DailyMarkets.com - Lawson Releases Preliminary Results
DailyMarkets.com - Lawson Releases Preliminary Results |
- Lawson Releases Preliminary Results
- Caterpillar’s Thai Expansions
- Kona Grill’s CEO Resigns (revised)
- Sprint Ventures Safe Browsing
- Card Defaults Continue To Drop
- Forex Trading: GBP/USD Tentatively Breaks Down Longstanding Bullish Trend
- Lockheed Wins US Army Rocket Deal
- Foster Wheeler Wins Contract
- Pepsi Gets New Credit Facility
- NRP Unit Issuing Senior Notes
- MetroPCS In Neutral Lane
- Lowe’s Cuts Back On New Stores
- Progressive Beats In May
- J&J To Discontinue Cypher Stent
- Aetna Gets Approval From CMS
- Kroger Tops, Raises Outlook
- European Contagion, The Domestic Banks, & The S&P 500
- Kellogg’s Food Contaminated Again
- Word From The Floor: US Stocks Mixed At Open, Greece In Focus
- Greek Government Change Causes Euro Traders To Lose Faith
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Key ST Resistance At 993
- ATVI Launches War Of Transformers
- Dejour Hosted First Earnings Call: Outlined 2011 Plans
- ViroPharma’s HAE Drug Gets EU Nod
- Starwood’s W Hotels Reach Russia
- Oracle, HP Entangled In Lawsuit
- Negative Outlook For KB Home
- Qualcomm Remains Neutral
- Fitch Ups Unisys
- Philly Fed Index Negative In June, Series Sees Largest 3 Month Drop Ever
- Forex – Dollar Trims Gains After Mostly Upbeat U.S. Data
- Natural Gas Futures Tumble To 3-week Low After U.S. EIA Data
- Crude Steady Around $95
- Forex – GBP/USD Off 3-week Low After U.S. Economic Data
- Gold Futures Trim Losses On U.S. Data, Greece Debt Fears
- Supreme Court Ruling On Mutual Funds “Smells”
- Stock Market Summary For Thursday, June 16, 2011
- Forex – EUR/USD Pares Back Losses After U.S. Jobs, Housing Data
- U.S. Trade With Rest Of World Is Always Balanced
- GBP/JPY Tests 129.76 Support In Choppy Range Trading
- Philadelphia Fed Manufacturing Index Plunges In June
- Grief In Greece Sends Euro Sharply Lower
- NXP Semiconductor: Cashing In On Mobile Transactions With Google Wallet
- Crude Oil Futures Pare Losses After IEA Report
- Forex – USD/CAD Eases Off 3-month High After Upbeat U.S. Data
- EUR/GBP Might Be Due For A Correction After A 5-Wave Decline
- Interesting Facts Of The Day About China
- U.S. Dollar Sustains Gains Amid Stronger-than-Expected Housing Data
- Morning Market Brief
- Mulberry Shares Jump On Profit Surge And Expansion Success
| Lawson Releases Preliminary Results Posted: 16 Jun 2011 09:35 AM PDT Lawson Software, Inc. (NASDAQ:LWSN) recently released preliminary results for the fourth quarter of fiscal 2011. Lawson expects to report revenues of $208 – $212 million, up from $197 million reported in fiscal 2010.
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| Posted: 16 Jun 2011 09:35 AM PDT Caterpillar Inc. (NYSE:CAT) plans to open a new manufacturing facility in Thailand to produce medium track-type tractors, which are used globally by Caterpillar customers for various construction applications. Construction will begin on the new factory in 2011 with production slated to commence from late 2013.
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| Kona Grill’s CEO Resigns (revised) Posted: 16 Jun 2011 09:35 AM PDT Scottsdale-based Kona Grill, Inc. (NASDAQ:KONA) recently announced that its Chief Executive Officer (CEO) and President Marc A. Buehler has resigned to pursue other opportunities. Buehler joined the American grill and sushi bar company as the CEO and President in November 2009 and took all possible measures to improve the company's top line and narrow losses. However, during his tenure, the company posted a profit only once. Until a permanent CEO is selected, Kona Grill has decided that Michael … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 16 Jun 2011 09:35 AM PDT The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) has inked a deal with Lookout Mobile Security, a software company that specializes in smartphone security.
