DailyMarkets.com - Forex – USD/CAD Down In U.S. Trade

---

• Forex – USD/CAD Down In U.S. Trade
• Toyota Now Recalls Its SUVs
• HP Shifts Focus To China
• Gilead /JNJ To Make HIV Combo Drug
• Illumina’s Genome Network Expands
• Forex – EUR/USD Up In U.S. Trading Hours
• UDR Adds Asset At Record Price
• BofA Settlement To Hurt Q2
• Wireless Dividend For Vodafone
• Avalonbay Buys Rockville Townhomes
• Bristol-Myers Expands HIV Drug’s Reach
• Forex Trading: EUR/USD Reaches Up To Triangle Upper Border
• Hot Option Plays: Window Dressing
• Forex – AUD/USD Up In U.S. Trade
• Twin Purchases By Sunoco Logistics
• CACI International Revises Outlook
• Air Force Contract For Northrop
• CONSOL Closes Uncompetitive Mine
• Lawson Okays GGC Merger
• COP To Divest East Boston Terminal
• New Milestone For “New Age Of Energy Abundance”
• Forex – NZD/USD Up During The U.S. Session
• “Paying Attention To…earnings, Payrolls”
• AT&T To Offer Zynga Games
• Constellation Shines In 1Q
• Schlumberger To Take Over Framo
• Tanger Issues Public Offering
• JPMorgan-SEC Settlement Approved
• Peabody Acquires Australian Mine
• Forex Trading: USDJPY Continues The “ups And Downs” As The Months Narrow Range Prevails
• Puts In Demand At Dendreon
• Euro Rise Continues On Greece
• Forex – GBP/USD Up In U.S. Trade
• European Markets Close Higher; Dax Up 1.13%
• Russian Central Bank Holds Refinancing Rate At 8.25%
• Taiwan Central Bank Raises Discount Rate 12.5bps To 1.875%
• Google Ramps Up Social Networking Efforts
• Tower Resources Cheered By Updated Assessment Of Namibia Acreage

Forex – USD/CAD Down In U.S. Trade Posted: 30 Jun 2011 12:10 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> USD/CAD was trading at 0.9644, down 0.53% at time of writing.<br/><br/> The pair was likely to find support at 0.9625, today&rsquo;s low, and resistance at 0.9913, Monday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Now Recalls Its SUVs Posted: 30 Jun 2011 12:05 PM PDT Toyota Motor Corp. (NYSE:TM) announced that it would recall 82,200 units of its sports utility vehicle (SUV) hybrids due to malfunctioning of their computer boards. The recall would involve 45,500 units of Highlander and 36,700 units of Lexus Rx 400h from the 2006 and 2007 model years that are sold only in the U.S. Toyota revealed that certain transistors in hybrids could be damaged due to heat generated on massive current flow during high-load driving. The fault has been caused by inadequate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP Shifts Focus To China Posted: 30 Jun 2011 12:05 PM PDT The largest PC maker Hewlett-Packard Company (NYSE:HPQ) recently announced its expansion plans for China. The tech major announced a series of new initiatives which may be expected to strengthen its presence in China. Moreover, the investment is expected to deliver a seamless and secure solution for the connected world. The company is planning to make investments in cloud computing, systems research and development, technology infrastructure transformation projects and social media platforms, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gilead /JNJ To Make HIV Combo Drug Posted: 30 Jun 2011 12:05 PM PDT Gilead Sciences, Inc.'s (NASDAQ:GILD) strong HIV franchise received yet another shot in the arm with the announcement of a license agreement with Tibotec Pharmaceuticals, a division of Johnson & Johnson (NYSE:JNJ), to develop and commercialize a new fixed dose combination HIV drug. The combination drug will bring together Gilead's pipeline candidate cobicistat and Tibotec’s protease inhibitor Prezista (darunavir). Cobicistat is being developed by Gilead in late stage trials as a booster for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Illumina’s Genome Network Expands Posted: 30 Jun 2011 12:05 PM PDT Recently, Illumina (NASDAQ:ILMN) announced that the University of Washington's Department of Genome Sciences has joined the Illumina Genome Network (IGN). This Network exists to carry out partnership program on a global basis. It helps link researchers seeking large-scale whole human genome sequencing services with leading institutions using Illumina's sequencing technology. With HiSeq sequencing system technology gaining strength, Illumina recently reduced the price for sequencing whole human … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours Posted: 30 Jun 2011 11:45 AM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> EUR/USD was trading at 1.4521, up 0.59% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4538, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UDR Adds Asset At Record Price Posted: 30 Jun 2011 11:35 AM PDT UDR Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently acquired a luxury condo-turned-rental project in Washington DC, for $104 million or $670 per square foot – the highest price per square foot ever paid for a Class A rental property in the region. The 185-unit apartment complex called 'View 14' was purchased from Level 2 Development, LLC – a local real estate firm specializing in the construction of luxury residential and mixed-use projects. 