DailyMarkets.com - MetLife Offers Canadian Notes

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• MetLife Offers Canadian Notes
• Vornado To Tap CMBS Market For Fund?
• Smithfield Back To China Again
• Sky Traffic Improves In May
• Forex – AUD/USD Up In U.S. Trade
• Mixed Bag For Cantel Medical In 3Q
• Target Enhances Return
• Tech Upgrade From BorgWarner
• Ryder Acquires Hill Hire
• “Equities, Oil…only Going Higher”
• Forex – NZD/USD Up During The U.S. Session
• Boilers Remain Building???s Forgotten Energy Source
• WFSL To Buy Charter Bank Deposits
• Ford Steers Toward Asia
• McDonald’s May Comps Rise, Slow Y/Y
• PKX Extends Into Graphene Market
• Digital River And Panasonic Team Up
• Euro Drops On ECB Signals
• Forex Trading: USDJPY Making A Move Higher..Equals High For The Week
• With ICloud, Apple Once Again Opens Up New Market
• Forex – GBP/USD Down In U.S. Trade
• Smucker Beats Estimates
• Roche Skin Cancer Drug Impresses
• Franklin’s May AUM Improves
• Fitch Threatens US Rating Downgrade
• Goldman Retained At Neutral
• European Markets Close Higher; Dax Up 1.41%
• Praxair’s Long-Term Targets
• Sealed Air Gives Post Deal Outlook
• Why The President Must Come Up With Demand-Side Solutions, And Not Go Over To The Supply Side
• PKX’s Extension Into Graphene Market
• ARR Makes Public Offering
• Abercrombie Remains Neutral
• China Bulls: Know The Risks And Find Rewards
• Bear Flag Lessons And Current Levels To Watch In SINA
• Higher Comps Drive Bob Evans
• RadioShack Remains Neutral
• Mr. Reitmeister Goes To Washington
• Forex Trading: EUR/USD Breaks Down Uptrend
• More Details Emerging Regarding A Second Greek Rescue Package
• Brinker Boosts Shareholders’ Value
• Word From The Floor: US Stocks Higher, Trade Deficit Narrows
• Forex Trading: GBPUSD Trying To Step Down In Non Trending Week
• Crude Rallies To Trade Above $101
• Inflation Shakedown Dampens European Short-end Yields
• Forex – Dollar Broadly Higher Vs. Rivals As Euro Gives Up Gains
• Natural Gas Futures Fall From 10-month High After U.S. EIA Data
• Don’t Blame Big Oil For High Gas Prices
• Forex – EUR/USD Hits 4-day Low After Trichet, U.S. Data
• Gold Futures Ease Up On Euro Zone Inflation Worries
• Forex – GBP/USD Slips To Session Low After Mixed U.S. Data
• Sacrificing Economic Growth And Job Creation
• Manufacturing Job Openings Highest Since Aug. ’08
• Packaging Group API Upbeat On Figures Despite Higher Raw Material Costs

MetLife Offers Canadian Notes Posted: 09 Jun 2011 11:35 AM PDT Yesterday, MetLife Inc.'s (NYSE:MET) unit– MetLife Global Funding I sold 3-year floating-rate notes worth approximately C$325 million ($332 million), according to Reuters. These floating-rate notes were priced at a par value and dated to mature on June 17, 2014.  The non-callable notes are projected to have a coupon rate of 90 basis points over the existing three-month Canadian dealer offered rate. Further, MetLife appointed the investment dealer arms of Canadian Imperial Bank of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vornado To Tap CMBS Market For Fund? Posted: 09 Jun 2011 11:35 AM PDT According to the latest industry buzz, Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), is likely to tap the commercial mortgage-backed securities (CMBS) market to raise capital to repay debt. This further reinforces investor sentiment about stabilization of market fundamentals in the CMBS sector after it reported strong results in first quarter 2011. The CMBS market had been a trusted vehicle to provide low-cost mortgage financing during the U.S. commercial real … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Smithfield Back To China Again Posted: 09 Jun 2011 11:25 AM PDT Smithfield Foods Inc. (SFD) announced that it has got into a Memorandum of Understanding with China's Dandong Port Group to explore business opportunities in Northern China. The deal was formalized during Governor Bob McDonnell’s recent visit to Asia with a trade and economic development mission. The two companies will together hatch out new methods to boost business in China through extensive exchange of information and market studies thereby maximizing the assets of both the companies. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sky Traffic Improves In May Posted: 09 Jun 2011 11:25 AM PDT The U.S. carriers recorded an improvement in traffic during May. The carriers are combating rising fuel prices by increasing fares and charging extra fees, which are in turn leading to higher revenues.  Airline traffic is measured in billions of revenue passenger miles (RPM), which implies one mile flown by one passenger.  