Friday, June 3, 2011

DailyMarkets.com - Nordstrom Comps Rise Yet Again

DailyMarkets.com - Nordstrom Comps Rise Yet Again

Nordstrom Comps Rise Yet Again

Posted: 03 Jun 2011 07:35 AM PDT

Same-store sales at Nordstrom Inc. (NYSE:JWN) grew by 7.4% for the four-week period ended May 28, 2011. Total retail sales in May 2011 climbed 13.0% to $796.00 million from $705.00 million for the four-week period ended May 29, 2010.
Moreover, Nordstrom’s year-to-date same store sales increased 6.7% compared with the prior-year period. During this period of 2011, the company's total retail sales surged 12.2% to $3.02 billion from $2.69 billion in the prior-year period.
As of May 28, 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EA Goes Online

Posted: 03 Jun 2011 07:35 AM PDT

Video game developer and publisher, Electronic Arts Inc. (NASDAQ:ERTS), also popularly known as EA, plans to launch its first online service, Origin. Through this service the company plans to sell its downloadable titles directly to customers.
Electronic Arts is launching the Internet-based service with more than 150 of its titles. Electronic Arts has developed its online service with social networking features similar to sites like Facebook, where the gamers can record their achievements and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DOW Expects To Boost EBITDA

Posted: 03 Jun 2011 07:35 AM PDT

Chemical giant The Dow Chemical Company (NYSE:DOW) expects its earnings before interest, taxes, depreciation and amortization (EBITDA) to rise by $1 billion by 2016 driven by expansion in the U.S. market.
Last month, Dow reported its first quarter of 2011 results. The company earned $0.82 per share in the first quarter of 2011, ahead of the Zacks Consensus Estimate of $0.67 per share as well as last year's $0.43 per share. However, including one-time charges, the company earned $0.54 per share … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weak Economic Data Starting To Weaken Equity Bulls’ Resolve?

Posted: 03 Jun 2011 07:18 AM PDT

Today’s Idea
A quick look at the chart for the June E-mini S&P futures shows the potential for some consolidation in the next several sessions. Some traders who are looking for prices to start to move sideways may wish to explore selling strangles in E-mini S&P futures options. For example, with the June E-mini S&Ps trading at 1311.00 as of this writing, the June 1355 calls and the June 1270 puts could be sold for about 8.00, or $400 per spread, not including commissions. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 03 Jun 2011 07:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Caution

Posted: 03 Jun 2011 07:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Targets 1.4568 And Then 1.4598 Area

Posted: 03 Jun 2011 07:13 AM PDT

Forex – USD/JPY Down On Economic Data

Posted: 03 Jun 2011 07:10 AM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 80.46, down 0.54% at time of writing.<br/><br/> The pair was likely to find support at 80.06, today&rsquo;s low, and resistance at 81.77, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 54K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Spins Off Its Last PE Fund

Posted: 03 Jun 2011 06:55 AM PDT

Bank of America Corporation (NYSE:BAC) has finally completed the spin-off of its last largest private equity (PE) fund, which has led to the creation of a new company named North Cove Partners. The new company has more than $6 billion assets under management (AUM)
North Cove stated that it would continue to manage PE investments on behalf of BofA and also aim at raising a new PE fund in the near future. North Cove further commented that it would be led by the managing partners – Brain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down On Economic Data

Posted: 03 Jun 2011 06:50 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> NZD/USD was trading at 0.8110, down 0.47% at time of writing.<br/><br/> The pair was likely to find support at 0.8074, today&rsquo;s low, and resistance at 0.8264, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

May Non-Farm Payrolls Show Slow Pace Of Hiring As Manufacturing, Retail Jobs Contract