'View … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Settlement To Hurt Q2 Posted: 30 Jun 2011 11:35 AM PDT Bank of America Corp. (NYSE:BAC) has finally reached an agreement to pay $8.5 billion for its legacy Countrywide mortgage repurchase and servicing claims. The settlement is for a group of 22 investors who had suffered substantial losses for their investments in mortgage-backed securities sold by the company prior to the housing market failure. While the settlement is encouraging considering the fact that it lessens the overhang related to the mortgage repurchases liability, BofA's financials … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wireless Dividend For Vodafone Posted: 30 Jun 2011 11:35 AM PDT Vodafone Group Plc (NYSE:VOD) anticipates dividends from Verizon Wireless, its joint venture with Verizon Communications (NYSE:VZ). Vodafone owns 45% of Verizon Wireless and Verizon owns the remaining 55%. With the majority holding, Verizon has a right to approve a resumption of dividend payment that was suspended during the last 7 years due to the high debt levels at Verizon Wireless. Accordingly, the company has sustained its focus on maximizing free cash flow, maintaining a strong balance sheet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avalonbay Buys Rockville Townhomes Posted: 30 Jun 2011 11:35 AM PDT Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), has recently expanded its portfolio with the acquisition of Yale Village Townhomes in Rockville, Maryland for $49.5 million. The purchase price for the 210 rental townhomes equates to about $235,700 per unit. The acquired property is strategically located between the Rockville and Shady Grove Metro stations in close proximity to  the Montgomery College. The townhouses, with an average unit size … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bristol-Myers Expands HIV Drug’s Reach Posted: 30 Jun 2011 11:35 AM PDT Recently, Bristol-Myers Squibb Company (NYSE:BMY) inked a deal with Mylan Inc. (NYSE:MYL) to expand the market for its HIV drug Reyataz (atazanavir sulfate). The deal allows Matrix to develop and sell the generic version of the HIV therapy in the Indian and sub-Saharan African markets. Apart from Reyataz, Mylan will also sell the generic versions of other Bristol-Myers HIV therapies such as Videx (didanosine) and Zerit (stavudine) in the above territories as per the agreement. The transaction marks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Reaches Up To Triangle Upper Border Posted: 30 Jun 2011 11:24 AM PDT EUR/USD (daily chart) as of Thursday (6/30/2011) has reached up to hit the upper border of a large triangle consolidation pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. Price has not only reached the upper border of this triangle, but has also slightly surpassed key resistance around the 1.4500 price region. Therefore, price is currently at a critical juncture. With the last four days showing marked bullishness, the pair should soon experience some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Window Dressing Posted: 30 Jun 2011 11:18 AM PDT Cusick’s Corner The shopping continues today. Seems like the big money managers are continuing to improve their window, dressing up their end of the month to keep the statement in the green. This is money that is already in the market, but this recent move has scared the managers and hedge funds that have been cash heavy, forcing them to jump into the market. I have written before that you need a select a control, barometer, or benchmark that you want your portfolio’s performance to beat. Right … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 30 Jun 2011 11:15 AM PDT Forex Pros – pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> AUD/USD was trading at 1.0717, up 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.0392, Monday&rsquo;s low, and resistance at 1.0751, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Twin Purchases By Sunoco Logistics Posted: 30 Jun 2011 11:05 AM PDT Sunoco Logistics Partners L.P. (NYSE:SXL), a master limited partnership, has agreed to acquire an oil storage plant in New Jersey from Sunoco Inc. (NYSE:SUN) in a stock deal, for approximately $100 million. Additionally, Sunoco Logistics plans to invest about $90 million for further development and legal obligations of the facility. Located in Westville, the Eagle Point Tank Farm, although idle since the fall of 2009, includes five million barrels of active storage for clean products and dark oils. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CACI International Revises Outlook Posted: 30 Jun 2011 11:05 AM PDT CACI International Inc (CACI) recently revised its outlook for fiscal year 2011 and issued its guidance for fiscal 2012. CACI International now expects revenues between $3.50 billion and $3.60 billion compared to the previous guidance of $3.50 billion and $3.63 billion. Net income is now projected between $133 million and $138 million, up from the previous estimate of $130 million – $135 million. Earnings per share (EPS) are now forecasted around $4.25 – $4.40, up from the previous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Force Contract For Northrop Posted: 30 Jun 2011 11:05 AM PDT Northrop Grumman Corporation (NYSE:NOC) has received an 18-month, direct standalone contract, worth $8.1 million, for the production of millicomputer replacement (''MCR'') 1553 processors from the U.S. Air Force. The MCR-1553 will replace a vintage processor. Aging milliprocessor and core memory in the U.S. Air Force ALQ-131 electronic countermeasures pod that is used on both the F-16 Fighting Falcon and the A-10 Thunderbolt will be replaced by the MCR-1553. MCR-1553 has an onboard memory … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CONSOL Closes Uncompetitive Mine Posted: 30 Jun 2011 11:05 AM PDT Coal and natural gas company CONSOL Energy Inc. (NYSE:CNX) announced the closure of its Mine 84, located near Washington, Pennsylvania.  