The consolidated Maytraffic dipped 0.3% at thelargest U.S. airline United Continental Holdings Inc. (UAL), the only carrier that saw a drop in the month. Domestic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 09 Jun 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> AUD/USD was trading at 1.0635, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.0564, today&rsquo;s low, and resistance at 1.0768, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Bag For Cantel Medical In 3Q Posted: 09 Jun 2011 11:02 AM PDT Leading infection prevention and control products maker Cantel Medical (NYSE:CMN) posted third-quarter 2011 (ended April 30) earnings of 29 cents per share, missing the Zacks Consensus Estimate by a couple of cents while exceeding the year-ago earnings of 25 cents. Profit climbed 18% year over year to roughly $5 million owing to record sales. Revenues propelled 24% year over year to $82.6 million, well ahead of the Zacks Consensus Estimate of $76 million. Sales were boosted by healthy growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Target Enhances Return Posted: 09 Jun 2011 11:02 AM PDT Target Corporation (TGT), the operator of general merchandise and food discount stores, recently hit the market with the news of a dividend increase, revealing its plan to utilize its free cash to enhance shareholders' return, thereby boosting investors' confidence in the stock. Minneapolis, Minnesota-based company, Target, raised its quarterly dividend by 20%. This is the 176th time the company has paid dividends since going public in October 1967. The board approved an increase in annual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tech Upgrade From BorgWarner Posted: 09 Jun 2011 11:02 AM PDT BorgWarner Inc. (NYSE:BWA) has started supplying compact plug top ignition coils for Fiat’s new 0.9L TwinAir gasoline engine. BorgWarner used advanced ignition technology in its compact and modular ignition coils to accommodate the tight spacing available in modern day's downsized engines. Alongside, these coils are designed so as to provide more power and better starts. BorgWarner expects this new technology to be widely accepted and thus to attract several new customers. The new ignition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ryder Acquires Hill Hire Posted: 09 Jun 2011 11:02 AM PDT Ryder System Inc. (NYSE:R), the world’s largest provider of integrated logistics and transportation solutions acquired Hill Hire Plc for £154 million (approximately $252 million). Hill Hire PLC is a subsidiary of Lloyds Banking Group (NYSE:LYG) and a leading British company for commercial truck leasing, rental and maintenance with a strong foothold in contractual businesses in U.K. The acquisition marks a key development for the company's business and is expected to be accretive to its financials. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Equities, Oil…only Going Higher” Posted: 09 Jun 2011 10:45 AM PDT 06/09/11 LandColt Trading’s Todd Schoenberger weighs in on today’s advance in equities and the spike in crude oil … [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: 09 Jun 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> NZD/USD was trading at 0.8272, up 1.50% at time of writing.<br/><br/> The pair was likely to find support at 0.8120, Monday&rsquo;s low, and resistance at 0.8301, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boilers Remain Building???s Forgotten Energy Source Posted: 09 Jun 2011 10:35 AM PDT Ken Nagy, CFA Boilers Remain Building's Forgotten Energy Source As the push toward energy efficiency continues to gain momentum, building automation remains a focus for the real estate community, building owners and campuses.  Large automation suppliers depend upon gaining monitor and control access to more and more devices in the building.  These devices range from standby generators to window shades, from lighting to power management at the work cubicle level.  When the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WFSL To Buy Charter Bank Deposits Posted: 09 Jun 2011 10:35 AM PDT Washington Federal Inc.