Posted: 03 Jun 2011 06:48 AM PDT

Today's NFP report disappointed even the lowered expectations of the market, and shows that May was a very poor month for hiring.
From Bloomberg: "Payrolls increased by a less-than-projected 54,000 last month, after a revised 232,000 gain in April that was smaller than initially estimated, Labor Department figures showed today in Washington. The median forecast in a Bloomberg News survey called for payrolls to rise 165,000. The jobless rate climbed to the highest level this year from 9 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Update: In Between Support And Resistance, But Back Higher In Up/down Session

Posted: 03 Jun 2011 06:37 AM PDT

The 1.4454 was support. The resistance was 1.4516-30. The low extended to 1.4450. The high extended to 1.4535.  The market is respecting the ranges so far with the dip buyers and the peak sellers.
The EURUSD is back near the highs and threatens a run above the resistance toward the 1.4569 level (61.8% of the move down from the May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BLS Jobs Report Disappoints

Posted: 03 Jun 2011 06:36 AM PDT

Today’s disappointing jobs report confirms the loss of economic growth momentum that a number of other indicators were consistently pointing to in recent days. The key question at this stage is whether this is a temporary slowdown that will reverse in the second half of the year or something more enduring.

The Bureau of Labor Statistics reported the creation of 54 thousand jobs in May, significantly below the downwardly revised consensus expectation of about 160 thousand. Private sector jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Affymetrix, Astrazeneca PLC, Dendreon, DeVry, EnergySolutions Inc, Ford Motor Credit Company, Goldman Sachs Group, Johnson & Johnson, Joy Global, J P Morgan Chase & Co, Microsoft, Regeneron Pharmaceuticals, Sempra Energy

Posted: 03 Jun 2011 06:36 AM PDT

    Joy Global Inc. (NASDAQ:JOYG) posted Q2 EPS of $1.52, higher than the Zacks Consensus Estimate of $1.35 per share. Revenue for the quarter grew 19% to $1.06 billion, beating the Zacks Consensus Estimate of $1.038 billion

    According to reports, Ford Motor Co (NYSE:F) is planning to invest around $100 million in robotic laser technology which will reduce wind noise inside vehicles

    Baird upgraded shares of Affymetrix, Inc. (NASDAQ:AFFX) to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Roche-Bristol Agree On Cancer Drug

Posted: 03 Jun 2011 06:36 AM PDT

Roche Holdings Ltd. (RHHBY) and Bristol-Myers Squibb Co. (NYSE:BMY) recently announced a collaboration for the development of a combination drug involving Roche's vemurafenib and Bristol-Myers' ipilimumab to treat patients with BRAF-mutated metastatic melanoma (skin cancer).
According to the agreement, the companies will conduct a phase I/II study to determine the safety and efficacy of the combination drug. On the basis of the trial results, Roche and Bristol-Myers will decide on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reaction To Poor Non-Farm Payroll Shows That Gold Still Has Safe-Haven Demand

Posted: 03 Jun 2011 06:35 AM PDT

Gold and Silver Diverging in the Short-term (6/1)
Gold (XAU/USD)

Short-term
- We saw gold make a push in the past couple of weeks showing a return to it as a safe-haven demand. Today's reaction after the NFP confirms this. The bullish continuation scenario is very likely in the short-term unless the market breaks below the 1519.40 (38.2% retracement) pivot.
- The 4H RSI remains above 40, maintaining the bullish momentum established during the recent rally. A break above 1550 suggests a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down On Economic Data

Posted: 03 Jun 2011 06:35 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6338, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.6287, today&rsquo;s low, and resistance at 1.6547, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Quick Check On Intraday Intermarket Structure After The Friday Jobs Report

Posted: 03 Jun 2011 06:33 AM PDT

Market participants can't say the "worse than expected" Non-Farm Payrolls (Jobs) Report was a complete surprise, given that the tide of economic news recently turned sharply negative (or at least has been hitting consistently under expectations).
With Friday's "Jobs Report" also worse than expected, let's take a quick pre-market look at the current intraday intermarket structure to see what to watch as the session progresses.

