Thursday, June 9, 2011

DailyMarkets.com - Pall Corp. Underperforms Estimates

DailyMarkets.com - Pall Corp. Underperforms Estimates


Pall Corp. Underperforms Estimates

Posted: 09 Jun 2011 07:35 AM PDT

Pall Corporation (NYSE:PLL) reported third-quarter fiscal 2011 earnings per share from continuing operations of 60 cents, below the Zacks Consensus Estimate of 71 cents but above the prior-year earnings per share of 58 cents.
Revenue
Total revenue in the quarter increased by 15.2% year over year to $709.8 million, including positive impact from foreign currency translation of 4.5%. Orders increased over 10%, with Europe witnessing double-digit growth in order. At quarter's end, total backlog for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


3M To Acquire AC TECH

Posted: 09 Jun 2011 07:35 AM PDT

3M Company (NYSE:MMM) is all set to acquire a manufacturer of quick cure, light-weight polysulfide sealants for aerospace applications, Advanced Chemistry & Technology Inc. (AC TECH). The companies have entered into an agreement but did not disclose the terms of the deal.
The demand for aircraft sealants, used to prevent corrosion, seal critical gaps, and protect from foreign object debris, has increased significantly and is expected to show substantial growth over the next several years. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: The Downside Prevails

Posted: 09 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: 09 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


Cabela To Entice Tulalip

Posted: 09 Jun 2011 07:05 AM PDT

After spreading its roots to Canada, Cabela's Inc. (NYSE:CAB) is all set to entice the residents of Tulalip, Washington and its surrounding area by offering them its commendable and renowned customer service coupled with an array of products, such as hunting, camping, boating and wildlife-watching gear and outdoor clothing and gifts and furnishings.
The company announced that it plans to open a new 110,000-square-feet store in 2012. The new store will be located within QuilCedaVillage on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Forms Cup And Handle After US Trade Balance

Posted: 09 Jun 2011 07:04 AM PDT

USD/CHF's Double Bottom Attempt is Gaining Bullish Momentum
USD/CHF

Short-Term to Medium-Term- The USD/CHF has been attempting to build strength from a double bottom. The market has mainly stayed above the middle of the recent range. It started to rally in the European session and by the US session has established a double bottom then a "handle". This would be a variation of the "cup and handle" pattern. The cup in this case is a double bottom.
- The US Trade balance came in better … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Tests 200 Hour MA At 1.4507

Posted: 09 Jun 2011 07:02 AM PDT

The EURUSD moved a touch higher on the back of a larger than expected bailout for Greece (is it good or bad …. I wonder) and now tests the 200 hour MA at the 1.4507 level.  A move above opens the door for further corrective possibility. The 1.4544 level is the 38.2% of the days sharp move lower. 1.4515 was a low on the way down.  Getting above this will help the bias. 

The move down today extended the weeks range to a more respectable 219 pips. After the close yesterday, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Wholesale Inventories Rise Less-than-expected In April

Posted: 09 Jun 2011 07:02 AM PDT

Forex Pros – U.S. wholesale inventories rose less-than-expected in April, official data showed on Thursday.<br /><br />In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.8% in April, after rising by 1.3% in March, whose figure was upwardly revised from 1.1%. <br /><br />Analysts had expected U.S. wholesale inventories to rise by 1.0% in April. <br /><br />Following the release of the data, the U.S. dollar was up against the euro, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


US Trade Data Suggests Trade Could Help 2Q GDP Figures

Posted: 09 Jun 2011 06:57 AM PDT

US trade data came in better than expected in April, falling to its lowest level for the year, a positive development for US 2Q growth. With the US fundamental indicators showing significant slowdown, this is a welcome report.
The trade deficit narrowed 6.7% to $43.68 billion from a downwardly revised $46.82 million deficit in April.

The decline was led by a nice jump in exports of 1.3%, to a fresh record level of $175.56 billion. Imports meanwhile, decreased 0.4% to $219.24 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Hits Fresh Daily Low As Oil Holds Steady

Posted: 09 Jun 2011 06:56 AM PDT

Forex Pros – The U.S. dollar was lower against its Canadian counterpart on Thursday, as crude oil, Canada&rsquo;s largest export, remained supported and after official data showed that Canada unexpectedly posted a trade deficit in April.<br /><br />USD/CAD hit 0.9768 during early U.S. trade, the daily low; the pair subsequently consolidated at 0.9770, shedding 0.23%.<br /><br />The pair was likely to find support at 0.9736, Wednesday&rsquo;s low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dendreon Remains Neutral