(NASDAQ:WFSL) is geared up to acquire $253 million deposits and six branches of Albuquerque, New Mexico-based Charter Bank. The transaction is still subject to various regulatory approvals. Of the six branches that WFSL is going to acquire as a part of the deal, three are located in Albuquerque, two in Santa Fe and the remaining one in Rio Rancho. With the new additions, WFSL's total branch count will increase to 166. WFSL is already an established name in New Mexico, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Steers Toward Asia Posted: 09 Jun 2011 10:35 AM PDT Ford Motor Co. (NYSE:F) revealed that it expects global sales to expand by 50% to 8 million vehicles by 2015 given the potential growth in Asia, mainly China and India; and rising demand for small cars. The automaker anticipates small cars to account for 55% of the total sales by 2020 compared with 48% presently. One third of the small car sales is expected to come from Asia. In order to support the increasing sales, Ford aims to triple its dealership to 340 in India and double in China (adding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDonald’s May Comps Rise, Slow Y/Y Posted: 09 Jun 2011 10:35 AM PDT McDonald’s Corp. (NYSE:MCD) posted global comparable sales growth of 3.1% in May, on the heels of strong beverage sales as well as new menu offerings and promotional activities. However, the fast-food chain operator witnessed a relatively downward movement on a year-over-year basis across all regions but Asia/Pacific, Middle East and Africa (APMEA). Comparable sales growth stepped down from 4.8% in May 2010 and 6.0% from April 2011. In the United States, comparable sales growth dipped to 2.4% from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PKX Extends Into Graphene Market Posted: 09 Jun 2011 10:35 AM PDT Korean steel producer POSCO (NYSE:PKX) will soon be acquiring a 20% stake in US-based graphene maker, XG Sciences. Financial terms of the transaction were not disclosed. The graphene maker is a privately held company based in East Lansing, Michigan. It is also one of the two companies; the other being Vorbeck Materials Corp, producing the material for commercial use. Graphene is used in electronics, especially monitor, touch screen handsets and TVs. It is a form of carbon that is extremely light … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Digital River And Panasonic Team Up Posted: 09 Jun 2011 10:35 AM PDT E-commerce solutions provider Digital River, Inc. (DRIV) recently signed an e-commerce agreement with Panasonic, a leader in connected TV entertainment. Under the terms of the agreement, Digital River will be managing e-commerce transactions for Panasonic's VIERA Connect™ Market. Management at Digital River is excited to take online shopping and e-commerce to the forefront in Web-based entertainment. Management stated that this deployment represents the convergence of software and other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Drops On ECB Signals Posted: 09 Jun 2011 05:30 AM PDT 06/09/11 The euro experienced a pullback today after ECB President Jean-Claude Trichet signaled an expected rate hike increase in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Making A Move Higher..Equals High For The Week Posted: 09 Jun 2011 10:23 AM PDT The USDJPY has moved higher in the last few minutes breaking from the 100 hour MA and moving through the 80.24 key resistance level (2010 low price). The move is testing the weeks high atthe 80.38 level and a move above this level is another step closer to the 200 hour MA at the 80.56 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

With ICloud, Apple Once Again Opens Up New Market Posted: 09 Jun 2011 10:01 AM PDT by Ryan Cole, Investment U Research Thursday, June 9, 2011 Apple is doing it again… The company has a rich history of getting to a new sector, not first, but best. And when it does, everything changes. That's not ad-man hyperbole – that's just simple fact… When Apple released the first iPod, personal MP3 players weren't new – but they weren't mainstream, either. That all changed when consumers experienced the ease of use of Apple's then-revolutionary click-wheel. When Apple … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In U.S. Trade Posted: 09 Jun 2011 10:00 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> GBP/USD was trading at 1.6376, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.6325, Tuesday&rsquo;s low, and resistance at 1.6473, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Smucker Beats Estimates Posted: 09 Jun 2011 09:55 AM PDT The J.M. Smucker Company (SJM) delivered non-gaap earnings per share (EPS) of $1.00 for its fourth quarter outperforming the Zacks Consensus Estimate of 98 cents but was down 6.5% from the year-ago EPS of $1.07. For the fourth quarter of fiscal 2011, EPS excluded restructuring and merger and integration costs of 18 cents. Net sales for the quarter increased 11% year over year to $1,187.3 million as pricing contributed approximately 8% of the overall increase.  