(Click for larger size image)
The biggest fact most … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Moves Toward Its Next Support Level As The Trend Continues

Posted: 03 Jun 2011 06:30 AM PDT

The USDCHF has been true to the trend with the pair continuing its march toward the support on the daily chart at the 0.8314-18 level. This is the trendline of the March and April lows.
On the hourly chart, the parellel trendlines that the market has been using is approaching the underside of a trendline at the 0.8310 level currently. This increases the importance of the area between … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In European Trade

Posted: 03 Jun 2011 06:25 AM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/CHF was trading at 1.2114, down 0.78% at time of writing.<br/><br/> The pair was likely to find support at 1.2054, Wednesday&rsquo;s low, and resistance at 1.2318, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 54K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 03 Jun 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 03 Jun 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: The Downside Prevails

Posted: 03 Jun 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: The Downside Prevails

Posted: 03 Jun 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 03 Jun 2011 06:15 AM PDT

06/03/11 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

Back Toward Double Dip

Posted: 03 Jun 2011 06:13 AM PDT

The May jobs report is a disaster — the weakest reading since September. Non-farm payrolls grew only 54,000 last month, according to the Labor Department's Bureau of Labor Statistics. Private employment rose only 83,000 — the smallest growth since last June. Government payrolls dropped 29,000.
The overall jobless rate rose to 9.1 percent.
Together with plummeting housing prices, falling wages for non-supervisory workers, a paltry 1.8 percent growth in the first quarter, and a precipitous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Why Did The EUR/USD Decline Such Poor Employment Numbers For The US?

Posted: 03 Jun 2011 06:12 AM PDT

Status of the USD Recovery Ahead of the NFP (6/2 Video)
EUR/USD

Short-Term- Why is the EUR/USD declining? Why is the USD gaining after such a poor NFP? (non-farm payrolls:54K (vs +165K expected, +244K prior month).
- Well, even though this is USD-negative, in the scheme of risk aversion, it is actually USD positive. This is a flow to safer currencies, and those with low interest rates like  the JPY and CHF. The USD is actually losing to these other two.
- This actually caused more hurt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RenaissanceRe Raises Capital

Posted: 03 Jun 2011 06:05 AM PDT

RenaissanceRe Holdings Ltd. (NYSE:RNR) has announced the completion of an equity capital raise of $100 million by its consolidated venture – DaVinciRe Holdings Ltd. ("DaVinci").
The capital will be raised from its new and existing investors and the raised capital will be utilized for supporting the ongoing underwriting activities of DaVinci Reinsurance Ltd., which is a subsidiary of DaVinci. DaVinci Reinsurance Ltd. principally writes property catastrophe reinsurance and certain classes of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Comcast Still Neutral

Posted: 03 Jun 2011 06:05 AM PDT

We reiterate our long-term Neutral recommendation on Comcast Corp. (NASDAQ:CMCSA). The company reported excellent financial results for the first-quarter of 2011, easily beating the Zacks Consensus Estimates. Comcast has become a media baron after completing the acquisition of majority stake in NBC Universal. Some of the TV channels of NBC Universal has worldwide acceptance. Comcast, which is known for highly efficient management tactics, may now significantly develop NBC Universal's sports and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fluor Wins EPC Contract

Posted: 03 Jun 2011 06:05 AM PDT

Fluor Corporation (NYSE:FLR) is all set to expand the graphite products manufacturing facility of Showa Denko Carbon Inc. in Ridgeville, South Carolina. The Showa Denko plant, situated in Dorchester County, manufactures graphite material for the steel and automotive supplier industries.  Though the contract value is not disclosed, it is included in the first-quarter 2011 bookings of the company.
Fluor has successfully delivered several contracts in South Carolina over the past several years. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Tests 38.2% Of The Spike Lower