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| Card Defaults Continue To Drop Posted: 16 Jun 2011 09:35 AM PDT Regulatory filings by major credit card companies for the month of May have shown a continuous declining trend in credit card defaults, with rates dropping to the pre-crisis level. On Wednesday, five of the nation’s top six credit card companies reported a decline in card defaults.
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| Forex Trading: GBP/USD Tentatively Breaks Down Longstanding Bullish Trend Posted: 16 Jun 2011 09:09 AM PDT GBP/USD (daily chart) as of Thursday (6/16/2011) has made a tentative breakdown below a key uptrend support line extending back to the May 2010 lows. This breakdown is a key bearish event that, if sustained, could mean a bearish trend change for the pair. This occurs after a general period of overall bearishness stemming from the establishment of the 1.6745 high back in late April. The immediate downside target on this breakdown continues to reside around the important 1.6000 psychological … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Lockheed Wins US Army Rocket Deal Posted: 16 Jun 2011 09:06 AM PDT Lockheed Martin Corporation (NYSE:LMT) has received a follow-on contract for Guided Multiple Launch Rocket System (''GMLRS'') Unitary rockets worth $445 million from the U.S. Army Aviation & Missile Command.
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| Posted: 16 Jun 2011 09:06 AM PDT Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group received a contract to do basic engineering design (BED) and front-end engineering design (FEED) for Preemraff Lysekil oil refinery in Gothenburg on the west coast of Sweden.
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| Pepsi Gets New Credit Facility Posted: 16 Jun 2011 09:06 AM PDT Going by Bloomberg, the leading global snack food and beverages company, PepsiCo Inc. (NYSE:PEP), has entered into a new four-year unsecured revolving credit agreement with a consortium of world’s leading investment bankers for optimizing its capital structure.
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| Posted: 16 Jun 2011 09:05 AM PDT Natural Resource Partners L.P. (NYSE:NRP) announced that its subsidiary NRP (Operating) LLC issued the previously announced $50 million of senior notes yielding interest of 5.03% per year and maturing on December 1, 2026. The partnership intends to utilize the proceeds to fund future acquisitions including the remaining balance of the Hillsboro acquisition.
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| Posted: 16 Jun 2011 09:05 AM PDT We believe MetroPCS Communications (NYSE:PCS), one of the leading providers of unlimited prepaid wireless service in the U.S., remains well positioned to gain from the successful launch and execution of "Wireless for All" service plans. Further, growing demand for Android smartphones and the company's entry into fourth-generation (4G) long-term evolution (LTE) wireless broadband services ensure opportunities for long term growth.
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| Lowe’s Cuts Back On New Stores Posted: 16 Jun 2011 09:05 AM PDT As per The Street, Lowe’s Companies Inc. (NYSE:LOW) has struck a policy of rewarding shareholder value via dividend payouts and share repurchases at the cost of curtailing new store openings and saving on capital expenses.
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| Posted: 16 Jun 2011 09:05 AM PDT Progressive Corp.'s (NYSE:PGR) earnings per share for May 2011 were 11 cents, up from 7 cents earned in the year ago period. Net income increased 68% from the year-ago period to total $74.1 million.
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| J&J To Discontinue Cypher Stent Posted: 16 Jun 2011 09:05 AM PDT Cordis Corporation, a Johnson & Johnson (NYSE:JNJ) company, recently announced that it will stop manufacturing Cypher and Cypher Select Plus sirolimus-eluting coronary stents by year end.
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| Posted: 16 Jun 2011 09:05 AM PDT Aetna Inc. (AET) has recently revealed that it has finally got green signal from the Centers for Medicare & Medicaid Services (CMS), to market its Medicare Advantage and Prescription Drug Plan products. In April 2010, the company was banned from offering these products to new members as some of the Medicare prescription drug plans offered between 2009 and 2010 had failed to comply with the regulatory requirements.