Volume increased 2% as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Roche Skin Cancer Drug Impresses Posted: 09 Jun 2011 09:55 AM PDT Roche Holdings Ltd. (RHHBY) recently presented encouraging data from a phase III trial (BRIM 3) on BRAF V600 mutation-positive metastatic melanoma candidate, vemurafenib (RG7204, PLX4032), at the annual meeting of the American Society of Clinical Oncology (ASCO). The BRIM 3 study was conducted to compare vemurafenib with dacarbazine (chemotherapy) in patients with previously untreated BRAF V600 mutation-positive, unresected, locally advanced or metastatic melanoma (skin cancer). Upon … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Franklin’s May AUM Improves Posted: 09 Jun 2011 09:55 AM PDT Franklin Resources Inc. (NYSE:BEN) declared preliminary assets under management (AUM) of $735.8 billion by its subsidiaries for the end of May. Results were up 0.4% from $703.5 billion as of April 30, 2011 and 28.5% from $572.7 billion as of May 31, 2010. At the end of May, total equity assets came in at $316.4 billion, down 1.5% sequentially, but up 31.2% year over year. Of the total equity assets, roughly 73% were from international sources while the remaining 27% were from the U.S. Total fixed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitch Threatens US Rating Downgrade Posted: 09 Jun 2011 09:55 AM PDT Fitch Ratings said on Wednesday that it will keep a watch on U.S. debt for a possible downgrade if the debt ceiling isn’t raised by August 2. The news was published in the Associated Press yesterday. Though the government hit the debt ceiling on May 16, it still has buffer time till August 2, to avoid defaulting on its payment obligations. The rating agency expects the debt ceiling to be raised during the buffer time. If the government fails to do so, the nation will default on its obligations, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Retained At Neutral Posted: 09 Jun 2011 09:55 AM PDT We maintain our Neutral recommendation on The Goldman Sachs GroupInc. (NYSE:GS) as with the improving economic conditions, the company is gaining from a solid balance sheet and growth of its global clients. In April, Goldman reported first-quarter 2011 earnings of $1.56 per share, significantly outpacing the Zacks Consensus Estimate of 79 cents per share. Results included a preferred dividend of $1.64 billion related to the redemption of Goldman's Series G Preferred Stock. During the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 1.41% Posted: 09 Jun 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 1.41%, London&rsquo;s FTSE 100 gained 0.82%, France&rsquo;s CAC 40 climbed 1.06% and the EURO STOXX 50 was up 0.95%.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B last month from -46.8B in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Praxair’s Long-Term Targets Posted: 09 Jun 2011 09:35 AM PDT Praxair Inc. (NYSE:PX) recently communicated its long-term targets while attending conferences held on June 2 and June 7. For the long-run, the company has set a goal to achieve annual organic sales growth of 8%-12%, while it is anticipated that Emerging markets, including South America, Asia, and Mexico, would account for approximately 45% of total sales by 2015 compared with 36% in the fiscal year 2010. Moreover, the company is experiencing high project backlog which reached about $2.5 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sealed Air Gives Post Deal Outlook Posted: 09 Jun 2011 09:35 AM PDT Sealed Air Corporation (NYSE:SEE) provides a sales and EPS outlook through 2013, soon after announcing its acquisition of privately held Diversey Holdings Inc, a leading solutions provider to the global cleaning and sanitization market, for $4.3 billion. This acquisition will help Sealed Air to foray into the $40 billion chemical cleaning and hygiene industry. Although the news of the acquisition might be contested by Diversey's largest stockholder, Davis Selected Advisers LP, which holds a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Why The President Must Come Up With Demand-Side Solutions, And Not Go Over To The Supply Side Posted: 09 Jun 2011 09:15 AM PDT "I am concerned about the fact that the recovery that we're on is not producing jobs as fast as I want it to happen," President Obama said Tuesday, amid the flood of bad economic news, including last Friday's alarming jobs report.   Does this mean we're about to see a bold package of ideas from the White House for spurring growth of jobs and wages? Sadly, it doesn't seem so.   