Posted: 09 Jun 2011 06:55 AM PDT

We have maintained a Neutral rating on Dendreon Corporation (NASDAQ:DNDN) with a target price of $42 per share after appraisal of the first quarter 2011 results.
Dendreon's first quarter 2011 loss per share of 69 cents was in line with the Zacks Consensus Estimate, but was narrower than the year-ago loss of 94 cents. Provenge vaccine, Dendreon's potential blockbuster therapeutic vaccine for treating advanced prostate cancer in men performed well during the quarter ended March 31, 2011 as well as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Erase Gains As U.S. Dollar Strengthens

Posted: 09 Jun 2011 06:46 AM PDT

Forex Pros – Crude oil futures erased gains on Thursday, as prices were pressured by a broadly higher U.S. dollar and after disappointing U.S. employment data added to concerns over the economic recovery of the nation&rsquo;s largest crude consumer. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD100.95 a barrel during U.S. morning trade, easing down 0.14%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Retracement Targets And Bearish Projections For EUR/GBP’s Sharp Correction

Posted: 09 Jun 2011 06:38 AM PDT

The EUR/USD, GBP/USD, and EUR/GBP Ahead of the BoE and ECB (6/8 Video)
EUR/GBP

Short to Medium-Term- Although Trichet's speech was hawkish, the market continued a recent correction in the Euro. The EUR/GBP is now continuing in a second correction leg, accelerating after pausing after pausing at 23.6% retacement.
- Now the swing is about to reach 38.2% retracement and a previous resistance pivot in the 0.8835-0.8845 area. This is near term support.
- Price action suggests this is not going … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BJ’s Keeps The Market Guessing

Posted: 09 Jun 2011 06:36 AM PDT

BJ's Wholesale Club Inc. (NYSE:BJ) is now becoming a wait and watch story keeping the market guessing about the future prospects of the company.
Going by the Associated Press, Leonard Green & Partners and CVC Capital Partners are expected to make a joint takeover bid for the company offering a value of $2.8 billion. It is anticipated that both Leonard Green & Partners and CVC Capital Partners will announce its offer in the coming week.
The buyout story was taken positively as the shares … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: Apple, Cabot Oil & Gas, ENSCO International Incorporated, G-III Apparel Group, LTD., Goldman Sachs Group, Layne Christensen Company, Research In Motion Limited, Stifel Financial, Ulta Salon, Cosmetics & Fragrance, Pharmasset, Exxon Mobil Corporation

Posted: 09 Jun 2011 06:36 AM PDT

    Research In Motion (NASDAQ:RIMM) has purchased Scoreloop, a Munich-based social gaming company. The acquisition will enhance the Blackberry maker's messenger application as it looks to compete against Apple (NASDAQ:AAPL) and other companies.

    Oil company Exxon Mobil Corp (NYSE:XOM) said it has discovered an oil field in the Gulf of Mexico which may generate over 700 million barrels of oil

    Shares of Colo-based Molycorp, Inc (MCP) fell more than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


A.M.Best Reaffirms Ratings On PRU

Posted: 09 Jun 2011 06:36 AM PDT

Yesterday, rating agency A.M. Best Co. reaffirmed the financial and issuer credit ratings (FSR) & (ICR) on Prudential Financial Inc.(NYSE:PRU) and its subsidiaries, reflecting a stable outlook. Accordingly, the company's ICR of  "a-" and all the existing debt ratings have been reiterated. Also, its life and health insurance subsidiaries have witnessed a reaffirmation of their FSR and ICR at "A+" and "aa-", respectively.
The rating agency takes into account the group's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Trichet Sinks Euro

Posted: 09 Jun 2011 06:32 AM PDT

Dealers will be listening carefully to ECB President Trichet's words at the post-meeting press conference Thursday for clues over whether the Frenchman is indeed sowing the seeds for a second rate increase in July. And while he did adopt the "magic phrase" hinting that monetary tightening is around the corner, the euro slid in response with rate expectations actually softening during the statement. A lackluster employment report in Australia once again hindered investors' appetite for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FX Headlines: BoE, ECB Leave Rates On Hold; Euro Slides On Trichet Commentary

Posted: 09 Jun 2011 06:27 AM PDT

The overnight session featured a consolidation in Euro-based pairs as trading in the FX market seemingly hinged on European Central Bank President Jean-Claude Trichet's commentary following the central bank's decision to maintain its key interest rate at 1.25 percent. Indeed, the press conference following the rate decision sparked the much-desired volatility the markets had been waiting for, with the Euro-Dollar falling as much as 120-pips at the time this report was written.
Euro-Dollar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Moves Sharply Lower. Did You Expect It?