Posted: 03 Jun 2011 06:01 AM PDT

USDJPY is trying to stay below the 80.28 level.  This is the 38.2% of the spike move lower.  The dollars rebound against the EURO, GBP, CAD has helped.  The level is a dividing line for intraday trading.
The dollar has not gotten hit as hard as traders thought. The EURUSD rose but fell as did the GBPUSD.  The USDCAD is also soaring on the story that the bad for the US is worse for the CAD.  We will see if that move can be sustained. The stock market will keep the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 03 Jun 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/CAD was trading at 0.9846, up 0.90% at time of writing.<br/><br/> The pair was likely to find support at 0.9656, Tuesday&rsquo;s low, and resistance at 0.9852, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Rises To 200 Hour MA And Comes Off Toward 1.6274 Support

Posted: 03 Jun 2011 05:50 AM PDT

The worse than expected US job report has the stocks under pressure and this is leading to some flight to the US dollar against some of the potentially weaker economy countries like the UK. The GBPUSD rose toward the 200 hour MA on the initial reaction – getting to with 7 pips. SInce then, the price has declined.  The price is approaching the bottom trendline in the hourly chart at the 1.6274 level.  This level will be key for the trading bias going forward (the level has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down On Economic Data

Posted: 03 Jun 2011 05:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4477, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4258, Monday&rsquo;s low, and resistance at 1.4530, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 54K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Cannot Extend Above The 1.4516-30 Resistance

Posted: 03 Jun 2011 05:44 AM PDT

The EURUSD held the topside resistance at the 1.4516-30 area and came back down. The support at the 1.4454 level remains the downside key level. This is the 50% of the move down from the EURUSD 2011 highs and a ceiling support level on the hourly chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Falls Sharply To New Record Low After The Non-Farm Payroll

Posted: 03 Jun 2011 05:44 AM PDT

Stats of the USD-Recovery Ahead of the NFP (6/2)
USD/CHF

Short-Term to Medium-Term- After trading just above the record low in a tight range, the USD/CHF broke out to the downside after the NFP release. Non-farm payrolls:54K (vs +165K expected, +244K prior month).
- The daily chart shows the market making fresh record lows. A swing projection targets 0.8155.
- The market should stay below 0.8385 in a pullback to this initial reaction if the decline is to sustain further and achieve this wave … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Non-farm Payrolls Rise Less-than-expected

Posted: 03 Jun 2011 05:40 AM PDT

Forex Pros – U.S. non-farm payrolls rose less-than-expected last month, official data showed on Friday.<br/><br/> In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 54K, from 232K in the preceding month whose figure was revised down from 244K.<br/><br/> Analysts had expected U.S. non-farm payrolls to rise 169K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Unemployment Rate Rises Unexpectedly

Posted: 03 Jun 2011 05:35 AM PDT

Forex Pros – The rate of unemployment in the U.S. last month rose unexpectedly, official data showed on Friday.<br/><br/> In a report, the U.S. Department of Labor said the unemployment rate rose to a seasonally adjusted 9.1%, from 9.0% in the preceding month .<br/><br/> Analysts had expected the U.S. unemployment rate to remain unchanged at 9.0% last month. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Moves Below 80.24 On Weak Jobs Report

Posted: 03 Jun 2011 05:33 AM PDT

The initial move in the USDJPY is to test the 80.24 level. The price has dipped below the key level on the daily and hourly chart.  This level will be the bull above/bear below line. Market is still digesting the news, but on the surface, a weak report with unemployment moving higher to 9.1% and the NFP/Private lower and revisions also lower.