Obama says he's interested in exploring with Republicans extending some of the measures that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PKX’s Extension Into Graphene Market Posted: 09 Jun 2011 09:10 AM PDT Korean steel producer, POSCO (NYSE:PKX) will soon be acquiring a 20% stake in US-based graphene maker, XG Sciences. Financial terms of the transaction were not disclosed. The graphene maker is a privately held company based in East Lansing, Michigan. It is also one of the two companies; the other being Vorbeck Materials Corp, producing the material for commercial use. Graphene is used in electronics, especially monitor, touch screen handsets and TVs. It is a form of carbon that is extremely light … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ARR Makes Public Offering Posted: 09 Jun 2011 09:05 AM PDT ARMOUR Residential REIT, Inc. (ARR) recently made a public offering of 16 million shares worth approximately $114 million at an average price of $7.40 after deduction of underwriting commissions and expenses. In a bid to cover over allotments, the underwriters exercised the option and purchased 2.4 million shares in connection with the underwritten public offering. After the underwriting option was exercised, ARMOUR Residential sold 18.4 million shares generating net proceeds of approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Abercrombie Remains Neutral Posted: 09 Jun 2011 09:05 AM PDT We have maintained our long-term ‘Neutral’ recommendation on Abercrombie & Fitch Company (NYSE:ANF) with a target price of $73.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock. Headquartered in Albany, Ohio, Abercrombie operates as a specialty retailer of premium, high quality casual apparels for men, women, and kids through a network of 1,069 stores across the U.S., Canada and Europe.The company has a strong portfolio of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Bulls: Know The Risks And Find Rewards Posted: 09 Jun 2011 09:03 AM PDT China Bulls: Know the Risks and Find Rewards by Carl Delfeld, Investment U's Emerging Markets Expert Thursday, June 9, 2011: Issue #1531 Give China its due. In 1990, its economy was the same size as Taiwan's. Now it's more than 10 times larger. This explosive growth has led many China bulls out there to fervently believe that Chinese economic growth and its stock market are on an unstoppable upward trend. And that it's a one-way bet and a sure ticket to heart-stopping returns. We've … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Flag Lessons And Current Levels To Watch In SINA Posted: 09 Jun 2011 08:59 AM PDT I'm seeing a lot of comments about Sina.com (SINA) stock, first with the run-up in share prices and now with the stellar retracement/sell-off phase underway. Let's take a look at the current action and mix in a few important trading tips and lessons along the way. First, the "bigger picture" Daily Chart for perspective: Starting with mid-2010, price traded around the $40 level which then gave-way to an upside breakout trend that steadily – with the exception of February 2011 – took … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Higher Comps Drive Bob Evans Posted: 09 Jun 2011 08:25 AM PDT Columbus, Ohio-based Bob Evans Farms Inc. (NASDAQ:BOBE) announced fourth quarter 2011 adjusted earnings of 71 cents per share, which surpassed the Zacks Consensus Estimate of 67 cents, but was down 11.8% from the year-ago quarter’s earnings of 68 cents. The better-than-expected earnings were driven by positive comps at Bob Evans restaurant chains for the first time in two and a half years. The company posted a 5.4% year-over-year drop in net sales to $418.7 million, partly due to a reduction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RadioShack Remains Neutral Posted: 09 Jun 2011 08:25 AM PDT We are maintaining our cautious stance on RadioShack Corp.