Posted: 09 Jun 2011 06:19 AM PDT

If I told you there would be weaker Initial Claims. Trichet used the code word "strong vigilance" and raise growth and inflation forecasts.  Most would think the EURUSD would have benefitted. It did not. The EURUSD initiallly rose but then came off hard.   Trichet did say that the ECB will keep up full allotment in refi operations. This may suggest that although rate increase may be forthcoming, the fear of the risks from problems requires continued support.  The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 09 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: 09 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: 09 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: 09 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


Forex – EUR/USD Hits 4-day Low After Trichet, U.S. Data

Posted: 09 Jun 2011 06:17 AM PDT

Forex Pros – The euro erased gains against the U.S. dollar on Thursday, slipping to a four-day low after official data showed that the U.S. trade deficit unexpectedly contracted in April to its lowest level in a year.<br /><br />EUR/USD pulled away from 1.4649, the daily high to hit 1.4526 during European afternoon trade, shedding 0.39%.<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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 09 Jun 2011 06:15 AM PDT

06/09/11 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


EUR/USD Forms Head And Shoulders After ECB’s Meeting And Trichet’s Speech

Posted: 09 Jun 2011 06:14 AM PDT

The EUR/USD, GBP/USD, and EUR/GBP Ahead of the BoE and ECB (6/8 Video)
EUR/USD

Short to Medium-Term- The EUR/USD didn't have that much of a reaction when the ECB held the minimum bid rate at 1.25%.
- However in anticipation to Trichet's speech, the market started to shake. After about 15 minutes, the market settled to the downside for the Euro across the board. The reaction was eur-negative despite a signal for July rate hike.
- The EUR/USD is seen in the 4H chart forming a head and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Goodrich Plans Facility Closure

Posted: 09 Jun 2011 06:11 AM PDT

Goodrich Corporation (NYSE:GR) planned to shut down its Marble Avenue landing gear facility in Cleveland, Ohio by the end of 2012. The company decided to close the factory due to a decrease in number of programs and lack of appropriate labor to fill the capacity that is cost-effective.
Goodrich supplies a wide range of landing gear equipment to commercial and military customers with the help of approximately 400 employees. The activities currently performed at Marble Avenue will be gradually … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Drops Even As Trichet Hints At July Rate Hike

Posted: 09 Jun 2011 06:09 AM PDT

Heading into this meeting we were looking for the magic words in Trichet's statement – whether he uses the phrase "strong vigiilance" – to signal a rate hike in the following meeting in July. Take a look at our assessment prior to the release.
Trichet citing upward risks to inflation did in fact utter the phrase, but surprisingly enough the result was the EUR sliding following the release. A bit of "buy the rumor, sell the news" at work as traders that bought on the first sing of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Diamond Foods

Posted: 09 Jun 2011 06:06 AM PDT

Recently, specialty retailer Diamond Foods, Inc. (NASDAQ:DMND) announced its financial results for the third quarter of 2011.
Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we will cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Review
Diamond Foods third-quarter fiscal 2011 earnings of 52 cents per share grew a robust 73.3% from the prior-year earnings of 30 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Videoconferencing: New Battlefield

Posted: 09 Jun 2011 06:06 AM PDT

The unified collaborative solutions market offering videoconferencing and telepresence, is becoming extremely competitive day by day. Videoconferencing becomes one of the utmost necessities for large enterprises to reduce costs when the economy has started to recover from severe recession. This makes high-definition telepresence solutions a cost-induced alternative in an increasingly interactive world.
Several industry researchers forecasted that the videoconferencing market stands to gain in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jobless Claims Disappoint

Posted: 09 Jun 2011 06:06 AM PDT

Weekly Jobless Claims increased more than expected to 427 thousand last week, maintaining the negative trend in this key series that has taken hold since early April. The 4-week average, which smooths out the series’ inherent week-to-week volatility, dropped by 2750 to 424 thousand. This weak Jobless Claims read will feed into the ongoing concerns about the economy’s growth momentum. Last Friday’s disappointing jobs report made this growth question the key issue for the market.