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| Posted: 16 Jun 2011 08:30 AM PDT The Kroger Company (NYSE:KR), one of the largest grocery retailers, recently posted better-than-expected first-quarter 2011 results. The quarterly earnings of 70 cents a share topped the Zacks Consensus Estimate of 64 cents, and jumped 20.7% from 58 cents delivered in the prior-year quarter.
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| European Contagion, The Domestic Banks, & The S&P 500 Posted: 16 Jun 2011 08:28 AM PDT "The paranoia gripped us, The rain turned engines to rust
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| Kellogg’s Food Contaminated Again Posted: 16 Jun 2011 08:24 AM PDT The Food and Drug Administration (FDA) released a report on June 14, 2011 stating that traces of listeria have been found in the food products of a Kellogg Company (NYSE:K) bakery in Augusta, Ga. The regulators after an inspection in February this year came up with such findings. The Augusta plant makes Keebler and Famous Amos cookies, and is one of five cookie bakeries Kellogg operates in North America.
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| Word From The Floor: US Stocks Mixed At Open, Greece In Focus Posted: 16 Jun 2011 08:22 AM PDT 06/16/11 Wall Street digested better-than-expected US housing starts. Greek debt worries continue to grow, with investors monitoring the latest developments from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Greek Government Change Causes Euro Traders To Lose Faith Posted: 16 Jun 2011 08:19 AM PDT Today’s Idea
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| Australian Dollar: The Downside Prevails Posted: 16 Jun 2011 08:17 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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| Canadian Dollar: Key ST Resistance At 993 Posted: 16 Jun 2011 08:17 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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| ATVI Launches War Of Transformers Posted: 16 Jun 2011 08:17 AM PDT Even before the release of the film, Transformers' fans can play Activision Blizzard Inc.'s (NASDAQ:ATVI) Transformers: Dark of the Moon and experience the thrilling battle between the AUTOBOTS and DECEPTICONS.
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| Dejour Hosted First Earnings Call: Outlined 2011 Plans Posted: 16 Jun 2011 08:17 AM PDT Steven Ralston, CFA Dejour (DEJ) announced first quarter results, and management outlined exploration and development plans for 2011. First quarter results benefited from higher oil and gas prices, but the ramp up of production after the implementation of the waterflood has been gradual and did not benefit first quarter results. On the earnings call, management stated that current oil production at Woodrush is 430 BOPD, up 30% from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| ViroPharma’s HAE Drug Gets EU Nod Posted: 16 Jun 2011 08:17 AM PDT ViroPharma Inc. (NASDAQ:VPHM) recently announced that the European Commission (EC) granted Centralized Marketing Authorization to Cinryze for the treatment of hereditary angioedema (HAE).
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| Starwood’s W Hotels Reach Russia Posted: 16 Jun 2011 08:17 AM PDT Starwood Hotels and Resorts Worldwide Inc. (NYSE:HOT) with its luxury boutique hotel brand W Hotels Worldwide is all set to expand its footprint in Russia, which is considered as one of the fastest growing markets. The company has recently partnered with Real Estate Development Ltd to open its first W Hotel in Russia.
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| Oracle, HP Entangled In Lawsuit Posted: 16 Jun 2011 08:16 AM PDT Oracle Corp. (ORCL) has been sued by Hewlett-Packard Co. (HPQ) better known as HP, claiming breach of contract and anticompetitive behavior.
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| Posted: 16 Jun 2011 08:16 AM PDT Fitch Ratings lowered its outlook on KB Home (NYSE:KBH), from stable to negative, citing the homebuilder's overexposure to the entry-level housing market as well as its not-so-great performance as compared to its peers. However, the rating agency maintained its ratings on the company.
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| Posted: 16 Jun 2011 08:16 AM PDT We are maintaining our cautious stance on Qualcomm Inc. (NASDAQ:QCOM) despite the company's improved performance in the second quarter of 2011.
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| Posted: 16 Jun 2011 08:16 AM PDT The rating agency, Fitch Ratings, upgraded the debt ratings of UnisysCorporation (NYSE:UIS) based on the company's initiative of debt prepayment from the issue proceeds of mandatory convertible preferred stock.
