Thursday, June 2, 2011

DailyMarkets.com - PDLI Guides Q2 Revenues Of $128M

DailyMarkets.com - PDLI Guides Q2 Revenues Of $128M

PDLI Guides Q2 Revenues Of $128M

Posted: 02 Jun 2011 07:40 AM PDT

PDL BioPharma Inc.(NASDAQ:PDLI) recently announced that it expects to generate second-quarter 2011 revenues of $128.0 million, representing an increase of 7% over the year-ago revenues of $120.0 million.
Presently, PDL receives royalty on worldwide net sales of Roche Holdings Ltd.’s (RHHBY) Avastin and Herceptin; Roche and Novartis AG's (NYSE:NVS) Lucentis, and Elan Corporation (NYSE:ELN) and Biogen Idec's (NASDAQ:BIIB) Tysabri. While the royalty payments are tiered in the US, PDL receives a flat 3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

News Corp. To Reach A Consensus

Posted: 02 Jun 2011 07:35 AM PDT

Citing the name of Jonathan Miller, head of News Corp.'s digital media group, Bloomberg reported that News Corp. (NWSA), a diversified global media company, seeks to reach a strategic decision regarding the future prospects of MySpace, its social networking site, in two weeks.
News Corp. had acquired the Beverly Hills, California-based MySpace in 2005 for a price of $580.0 million. Earlier, the company employed Allen & Co., a New York-based investment bank, to advice about the strategic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jobless Claims Remain Above 400K, Productivity Revised Higher, Labor Costs Lower

Posted: 02 Jun 2011 07:14 AM PDT

US jobless claims continue to remain above the 400K level, as expected. Economists generally think the economy is adding more jobs than it is shedding once the weekly claims figure falls below 400,000.
Jobless claims fell to 422K for the week ended May 28th, down 6K from the upwardly revised 428K seen the previous week.
From Bloomberg: "Jobless claims fell by 6,000 to 422,000 in the week ended May 28, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VMware Acquires Socialcast

Posted: 02 Jun 2011 07:05 AM PDT

VMware Inc.(NYSE:VMW), a leading provider of virtualization and infrastructure software solutions, recently acquired social collaboration provider Socialcast. However, the terms of the deal were not disclosed.
Based in San Francisco, Socialcast is a leading provider of social collaboration solutions for enterprises and enables communication within the business network by combining the people, information and enterprise applications. Companies such as Avaya, Humana Inc. (NYSE:HUM), Nokia Corp (NYSE:NOK), … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Factory Orders Slump More-than-expected In April

Posted: 02 Jun 2011 07:03 AM PDT

Forex Pros – U.S. factory orders rose slumped more-than-expected in April, official data showed on Thursday. <br /><br />In a report, the U.S. Census Bureau said factory orders fell by a seasonally adjusted 1.2% in April, after jumping 3.8% in March, whose figure was upwardly revised from a 3.0% gain. <br /><br />Economists had expected U.S. factory orders to decline by 0.7% in April.<br /><br />Following the release of the data, the U.S. dollar was down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Erase Losses Ahead Of Inventory Data

Posted: 02 Jun 2011 06:56 AM PDT

Forex Pros – Crude oil futures erased losses on Thursday, rebounding from a six-day low as a broadly weaker U.S. dollar boosted prices, while markets awaited key data on U.S. crude oil inventories.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD100.27 a barrel during U.S. morning trade, climbing 0.4%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell as much as 0.55% to trade at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Topic Reports Positive Comps

Posted: 02 Jun 2011 06:55 AM PDT

Hot Topic Inc. (HOTT) reported positive same-store sales for the month of May following a robust 10.5% growth in the sequentially preceding period. Same-store sales in May came in at 0.4% compared with a fall of 9.0% in the year-earlier period.
The company reported the second consecutive month of positive results of same-store sales after 23 straight months of negative comparables.  Prior to it, the company had last registered same-store sales growth of 3.1% way back in April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Eases Up As U.S. Outlook Weighs On Sentiment

Posted: 02 Jun 2011 06:44 AM PDT

Forex Pros – The U.S. dollar edged higher against its Canadian counterpart on Thursday, easing up to a one-week high as concerns that U.S. growth is faltering curbed demand for higher yielding currencies.<br /><br />USD/CAD hit 0.9800 in early U.S. trade, the pair&rsquo;s highest since May 26; the pair subsequently consolidated at 0.9787, easing up 0.16%.<br /><br />The pair was likely to find support at 0.9666, Wednesday&rsquo;s low and short-term resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Waters’ New UPLC System

Posted: 02 Jun 2011 06:35 AM PDT

Waters Corporation (NYSE:WAT) launched the next generation UltraPerformance LC separations technology called Waters® ACQUITY UPLC® I-Class System. This is the highest performing UPLC® system among all the systems engineered till now, featuring the lowest system dispersion and lowest carryover in the industry. With low dispersion peak capacity of the system is maximized, which advances chromatographic separations and optimizes the performance of any mass spectrometer.
The increasing research … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Aecom Technology, Amazon.com, Daktronics, Dr Pepper Snapple Group, Inc, EBay, Goldman Sachs Group, H.J. Heinz Company, Telvent GIT, S.A.

