sales inspire optimism on the company, weak upstream activities and global economic volatility pose as dampeners. Sinopec performed impressively in the first quarter of 2011, with earnings per share going up 26% year over year to 0.236 yuan or $3.59 per ADS. Net income also improved 25.2% from the prior-year level to 20.6 billion yuan or $3.133 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Life Ships RNA Sequencing Kit Posted: 01 Jun 2011 03:05 PM PDT Recently, Life Technologies (LIFE) began the shipment of Ion Total RNA Seq Kit for its Ion Personal Genome Machine (PGM) sequencer. Significantly, the Ion PGM sequencer will help scientists to get accurate and complete data compared to microarrays for transcript expression analysis. Life's Genetic Systems division includes sequencing systems and reagents, including capillary electrophoresis (CE) and the SOLiD system, as well as reagent kits developed specifically for applied markets, such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AFC Enterprises Scrapes Through Posted: 01 Jun 2011 03:05 PM PDT AFC Enterprises Inc. (NASDAQ:AFCE) posted first quarter 2011 earnings of 27 cents per share, which surpassed the Zacks Consensus Estimate by a penny and improved from 23 cents earned a year ago. On a GAAP basis, earnings were 28 versus 23 cents in the year-ago quarter. The earnings results were driven by positive same-store sales and lower interest expense. Moreover, the company has four strategic plans in place. These include developing the Popeye's brand, offering more value services to guests … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Activision’s Call Of Duty Online Posted: 01 Jun 2011 03:05 PM PDT Video game developer, Activision Blizzard Inc. (NASDAQ:ATVI), recently announced that it will launch an online version of Call of Duty. Activision will launch the online version known as Call of Duty Elite simultaneously with Call of Duty: Modern Warfare 3, which is scheduled to release on November 8, 2011. Developed by Activision's new Beachhead studio, Call of Duty Elite will be available on personal computers, smartphones and consoles. Gamers can play a free version of Call of Duty Elite, where … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vivus’ Qnexa Looks Promising Posted: 01 Jun 2011 02:26 PM PDT Vivus Inc. (NASDAQ:VVUS) recently presented multiple abstracts at the European Congress on Obesity. The presentations were related to studies (CONQUER and SEQUEL) on the company's type II diabetes candidate — Qnexa. The CONQUER trial enrolled 2,487 patients on type II diabetes, and demonstrated reductions in progression of type II diabetes and improvement in glycemic status among patients who were dosed with Qnexa compared with those on placebo. Of the 2,487 patients in the study, 1,119 were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Coffee Gets Expensive Posted: 01 Jun 2011 02:26 PM PDT Starbucks Corp. (NASDAQ:SBUX) replicated many coffee retailers by increasing the price of packaged coffee to combat the record 125 per cent steep climb in Arabica coffee prices. Starbucks recently raised its prices and announced a 17 per cent hike in the price of its packaged coffee. Analysts feel that among several factors that led to this abnormal hike in Arabica coffee futures the most important was a rush from coffee roasters such as Starbucks to hedge as much of its price exposure as possible. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Dynamics’ New Ship Class Posted: 01 Jun 2011 02:26 PM PDT A Marine Systems group shipyard of General Dynamics Corporation (NYSE:GD) has received a $744 million modification contract for its Mobile Landing Platform (MLP) from the U.S. Navy. Under the contract, NASSCO, one of the three shipyards in the group, will construct the first two ships of the new ship class. However, the contract includes an option for the construction of a third MLP which, if exercised, will increase the total contract value to approximately $1.3 billion. Construction of the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing To Cater To Chinese Demands Posted: 01 Jun 2011 02:01 PM PDT Aerospace and defense giant The Boeing Company (NYSE:BA) announced that it has inked a deal with China Southern Airlines, one of China’s major air carriers, to supply six Boeing 777 freighters. The six aircraft, to be delivered between 2013 and 2015, carry a listed price of $1.58 billion. China Southern Airlines will fund the purchase from bank loans and operating fund. Launched in 2005, the B777F is the world’s longest-range twin-engine freighter, according to Boeing. It has a revenue payload … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Recalls Prius Globally Posted: 01 Jun 2011 02:01 PM PDT Toyota Motor Corp. (NYSE:TM) announced that it would recall 105,784 units of its first generation Prius cars, launched in 1997, due to a defect with their steering and gearbox. The recall would affect 47,784 vehicles in Japan, 52,000 in the U.S. and the rest in U.K. and Germany. Last month, the automaker added a new model to its Prius lineup, Prius Alpha. Prius Alpha will be sold in both 5-seater, known as Prius V, and 7-seater version, known as Prius +. Prius V, priced at ¥2.35 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: GM, DG, TVLT Posted: 01 Jun 2011 02:00 PM PDT 06/01/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 01 Jun 2011 01:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4333, down 0.44% at time of writing.<br/><br/> The pair was likely to find support at 1.4130, Friday&rsquo;s low, and resistance at 1.4459, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SKM To Split Platform Operations Posted: 01 Jun 2011 01:40 PM PDT The South Korean telecom giant SK Telecom Corp Ltd (NYSE:SKM) revealed its plan to spin off its platform business unit, which includes mobile content and applications. SK Telecom will split the unit on October 1, pending approval from its board members, and will create a separate entity, which will be its wholly owned company. The platform business provides services including video phone calls, mobile advertisements and other content for devices such as smartphones, tablets and televisions. Thus, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 01 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> USD/JPY was trading at 80.95, down 0.71% at time of writing.