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| Philly Fed Index Negative In June, Series Sees Largest 3 Month Drop Ever Posted: 16 Jun 2011 08:00 AM PDT It's time to pile on another poor US fundamental release, this time in the manufacturing sector, one day removed from a sharp decline in the Empire Manufacturing Index. This continues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Trims Gains After Mostly Upbeat U.S. Data Posted: 16 Jun 2011 08:00 AM PDT Forex Pros – The U.S. dollar trimmed earlier gains against its major counterparts on Thursday, as risk aversion eased following the release of broadly better-than-expected U.S. economic data.<br /><br />During early U.S. trade, the greenback was up against the euro, with EUR/USD shedding 0.18% to hit 1.4153.<br /><br />Earlier in the day, the euro fell broadly after European Central Bank Governing Council member Nout Wellink said that the European bailout fund should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Natural Gas Futures Tumble To 3-week Low After U.S. EIA Data Posted: 16 Jun 2011 07:54 AM PDT Forex Pros – Natural gas futures tumbled on Thursday, falling to a three-week low after the U.S. Energy Information Administration said natural gas inventories rose more-than-expected last week. <br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.476 per million British thermal units during U.S. morning trade, tumbling 2.37%. <br /><br />It fell as much as 2.63% to USD4.464 per million British … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 16 Jun 2011 07:45 AM PDT 06/16/11 Front month crude prices remained steady this session following a clash between a stronger US dollar, Greek debt concerns, and mixed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Off 3-week Low After U.S. Economic Data Posted: 16 Jun 2011 07:44 AM PDT Forex Pros – The pound pulled away from a three-week low against the U.S. dollar on Thursday, after data showed that U.S. housing starts and initial jobless claims came in better-than-expected.<br /><br />GBP/USD retreated from 1.6079, the pair’s lowest since May 24, to hit 1.6145 during early U.S. trade, still down 0.30% on the day.<br /><br />Cable was likely to find short-term support at 1.6056, the low of May 24 and a seven-week low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Trim Losses On U.S. Data, Greece Debt Fears Posted: 16 Jun 2011 07:44 AM PDT Forex Pros – Gold futures pared losses on Thursday, easing off the daily low as risk aversion eased after stronger than-expected U.S. economic data on first time jobless claims and housing starts. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,529.25 a troy ounce during U.S. morning trade, edging 0.14% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Supreme Court Ruling On Mutual Funds “Smells” Posted: 16 Jun 2011 07:43 AM PDT I firmly believe and have often written that "when private capital is not protected by regulators, legislators, the courts, and the executive branch, then that capital will be more expensive to source in the future. More expensive and subsequently less available capital will inhibit an economic recovery."
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| Stock Market Summary For Thursday, June 16, 2011 Posted: 16 Jun 2011 07:30 AM PDT DJIA and S&P 500 above and have not tested their 200-day moving averages; Nasdaq Composite trading below its 200-day moving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Pares Back Losses After U.S. Jobs, Housing Data Posted: 16 Jun 2011 07:23 AM PDT Forex Pros – The euro pared losses against the U.S. dollar on Thursday, as risk aversion eased after data showed that U.S. housing starts and initial jobless claims came in better-than-expected.<br /><br />EUR/USD pulled back from 1.4074, the pair’s lowest since May 26, to hit 1.4160 during early U.S. trade, remaining down 0.16% on the day.<br /><br />The pair was likely to find support at 1.4001, the low of May 24 and resistance at 1.4450, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Trade With Rest Of World Is Always Balanced Posted: 16 Jun 2011 07:17 AM PDT In a Tuesday Washington Times editorial “Truth about Trade Deficits and Jobs,” Cato Institute trade specialist Dan Griswold makes the following important point about U.S. trade deficits: “A trade deficit doesn’t mean that the dollars flowing abroad just disappear. They quickly return to the United States. If they are not used to buy our goods and services to export, they are used to buy American assets — Treasury bills, corporate stock and bonds, real estate and bank deposits. In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GBP/JPY Tests 129.76 Support In Choppy Range Trading Posted: 16 Jun 2011 07:14 AM PDT GBP/JPY's Decline is Intact but Momentum is Suspect (6/13) Short-Term