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


Shell’s Pearl Project Could Change Global Energy Landscape

Posted: 09 Jun 2011 05:59 AM PDT

Shell's Pearl Project Could Change Global Energy Landscape
by Tony D'Altorio, Investment U Research
Thursday, June 9, 2011
Something big is happening in the desert of Qatar. A huge structure is taking shape. It's a structure that may help change the global energy landscape.
It's called Pearl and it's a gas-to-liquids plant being built by Royal Dutch Shell (NYSE: RDS.A) and partner Qatar Petroleum with the help of more than 52,000 workers. This huge mass of concrete, steel and cables … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Initial Jobless Claims Rise Unexpectedly

Posted: 09 Jun 2011 05:55 AM PDT

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 4 rose by 1K to a seasonally adjusted 427K from 426K in the preceding week, whose figure was revised up from 422K.<br /><br />Analysts had expected initial jobless claims to fall by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Can’t Shake That ‘Walking Pneumonia’ Economy

Posted: 09 Jun 2011 05:49 AM PDT

Have you ever had walking pneumonia? Not a lot of fun, right?
You might be able to operate but your inability to fully inhale is a real drag. I had a bout of walking pneumonia a few years back but was fortunate to get over it in about a month. If only our 'walking pneumonia' economy were just that lucky.
I first described our domestic economy as sufferring from this malady in early 2010 when I wrote U.S. Economy = "Walking Pneumonia".
Going on 15 months later we continue to languish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Trades In Volatile Fashion. Moves Sharply Lower.

Posted: 09 Jun 2011 05:48 AM PDT

Trichet signalled strong vigilance in his comments. This has signalled a rate increase in futue meetings. THe EURUSD moved higher intially but has since moved sharply lower breaking below the lows fo rhte week and heads for the 200 hour MA at the 1.4503 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Trade Deficit Narrows Unexpectedly In April

Posted: 09 Jun 2011 05:47 AM PDT

Forex Pros – The U.S. trade deficit narrowed unexpectedly in April, official data showed on Thursday.<br /><br />In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD43.7 billion in April, compared to a deficit of USD46.8 billion in March, whose figure was revised from a deficit of USD48.2 billion.<br /><br />Analysts had expected the U.S. trade deficit to widen to USD48.8 billion in April.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canada Trade Deficit Widens Unexpectedly In April

Posted: 09 Jun 2011 05:42 AM PDT

Forex Pros – Canada&rsquo;s trade deficit widened unexpectedly in April, official data showed on Thursday.<br /><br />In a report, Statistics Canada said that Canada&rsquo; trade surplus widened to CAD0.9 billion in April, after posting a deficit of CAD0.4 billion in March, whose figure was revised down from a surplus of 0.6 billion. <br /><br />Analysts had expected Canada&rsquo;s trade balance to post a surplus of CAD0.5 billion. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Stock Futures Add To Gains After Data; Dow Up 0.35%

Posted: 09 Jun 2011 05:35 AM PDT

Forex Pros – U.S. stock futures pointed to a higher open on Thursday, amid increased merger and acquisition activity, while markets digested weekly data on first-time jobless claims and a report on the nation&rsquo;s trade deficit.&nbsp;&nbsp; <br /><br />Dow Jones Industrial Average futures pointed to a gain of 0.35%, the S&amp;P 500 futures added 0.45%, while Nasdaq 100 futures indicated an increase of 0.35%.&nbsp;&nbsp;&nbsp;&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dow Agrosciences Buys Prairie Brand

Posted: 09 Jun 2011 05:25 AM PDT

Chemical giant The Dow Chemical Company's (NYSE:DOW) wholly owned subsidiary Dow AgroSciences LLC, intends to acquire the Prairie Brand Seed brand and marketing assets of Sansgaard Seed Farms Inc. for an undisclosed amount.
In addition to the Prairie Brand, Dow AgroSciences will also acquire the land, buildings and equipment, which would grow under Dow AgroSciences' seed business while expanding its broad range of product offerings. The transaction is expected to close in the near … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USDCHF Surges Higher And Now USDCHF Falls Back Down

Posted: 09 Jun 2011 05:19 AM PDT

The USDCHF moved above resistance earlier today as defined by the 100 hour MA and the trendline resistance. Price surged higher and tested the 38.2% retracement level in the process. The price has now rotated back down – falling below the 0.8385 level (another level developed over the last few days). The fall has moved back to the 100 hour MA at the 0.8361 level.
Focus will be on the EURUSD as Trichet comments scroll on the newswires. For those trading the USDCHF, the 100 hour MA will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Remains In Bullish Channel After The BoE Meeting

Posted: 09 Jun 2011 05:18 AM PDT

The EUR/USD, GBP/USD, and EUR/GBP Ahead of the BoE and ECB (6/8 Video)
GBP/USD

Short-Term- The GBP/USD remains in an upwards channel after the BoE announced that it was holding the official bank rate to 0.50%, as expected. Before that it was regressing towards the 1H 200SMA. This was near a bunch of pivots and provided support. The RSI shows slightly bullish momentum, and the event risk did not shake up anything.
- If the market can push back above 1.6470, we have confirmation of bullish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Employment Report Underwhelms, AUD Breaks Support

Posted: 09 Jun 2011 05:12 AM PDT

The Aussie had another session of declines, extending losses seen in yesterday's global session, and moving below recent support at the 1.06 area. The main catalyst for the decline overnight was a softer than expected reading from the labor market.