The company said the mine which had been in operation for decades producing thermal and metallurgical coal is no longer competitive. The company pointed out that the mine was idled in the first quarter of 2009. CONSOL Energy said the closure will incur total pre-tax charges of $116 million.  Of the total cost, about $111 million will be non-cash while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lawson Okays GGC Merger Posted: 30 Jun 2011 11:05 AM PDT Lawson Software (NASDAQ:LWSN) recently announced that the stockholders have approve the proposed merger with GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor. On April 26, 2011, Lawson Software signed a definitive agreement to be acquired by GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor, for approximately $2 billion. Under the terms of the merger agreement, stockholders of Lawson will receive $11.25 per share in cash. The $11.25 per share cash … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

COP To Divest East Boston Terminal Posted: 30 Jun 2011 11:05 AM PDT ConocoPhillips (NYSE:COP) has signed an asset sale agreement with Sunoco Logistics Partners LP (NYSE:SXL) for its refined products terminal in East Boston, Massachusetts. Houston-based ConocoPhillips agreed to sell the terminal for $56 million in addition to the fair value of inventory. The facility can store up to 1.2 million barrels of oil. It enjoys exclusive rights as a sole service provider to Logan International Airport under a long-term contract. Local markets are served by the terminal's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Milestone For “New Age Of Energy Abundance” Posted: 30 Jun 2011 10:59 AM PDT Natural gas production in the U.S. set another new monthly record in April according to data released yesterday by the Energy Information Administration.  Gross withdrawals of natural gas increased to an all-time high of 78.58 billion cubic feet (Bcf) per day in April, up by 0.54% from the 78.16 Bcf a day in March, and up by almost 7% from production in April last year (see chart above).   This new natural gas production record is another new milestone for the ongoing success … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session Posted: 30 Jun 2011 10:45 AM PDT Forex Pros – pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> NZD/USD was trading at 0.8268, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 0.8009, Monday&rsquo;s low, and resistance at 0.8318, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Paying Attention To…earnings, Payrolls” Posted: 30 Jun 2011 10:37 AM PDT 06/30/11 ICAP’s Kenneth Polcari weighs in on the upcoming earnings season and trading expectations for the second half of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AT&T To Offer Zynga Games Posted: 30 Jun 2011 10:35 AM PDT AT&T Inc. (NYSE:T) a leading wireless carrier in the U.S. has collaborated with Zynga, a popular Web-based social gaming company to offer mobile social gaming options on its Google's (NASDAQ:GOOG) Android-based smartphones and tablets.   The company plans to provide Web-based games such as Words with Friends and Zynga Poker. The games can be downloaded from its shelf in the Android Market application and will be available by the end of this year. In another recent development, the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Constellation Shines In 1Q Posted: 30 Jun 2011 10:35 AM PDT Leading wine distributor Constellation Brands Inc. (NYSE:STZ) delivered an adjusted EPS of 39 cents in its first quarter ended May 31, 2011, outperforming the Zacks Consensus Estimate of 37 cents and improving by a penny from the prior-year quarters’ earnings of 38 cents. Both the reported and prior-year quarter’s EPS excluded special items like inventory step-up costs, net gains/losses from its strategic business realignment initiatives and other items. Netting these items, the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Schlumberger To Take Over Framo Posted: 30 Jun 2011 10:35 AM PDT Schlumberger Limited (NYSE:SLB) announced that it will acquire the remaining shares of Framo Engineering AS from Frank Mohn AS that gives a boost to its subsea footprint. The closing of the transaction is subject to regulatory approval and the company did not reveal any financial details. Norway-based, privately-owned Framo Engineering is the leading supplier of multiphase subsea pump and meter. It is mainly engaged in developing, manufacturing as well as selling products and services relating to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tanger Issues Public Offering Posted: 30 Jun 2011 10:35 AM PDT Tanger Factory Outlet Centers, Inc. (SKT) recently issued 4 million common shares to a sole underwriter in an underwritten public offering. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriter for purchasing an additional 600,000 shares. Tanger intends to utilize the proceeds generated from the offering to pay down debts under its senior unsecured lines of credit and for general corporate purposes. This public offering will enable the company to attain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JPMorgan-SEC Settlement Approved Posted: 30 Jun 2011 10:35 AM PDT On Wednesday, JPMorgan Chase & Co.'s (NYSE:JPM) U.S. broker-dealer affiliate, J.P. Morgan Securities LLC, received court approval for paying $153.6 million to settle civil charges with the U.S. Securities and Exchange Commission (SEC). Last week, SEC had alleged the bank of misleading investors in a synthetic collateralized debt obligation (CDO) known as Squared CDO 2007-1 that was tied to the U.S. housing market. The investors suffered significant losses for investing in this product when … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Peabody Acquires Australian Mine Posted: 30 Jun 2011 10:35 AM PDT Coal miner Peabody Energy Corp. (NYSE:BTU) has signed an acquisition deal with Thiess Investments Pty Ltd to buy the remaining 5% joint venture interest in an Australian coal mine, the Burton Mine, for AU$35 million. Peabody had acquired 95% of Burton in April 2004. The acquisition of the Burton Mine will bring Peabody's ownership of the hard coking coal operation in Queensland, Australia to 100%. Located in the Bowen Basin, about 93 miles southwest of Mackay in Queensland, the Burton Mine is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Continues The “ups And Downs” As The Months Narrow Range Prevails Posted: 30 Jun 2011 10:21 AM PDT The USDJPY has had an up and down day (or down, up, down day). The last move has taken the price down to the 200 hour MA (green line in the chart above) at the 80.53.  If it can stay above this level, the next up move may start.  On the topside, the 100 hour MA (blue line in chart above) beckons at the 80.76 level.  The USDJPY has been in a narrow 186 pip range for the month of June. That range is the most narrow since May 1988 (23 year record) when the range was 155 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Puts In Demand At Dendreon Posted: 30 Jun 2011 10:12 AM PDT Puts in demand at Dendreon Today's tickers: DNDN, EW, IO & CCI (NASDAQ:DNDN) – Dendreon Corp. – The biotechnology company today announced the U.S. FDA approved its cancer immunotherapy manufacturing facility in Los Angeles. The approval allows the company to increase the availability of its prostate cancer treatment, Provenge. Shares in the biotechnology company are off their lows of the session, but are still down 0.90% on the day to stand at $40.14 as of 12:20 pm ET. Dendreon options are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rise Continues On Greece Posted: 30 Jun 2011 05:00 AM PDT 06/30/11 The euro currency continued to strengthen this session following the passage of Greece’s second austerity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 30 Jun 2011 10:00 AM PDT Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> GBP/USD was trading at 1.6066, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 1.13% Posted: 30 Jun 2011 09:55 AM PDT Forex Pros – pros – European stocks were up after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 1.13%, London&rsquo;s FTSE 100 gained 1.53%, France&rsquo;s CAC 40 climbed 1.48% and the EURO STOXX 50 was up 1.64%.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 last month from 56.6 in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Russian Central Bank Holds Refinancing Rate At 8.25% Posted: 30 Jun 2011 09:35 AM PDT The Central Bank of Russia held the benchmark refinancing rate unchanged at 8.25%, the fixed overnight deposit rate at 3.50%, and the overnight auction-based repurchase rate at 5.50%, while also leaving reserve requirements unchanged.  The Bank said: ”The decision was made following an assessment of inflation risks and risks for sustainable economic growth, including risks posed by the continued uncertainty over foreign market developments.” Previously Russia’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Taiwan Central Bank Raises Discount Rate 12.5bps To 1.875% Posted: 30 Jun 2011 09:18 AM PDT The Central Bank of the Republic of China (Taiwan) raised its discount rate 12.5 basis points to 1.875% from 1.750%, continuing its normalization of monetary policy settings.  The Bank also raised the collateralized loan rate 12.5 basis points to 2.250% from 2.125% and the unsecured loans rate 12.5 basis points to 4.125% from 4.000%.  Bank Governor, Perng Fai-nan, said: ”Although the nation’s inflation remains more stable than in most other countries, we have decided to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google Ramps Up Social Networking Efforts Posted: 30 Jun 2011 03:00 AM PDT 06/30/11 Google+ is creating quite a buzz, after unveiling its latest social networking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tower Resources Cheered By Updated Assessment Of Namibia Acreage Posted: 30 Jun 2011 03:59 AM PDT AIM listed oil and gas exploration group Tower Resources (LON:TRP) has released the details of a long-awaited competent persons report on the technical and economic details of its acreage offshore Namibia, where it holds a 15% interest. The report reaffirms that the Delta Maastrichtian prospect remains the main target for an exploration well and best case estimates of prospective resource have been calculated based on whether it strikes oil, gas condensate or dry gas. Tower said the independent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610