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| Philadelphia Fed Manufacturing Index Plunges In June Posted: 16 Jun 2011 07:06 AM PDT Forex Pros – Manufacturing activity in the Philadelphia-region plunged in June, declining sharply for the third consecutive month official data showed on Thursday.<br /><br />In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index plummeted to -7.7 in June, compared to May’s reading of 3.9. <br /><br />Analysts had expected the index to increase to 7.0 in June.<br /><br />It was the first negative reading since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Grief In Greece Sends Euro Sharply Lower Posted: 16 Jun 2011 07:05 AM PDT Demand for dollars is showing up in European money markets as banks scramble to borrow cheap funds, which in turn is forcing near-term funding costs in the United States. Bankers desperate to remain liquid during the latest phase of the European sovereign debt crisis have forced the value of the dollar to its highest in three weeks, not only on account of its safe haven status, but also now as banks turn to the swaps market to churn whatever source of funding they can back into desperately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| NXP Semiconductor: Cashing In On Mobile Transactions With Google Wallet Posted: 16 Jun 2011 07:02 AM PDT NXP Semiconductor: Cashing In on Mobile Transactions with Google Wallet
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| Crude Oil Futures Pare Losses After IEA Report Posted: 16 Jun 2011 06:59 AM PDT Forex Pros – Crude oil futures pared losses on Thursday, after the International Energy Agency raised its long-term global oil demand forecast, but prices remained pressured by a stronger U.S. dollar. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD95.11 a barrel during U.S. morning trade, dipping 0.14%. <br /><br />It earlier fell as much as 0.95% to trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CAD Eases Off 3-month High After Upbeat U.S. Data Posted: 16 Jun 2011 06:38 AM PDT Forex Pros – The U.S. dollar trimmed gains against its Canadian counterpart on Thursday, easing off a three-month high as risk aversion eased after data showed that U.S. housing starts and initial jobless claims came in better-than-expected.<br /><br />USD/CAD pulled back from 0.9897, the pair’s highest since March 17 to hit 0.9845 during early U.S. trade, still up 0.56% on the day.<br /><br />The pair was likely to find support at 0.9669, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/GBP Might Be Due For A Correction After A 5-Wave Decline Posted: 16 Jun 2011 06:37 AM PDT EUR/GBP Resumes Bearish Correction after a Sharp Channel Breakout (6/10) Short- Term- EUR/GBP has completed 5 waves down to 0.8720. This looks like it can be an impulse wave, although it can also be a correction 5-wave structure as well.
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| Interesting Facts Of The Day About China Posted: 16 Jun 2011 06:37 AM PDT 1. China will become the second largest consumer market in the world by 2015, behind only the U.S. 2. Wal-Mart is opening one store per week in China. 3. KFC is opening one store per day in China. 4. IKEA has stopped advertising in China because its stores have become so crowded it’s facing “crowd control” problems. ~James McGregor, author of the book “One Billion Customers: Lessons from the Front Lines of Doing Business in China,” from his interview today on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Dollar Sustains Gains Amid Stronger-than-Expected Housing Data Posted: 16 Jun 2011 06:22 AM PDT The Greenback found meaningful follow through on its gains from yesterday as risk-aversion continued to grip the market in the overnight. In fact, the safe haven currencies, the Japanese Yen, the Swiss Franc and the United States Dollar, were all up against their constituents, with the Franc being the strongest of the three funding currencies. While the tone for the North American session was set on the premise that the inflation is being tempered in the Euro-zone and the United Kingdom's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 16 Jun 2011 01:15 AM PDT 06/16/11 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
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| Mulberry Shares Jump On Profit Surge And Expansion Success Posted: 16 Jun 2011 01:15 AM PDT British luxury fashion brand Mulberry (LON:MUL) was the top riser on the Alternative Investment Market this morning after it announced a 358% rise in pre-tax profits to £23.3 million. Shares in the company jumped by 115p to 1450p. Nagging concerns about the state of the global economic recovery failed to dampen the mood, with the company reporting that the new financial year had already seen strong demand in all of its markets. Sales at Mulberry in the 12 months to the end of March grew by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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