<br/><br/> The pair was likely to find support at 80.68, today&rsquo;s low, and resistance at 81.77, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley Upped To Neutral Posted: 01 Jun 2011 01:35 PM PDT We are upgrading our recommendation on Morgan Stanley (NYSE:MS) to Neutral on strong first quarter results, capital flexibility to pursue growth initiatives, stable credit spreads and strong trading activities. Earnings for the quarter came in substantially ahead of estimates, aided by strong investment banking performance. Adjusted earnings from continuing operations came in at 46 cents per share, up from the Zacks Consensus Estimate of 35 cents. This represents Morgan Stanley's seventh … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Arch Coal Offers Shares Posted: 01 Jun 2011 01:35 PM PDT Coal producer Arch Coal Inc. (NYSE:ACI) announced that it will issue 44.0 million shares pursuant to an automatic shelf registration statement previously filed with the Securities and Exchange Commission. Arch Coal intends to utilize the net proceeds from the equity offering for funding its acquisition of International Coal Group Inc. (NYSE:ICO) and related transactions, including the redemption, payment of cash resulting from conversion of, or retirement of certain outstanding International Coal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Courts Don’t Resist Massey Buyout Posted: 01 Jun 2011 01:35 PM PDT The West Virginia Supreme Court and the Delaware Court of Chancery, yesterday, gave their judgment for the petition filed by a group of investors persuading the courts to issue an injunction barring shareholders from voting for the proposed merger between Massey Energy Company (NYSE:MEE) and Alpha Natural Resources Inc. (NYSE:ANR). Three institutional investors of Massey had filed separately with the West Virginia and Delaware courts to halt the June 1 voting for the $7.1 billion merger stating that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 01 Jun 2011 01:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4331, down 0.46% at time of writing.<br/><br/> The pair was likely to find support at 1.4130, Friday&rsquo;s low, and resistance at 1.4459, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Preparing For The Next Black Swan Posted: 01 Jun 2011 01:17 PM PDT Kevin Depew, editor of Minyanville posted an interesting article today at:    http://www.minyanville.com/businessmarkets/articles/collapse-financial-collapse-economic-collapse-depression/6/1/2011/id/34883 And we at SmartStops ask the same question – have people become immune to all the potential downfalls awaiting them?  Is that what causes them to try to ignore the risk around them?  As if they don't acknowledge it , it doesn't … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.23% Posted: 01 Jun 2011 01:10 PM PDT Forex Pros – U.S. stocks were down after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 2.23%, the S&P 500 index shed 2.28%, while the Nasdaq 100 index declined 2.11%.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 38K last month, from 177K in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Invisalign Now In China Posted: 01 Jun 2011 12:55 PM PDT Recently, Align Technology (NASDAQ:ALGN) launched its Invisalign system in China. The company is training orthodontists in the cities of Shanghai, Beijing, Shenzhen, and Guangzhou. Align has been focusing on the international arena over the past few quarters. Earlier, in October 2010, the company had received approval from the Chinese State Food and Drug Administration (SFDA) to market the Invisalign system as a Class II medical device to treat malocclusion. This is a significant achievement for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Genomic Stays Neutral Posted: 01 Jun 2011 12:55 PM PDT Recently, we reiterated our Neutral recommendation on Genomic Health (NASDAQ:GHDX) with a target price of $27.00. Genomic Health reported loss per share of 1 cent in the first quarter of fiscal 2011 compared with a loss of 7 cents in the year-ago period driven by higher revenues. According to the Zacks Consensus Estimate, the company was expected to report an EPS of $0.01 during the reported quarter. Total revenue in the reported quarter climbed 20.8% year over year to $49.8 million, marginally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alliant’s New Warning System Posted: 01 Jun 2011 12:55 PM PDT Alliant Techsystems Inc. (NYSE:ATK) said it has introduced the recently developed Hostile Fire Indication (HFI) capability upgrade for its AAR-47 Missile Warning System with approval from the Department of the Navy for Fleet introduction. The AAR-47 missiles have already proven their capability of detecting incoming missile threats over the years. Alliant's AAR-47 Missile Warning System is a combat-proven electronic warfare system designed to protect helicopters and fixed-wing aircraft from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