(NYSE:RSH) given the company's moderate performance in the first quarter of 2011. RadioShack declared mixed financial results for the first quarter of fiscal 2011. Although earnings per share (EPS) were in line with the Zacks Consensus Estimate, revenues fell slightly below the estimate. However, revenues increased 2.1% year over year mainly attributable to growth in mobility (mostly wireless) businesses (up 11%) but fell 22.3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mr. Reitmeister Goes To Washington Posted: 09 Jun 2011 08:25 AM PDT Yesterday I was in Washington DC attending the White House's First Personal Finance Online Summit. The purpose was for the administration to parade out their lineup of economic All Stars to the investment websites that don't normally have direct access. In fact, they left nothing to chance by hauling out President Obama for a surprise visit. More on that later. You see, traditional press conferences are attended by the usual cast of objective (and tame) news sources like CNN, Fox, ABC, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Breaks Down Uptrend Posted: 09 Jun 2011 08:17 AM PDT (Please click on the chart to enlarge. Chart key: price on 1st pane, Stochastics on 2nd pane; horizontal support/resistance levels in black; uptrend lines in green; downtrend lines in red; 50-period simple moving average in orange; 100-period simple moving average in brown; 200-period simple moving average in dark blue; Fibonacci levels in magenta and purple.) 6/09/2011 – EUR/USD (a daily chart of which is shown) as of Thursday (6/0 9/2011) has tentatively broken down below a confluence of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Details Emerging Regarding A Second Greek Rescue Package Posted: 09 Jun 2011 08:11 AM PDT Today was a busy day for the Euro as not only did we get the ECB interest rate decision in which Trichet signalled a rate hike in July, but the EUR was still sold off amidst a lowering of GDP expectations for 2012 that may lower the total amount of tightening that the ECB is ready to undertake this cycle. In a second key development, we got more news to what a second Greek bailout may look like. From Bloomberg: "European governments and the International Monetary Fund would lend as much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brinker Boosts Shareholders’ Value Posted: 09 Jun 2011 08:06 AM PDT In a concerted effort to enhance shareholders' value, the board of directors of  Brinker International Inc. (EAT), authorized an additional $250 million for its current share repurchase program. The program has no expiration date. Brinker, which operates Chili's Grill & Bar and Maggiano's Little Italy restaurants, repurchased 4.5 million shares for $107.1 million in the recently concluded third quarter. The company had $258 million remaining under its current authorization as of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Higher, Trade Deficit Narrows Posted: 09 Jun 2011 08:05 AM PDT 06/09/11 Wall Street advanced, snapping a losing streak. The U.S. trade deficit narrowed unexpectedly to $43.7 billion in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Trying To Step Down In Non Trending Week Posted: 09 Jun 2011 08:04 AM PDT The GBPUSD has move below the 100 hour MA at the 1.6399 level. It has moved below trendline support at 1.6376. It has not moved below yesterday's lows at 1.6346.  This is the next target for the pair if the slightly bearish bias is to continue.  Like the EURUSD until today, the pair still remains in a narrow range for the week with a low of 1.6323 and a high of 1.6471. The 148 pip range for the week is the lowest range since the June 10, 2007th week.  Is it a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rallies To Trade Above $101 Posted: 09 Jun 2011 03:00 AM PDT 06/09/11 Front month crude prices continued to trade higher this session following yesterday’s OPEC decision leave crude production quotas … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Inflation Shakedown Dampens European Short-end Yields Posted: 09 Jun 2011 07:48 AM PDT Proving that "it ain't what you say, it's the way that you say it," the highly anticipated wording at Thursday's ECB press conference indeed signaled a July rate increase, but a markdown for inflation expectations wrong-footed interest rate traders. The September German bund future screeched higher after the press conference shaving five pips off the benchmark 10-year to 3% and halving the premium above treasuries to five basis points. Eurodollar futures – Three month Libor slipped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals As Euro Gives Up Gains Posted: 09 Jun 2011 07:46 AM PDT Forex Pros – The U.S. dollar moved broadly higher against its major counterparts on Thursday, after the release of mixed U.S. economic data and as the euro gave up gains following remarks by the European Central Bank president.<br /><br />During early U.S. trade, the greenback was higher against the euro, with EUR/USD shedding 0.45% to hit 1.4516.