The Australian economy added 7,800 jobs in May, though looking deeper at the data that was a result of an increase in temporary hiring as the report showed that the economy shed 22,000 full-time positions during the month. In April, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower Vs. Rivals As ECB Press Conference Eyed

Posted: 09 Jun 2011 05:11 AM PDT

Forex Pros – The U.S. dollar remained broadly lower against its major counterparts on Thursday,&nbsp; as investors awaited a key press conference by the president of the European Central Bank after the bank&rsquo;s rate setting meeting earlier in the day.<br /><br />During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.21% to hit 1.4614.<br /><br />Earlier in the day, the ECB left its benchmark interest rate unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil To Re-couple With S&P 500, Gold Positioning Still Indecisive

Posted: 09 Jun 2011 05:04 AM PDT

Commodities – Energy
Crude Oil Set to Re-Couple with S&P 500
WTI Crude Oil (NY Close): $100.74 // +1.65 // +1.67%
Crude prices managed to decouple from the selloff in equities again yesterday after rumors that OPEC would raise their output quota were disappointed and official DOE inventory figures broadly reinforced preliminary reports showing US stockpiles saw a hefty drawdown last week. On balance, the disconnect seems inherently temporary considering the overall path of the WTI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Central Bank Keeps Interest Rate At 1.25%

Posted: 09 Jun 2011 04:48 AM PDT

Forex Pros – The European Central Bank kept its benchmark interest rate unchanged for the third consecutive month in June, it announced on Thursday.<br /><br />The ECB said it was maintaining the benchmark interest rate at 1.25%, in a widely expected move.<br /><br />ECB president Jean-Claude Trichet was to comment on the decision at a press conference later in the day.<br /><br />Following the announcement, the euro was up against the U.S. dollar, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Pauses After Hard Break Below Range Support

Posted: 09 Jun 2011 04:32 AM PDT

AUD/USD Bounces off Range Support (6/8)
AUD/USD

- The AUD/USD continues to decline. After a 3 wave rally from range support, the Aussie dipped in the strongest 1H candle yet since the RBA meeting earlier in the week. This candle broke below the support area of 1.0585-1.0590, but was then followed by sideways action.
- The 4H chart shows the AUD/USD suppoted above the 61.8% retracement level even though it has broken recent lows.
- The RSI shows at least a break of bullish momentum with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Steady After BoE Holds Pat On Rates

Posted: 09 Jun 2011 04:20 AM PDT

Forex Pros – The pound was almost unchanged against the U.S. dollar on Thursday, after the Bank of England held interest rates unchanged at the record low of 0.5%, in a widely expected decision.<br /><br />GBP/USD hit 1.6466 during European early afternoon trade, the pair&rsquo;s highest since Tuesday; the pair subsequently consolidated at 1.6417, easing up 0.09%.<br /><br />Cable was likely to find support at 1.6323, Tuesday&rsquo;s low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bank Of England Holds Benchmark Interest Rate At 0.50%

Posted: 09 Jun 2011 04:04 AM PDT

Forex Pros – The Bank of England kept its benchmark interest rate unchanged for the 27th consecutive month in June, it announced on Thursday.<br /><br />The bank said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.<br /><br />The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP200 billion.<br /><br />The minutes of the meeting of the bank&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Trims Gains As ECB Press Conference Eyed

Posted: 09 Jun 2011 03:46 AM PDT

Forex Pros – The euro trimmed gains against the U.S. dollar on Thursday, easing back from the daily high as investors awaited a key press conference by the European Central Bank president after the bank&rsquo;s rate setting meeting later in the day.<br /><br />EUR/USD pulled away from 1.4646, the daily high to hit 1.4599 during European morning trade, still up 0.11% on the day.<br /><br />The pair was likely to find support at 1.4450, the low of June 3 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wheat Futures Advance As USDA Supply Report Eyed

Posted: 09 Jun 2011 03:40 AM PDT

Forex Pros – Wheat futures were up for a second day on Thursday, amid ongoing concerns over deteriorating U.S. wheat crop conditions and as markets awaited the release of a key monthly report on U.S. and global wheat supplies. <br /><br />On the Chicago Mercantile Exchange, wheat futures for July delivery traded at USD7.5788 a bushel during European morning trade, jumping 1.4%. <br /><br />It earlier rose to USD7.5962 a bushel, the highest price since June 6.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No comments:

Post a Comment