OI Buys Remaining Comercio Stake Posted: 01 Jun 2011 12:55 PM PDT Owens-Illinois Inc. (NYSE:OI) increased it ambit in Brazil, South America's largest economy and container market, with the acquisition of the remaining 21% interest in its southern Brazil glass container company, Owens-Illinois do Brasil Industria e Comercio SA (Comercio), from Monteiro Aranha SA for approximately $140 million in cash. The acquisition will give Owens-Illinois 100% ownership in Comercio and the transaction is expected to be accretive to 2011 earnings. Comercio’s operations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 01 Jun 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> GBP/USD was trading at 1.6342, down 0.65% at time of writing.<br/><br/> The pair was likely to find support at 1.6336, today&rsquo;s low, and resistance at 1.6547, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JEC Acquires Stake In Indian Co. Posted: 01 Jun 2011 12:35 PM PDT Jacobs Engineering Group Inc. (NYSE:JEC) recently acquired a majority stake in Indian-based company Consulting Engineering Services Private Limited (CES). Employing more than 2,000 people, CES provides a range of solutions in infrastructure development, planning, engineering, and construction management. The addition of CES will double Jacobs' existing resources in India to more than 4,500 employees along with expanding footprint in Asia and the Middle East. Jacobs has been operating in India … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Reward Balanced At Sunoco Posted: 01 Jun 2011 12:35 PM PDT We are maintaining our ‘Neutral’ recommendation on pipeline operator Sunoco Logistics Partners L.P. (NYSE:SXL) with a price target of $88. Philadelphia-based Sunoco Logistics is a master limited partnership (MLP) that acquires, owns and operates a geographically diverse portfolio of refined product as well as crude oil pipelines and terminal facilities. Its facilities are located in 17 states in the Northeast, Midwest, Southeast and Southwest of the country. As of December 31, 2010, Sunoco, Inc. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

3M Invests In German Co. Posted: 01 Jun 2011 12:35 PM PDT 3M Company (NYSE:MMM) invested in a Berlin, Germany based innovative eReading technology company, txtr GmbH. The investment was made by the company through its 3M New Ventures and 3M Electro & Communications Business. The terms of the transaction were not disclosed. With the development of eReading techniques, people will be able to access documents and books wherever they are. 3M innovated a number of technologies for vertical markets such as the educational sector, the library business and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Technicians See Hanging Man Posted: 01 Jun 2011 12:17 PM PDT Cusick’s Corner This is not a healthy move in the market today — the S&Ps broke Tuesday’s lows. Technicians called yesterday’s move a “hanging man” which is a confirmed bearish bar when the market the next day slices through the low of the previous day. The ISM could be the catalyst, showing a steep month-over-month contraction in manufacturing and now close to levels that move from a number expressing expansion, above 50%, to contraction, below 50%. We will be watching the After Hours to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDermott Unit Gets Pemex Gig Posted: 01 Jun 2011 12:10 PM PDT Energy-focused engineering and construction firm McDermott International (NYSE:MDR) announced that one of its units has received a pipeline contract from Mexico's state oil monopoly Petroleos Mexicanos, or Pemex. The deal, valued at $50 million, calls for McDermott to procure, build and install three oil and gas pipelines in the Bay of Campeche. Sitting in approximately 170 feet of water, the field development project will join the Kambesah Wells Recoverer Structure to Kutz TA and Ixtoc-A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SIRIUS XM To Outperform Posted: 01 Jun 2011 12:10 PM PDT We upgrade our recommendation on SIRIUS XM Radio Inc. (NASDAQ:SIRI) to Outperform based on better business visibility of the company. SIRIUS XM was able to turn around in 2010 after facing a bankruptcy threat in the recessionary period of 2009. An improving U.S. auto sector and a rise in consumer spending will sustain SIRIUS XM's near-term growth. Management maintained its full-year 2011 revenue target while raising its free cash flow estimate. We believe upcoming SIRIUS XM 2.0 product will help … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 01 Jun 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> USD/CAD was trading at 0.9747, up 0.65% at time of writing.<br/><br/> The pair was likely to find support at 0.9656, Tuesday&rsquo;s low, and resistance at 0.9797, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

06/01 FX Options Report Posted: 01 Jun 2011 11:56 AM PDT US stocks slid on weak economic data. The USD hit record lows against the Swiss franc, while the EUR was supported by rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours Posted: 01 Jun 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4382, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4130, Friday&rsquo;s low, and resistance at 1.4459, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EU Looking At “Voluntary Roll Over” As Option To Skirt Greek Default Event Posted: 01 Jun 2011 11:33 AM PDT The newest idea in regards to how to handle the Greek sovereign debt situation is to try and persuade Greek creditors to agree to roll over their debt – reinvest maturing bonds – which would help ease the amount that Greece needs to find in order to finance its deficit spending. As Bloomberg reports: "European Central Bank policy makers are considering options encouraging bondholders to roll over Greek debt as part of a solution to the fiscal crisis, said two officials familiar with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesdays With Wyckoff: Stock Breaking Through Resistance Posted: 01 Jun 2011 11:19 AM PDT I wanted to start a new series of educational posts entitled "Wednesdays with Wyckoff," in which I will take a quote from the writings of Richard Wyckoff (of the early 1900s) and apply the lesson or idea with an example from today's markets. Wyckoff was one of the early fathers of Technical Analysis, and contributed much through his explanations on how supply and demand interact in the marketplace. Today's quote comes from his work Studies in Tape Reading (pgs. 87 and 91) which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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