<br /><br />The euro weakened broadly after ECB chief Jean-Claude Trichet signaled a rate hike in July that was already … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Fall From 10-month High After U.S. EIA Data Posted: 09 Jun 2011 07:42 AM PDT Forex Pros – Natural gas futures erased gains on Thursday, retreating from a ten-month high 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 USD4.805 per million British thermal units during U.S. morning trade, slumping 1.05%.&nbsp;&nbsp; <br /><br />It earlier rose as much as 2% to USD4.962 per million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Don’t Blame Big Oil For High Gas Prices Posted: 09 Jun 2011 07:38 AM PDT From my editorial in today’s Sacramento Bee: The administration’s moratorium on exploratory drilling in new offshore areas has locked away billions of barrels of oil. Oil production in Alaska, which has been in decline for decades, could be doubled by opening up the Arctic National Wildlife Refuge and Arctic waters that are currently closed to drilling. Combine these restrictions on drilling with instability in the Middle East and it’s no wonder consumers are gritting their teeth at the price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits 4-day Low After Trichet, U.S. Data Posted: 09 Jun 2011 07:30 AM PDT Forex Pros – The euro slumped to a four-day low against the U.S. dollar on Thursday, after European Central Bank President Jean-Claude Trichet pointed to a rate hike in July that was already priced in by investors.<br /><br />EUR/USD pulled away from 1.4649, the daily high to hit 1.4494 during European afternoon trade, shedding 0.61%.<br /><br />The pair was likely to find support at 1.4306, the low of June 2 and resistance at 1.4694, Wednesday&rsquo;s high and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Ease Up On Euro Zone Inflation Worries Posted: 09 Jun 2011 07:27 AM PDT Forex Pros – Gold futures edged higher on Thursday, after European Central Bank President Jean-Claude Trichet vowed “strong vigilance” against inflation threats, boosting the metal&rsquo;s appeal as a hedge against accelerating consumer prices.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,539.25 a troy ounce during U.S. morning trade, edging 0.07% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Slips To Session Low After Mixed U.S. Data Posted: 09 Jun 2011 07:19 AM PDT Forex Pros – The pound slipped to a fresh daily low against the U.S. dollar on Thursday, after the Bank of England kept interest rates unchanged and following the release of mixed U.S. economic data.<br /><br />GBP/USD hit 1.6360 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.6367, shedding 0.21%.<br /><br />Cable was likely to find support at 1.6383, the low of June 3 and resistance at 1.6546, the high of May 31 and a one-month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sacrificing Economic Growth And Job Creation Posted: 09 Jun 2011 07:17 AM PDT George Will’s column today is about how “President Obama is sacrificing economic growth and job creation in order to placate organized labor…. and enlarge the entitlement system and exacerbate the entitlement mentality.” MP: The issue here is the Free Trade Agreements (FTAs) with Colombia, Panama and S. Korea which are being held up for approval until “Congress expands an entitlement program favored by unions” – the Trade Adjustment Assistance (TAA) program, which provides financial aid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manufacturing Job Openings Highest Since Aug. ’08 Posted: 09 Jun 2011 06:48 AM PDT Although job openings in the U.S. manufacturing sector slipped slightly in April to 230,000 from 235,000 in March, they have remained above 200,000 for four straight months for the first time since the summer of 2008 (see chart above, data here).  From the recessionary lows of 100,000 through mid-2009, manufacturing job openings have more than doubled to levels not seen since the summer of 2009, two years ago.  We can expect ongoing improvements in America’s manufacturing sector, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Packaging Group API Upbeat On Figures Despite Higher Raw Material Costs Posted: 09 Jun 2011 01:40 AM PDT Api (LON:API) , the AIM listed company that makes specialist packaging materials using foils, holographics and laminates, said this morning that sales last year had surged by 26% to £100 million. A strong performance across all of the group's divisions meant that operating profits from continuing operations doubled to £5.2 million, with pre-tax profits reaching £2.9 million against a £0.3 million loss previously. API's packaging materials are found on the likes of products from Colgate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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