The 38.2% of the move down comes n at 80.28.  This should hold corrective move if the trend is to the downside. If the market has the number … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar And Yen Ahead Before U.S. Payrolls

Posted: 03 Jun 2011 05:28 AM PDT

Ahead of Friday's U.S. employment report traders have itchy fingers with few daring to fire meaningful shots. Tension was elevated following an ADP report showing private employers possibly tugged sharply on the reins during May, hiring fewer workers. The official data remains likely to show net job growth, although economists will likely be forced to conclude that even $2.3 trillion in quantitative easing has been insufficient to bring order back to the labor market by anywhere near as much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Currencies Consolidate Ahead Of Nonfarm Payrolls Data

Posted: 03 Jun 2011 05:26 AM PDT

Risky assets, and most notably, the commodity currencies, the Australian Dollar, the Canadian Dollar, and the New Zealand Dollar, fell against the safe haven currencies in the overnight session as markets consolidated ahead of the U.S. nonfarm payrolls report, in which the world's largest economy is expected to have added 165K jobs in May. Nonetheless, all bets could be off if the actual data reading misses consensus – to the upside or the downside.

Fundamental Headlines
• Italy's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

URS Corp. Acquires Aptis

Posted: 03 Jun 2011 05:25 AM PDT

URS Corporation (NYSE:URS) completed the acquisition of Apptis Holdings Inc., headquartered in Chantilly, Virginia, for $260 million. Apptis is a leading provider of IT services to the federal government.
Apptis' high-end IT services are used by the U.S. Department of Defense, which includes four branches of the military and the Defense Information Systems Agency, and by other federal entities, including the Departments of State, Transportation, Justice, and Homeland Security.
The majority stake … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 03 Jun 2011 05:00 AM PDT

Forex Pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8878, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 0.8657, Monday&rsquo;s low, and resistance at 0.8899, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.07% to hit 1.4500 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Down In European Trade

Posted: 03 Jun 2011 04:30 AM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.3731, down 0.46% at time of writing.<br/><br/> The pair was likely to find support at 1.3696, today&rsquo;s low, and resistance at 1.4120, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.37% to hit 1.6312 and EUR/GBP rising 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raleigh Area Mortgages, Cash Reserves And Retirement Accounts

Posted: 03 Jun 2011 04:22 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In European Trading Hours

Posted: 03 Jun 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0656, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.0588, Thursday&rsquo;s low, and resistance at 1.0757, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.11% to hit 1.3598 and AUD/JPY falling 0.51% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil, Gold And Silver Position For Losses Ahead Of US Jobs Report

Posted: 03 Jun 2011 03:53 AM PDT

Commodities – Energy
Crude Oil Sets Up for Losses as US Jobs Data Looms Ahead
WTI Crude Oil (NY Close): $100.40 // +0.11 // +0.11%
Crude prices are carving out a triangle candlestick below $103.30, a continuation pattern that in the current bearish context (given the sharp break below trend line support in early May) points to a resumption of downward momentum over the days ahead. The US employment report on tap today could easily prove to be just the catalyst to break current congestion, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

State Bank Of Vietnam Implements Series Of Monetary Policy Measures

Posted: 03 Jun 2011 03:23 AM PDT

The State Bank of Vietnam implemented a series of monetary policy maneuvers to strengthen the Dong and address surging inflation.  The Bank lowered the interest rate cap on US dollar deposits by individuals to 2% from 3%, and reduced the limit for institutions to 0.5% from 1%.  The Bank also increased the reserve requirement ratio on US dollar deposits by 100 basis points to a range of 4% to 7%.  In addition the State Bank of Vietnam ordered state-owned … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During The European Session

Posted: 03 Jun 2011 03:20 AM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8412, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 0.8384, Wednesday&rsquo;s low, and resistance at 0.8547, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.03% to hit 1.4486 and USD/JPY falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Peter Kingston And The African Oil Opportunity For Tower Resources

Posted: 03 Jun 2011 12:11 AM PDT

When Tower Resources (LON:TRP) drilled the second of two unsuccessful wells on its acreage in Uganda in February 2010 the value of shares in the AIM listed company slumped. With all the data pointing to a expected oilfield, Tower's exploration managers were left reeling by the drilling results. For executive chairman Peter Kingston the situation presented the dilemma of whether or not to have another shot at drilling what is regarded to be a hugely prospective region made famous by the nearby … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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