Posted: 02 Jun 2011 06:35 AM PDT

    Shares of H.J. Heinz Co (NYSE:HNZ) were downgraded by Goldman Sachs (NYSE:GS) from “Neutral” rating to “Sell” rating and its target price lowered to $49 from $53

    Share prices of Daktronics, Inc. (NASDAQ:DAKT) increased 9.21% after the company posted better than expected fourth quarter earnings results. Daktronics are makers of electronic scoreboards and billboards

    Diet-pill developer Orexigen Therapeutics, Inc’s (NASDAQ"OREX) share prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Waiting For Friday’s Jobs Report

Posted: 02 Jun 2011 06:35 AM PDT

The market is justifiably nervous about the economy’s growth momentum. The expectation earlier on was that the first quarter’s sub-par growth pace was due to transitory factors that will get reversed in the second and subsequent quarters. But over the last month or so we started seeing a slew of weak economic readings indicating that the first-quarter softness has continued into the current period.

Even as GDP growth estimates for the current quarter have started coming down in recent days, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Interactive Reports Mixed Metrics

Posted: 02 Jun 2011 06:35 AM PDT

On Wednesday, Interactive Brokers Group Inc. (NASDAQ:IBKR) reported mixed monthly performance data for its business segment, Electronic Brokerage, for the month of May. The segment clears and settles trades globally for both individual and institutional clients.
Total customer accounts for the month of May were 173,300, up about 2% from 170,700 in April 2011 and 20% from 144,400 in May 2010. However, the total customer Daily Average Revenue Trades (DARTs) stood at 420,000, up 4% from the prior month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 02 Jun 2011 06:18 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: 02 Jun 2011 06:18 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: 02 Jun 2011 06:18 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: 02 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

California’s $100,000 Club’s Explosive Growth

Posted: 02 Jun 2011 06:15 AM PDT

While many clubs in our nation continue to suffer from declining membership rolls, there is one "club" experiencing explosive growth. What makes the entrance into this club so special is the ability of the members to curry favor with those controlling the purse strings. Smell a little funny? Just a little? See the real entrance into this club is effectively a circuitous system of 'payoffs' and 'kickbacks' with the ultimate costs borne by average American citi (NYSE:C)zens.
What club is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 02 Jun 2011 06:15 AM PDT

06/02/11 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

GBP/JPY Breaks Channel Support And Stalls; Has 130.30, 129 And 128.10 In Sight

Posted: 02 Jun 2011 06:14 AM PDT

Yen-Strength Throws GBP/JPY Back at Rising Channel Support (6/1)
GBP/JPY

Short-Term to Medium-Term
- The GBP/JPY is seen in the 4H chart breaking below a rising channel. However it has since stalled, and the RSI has not tagged 30 to show bearish momentum.
- One good clue for the bearish outlook in the short-term is the price action we saw leading to the breakout. The 133.50 pivot is very important. A break back above that lessens the chances of the short-term bearish outlook, and brings back … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: European Commentary, Poor US Jobs Data Boosts Euro

Posted: 02 Jun 2011 06:12 AM PDT

The Euro pared back some of its loses in May on Thursday, leading the pack of the major currency pairs on commentary out of the European Union and poor jobs data out of the United States. The upswing in the Euro-Dollar pair began mid-Wednesday, despite news out of Europe that Moody's Investor Services would be downgrading the embattled Mediterranean nation once more, with the Greek rating falling from B1 to Caa1.
While data was thin in the overnight session, figures released in the pre-North … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Polycom’s Strategic Move

Posted: 02 Jun 2011 06:05 AM PDT

In a major strategic move yesterday, Polycom Inc. (NASDAQ:PLCM), a market leader in the video conferencing solutions in the world, has taken quite a number of decisions to consolidate its market position.
(1) Polycom has formed a consortium of open video exchange cloud with 14 leading telecom service provider throughout the world. Notable among them are Verizon Communications Inc. (NYSE:VZ), AT&T (NYSE:T), Telefonica S.A. (NYSE:TEF), and Telstra. This consortium will deliver business-to-business (B2B) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zumiez Comps Rise Yet Again

Posted: 02 Jun 2011 06:05 AM PDT

Zumiez Inc. (NASDAQ:ZUMZ), an action sports retailer in the United States, reported comparable store sales for the four-week period ended May 28, 2011. Total net sales for the period increased by a sharp 14.9% to $30.3 million from $26.3 million reported in the four-week period ended May 29, 2010.
For the reported period, comparable store sales jumped 7.8% compared with a rise of 7.1% in the prior-year period. The April results marked the 18th consecutive month of comparable store sales growth.
Hot … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Building In A Bag

Posted: 02 Jun 2011 05:57 AM PDT

Forex – EUR/JPY Extends Gains, Boosted By Trichet Remarks

Posted: 02 Jun 2011 05:54 AM PDT

Forex Pros – The euro extended gains against the yen on Thursday, advancing to a fresh daily high after European Central Bank President Jean-Claude Trichet said Europe should consider strengthening central control of economic policy.<br /><br />EUR/JPY hit 117.14 during European afternoon trade, the daily high; the pair subsequently consolidated at 116.84, surging 0.73%.<br /><br />The pair was likely to find support at 114.67, the low of May 27 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Have A Cigar

Posted: 02 Jun 2011 05:51 AM PDT

Moody's latest ratings downgrade for Greece brings the nation's credit-worthiness to the same level as Cuba and puts default as likely as the outcome of a coin toss. For an advanced European nation whose mainland peninsular is brimming with BMWs that's quite some feat and one worthy of a fine Havana cigar. Quite how the mandarins in Brussels failed to see through the nation's books at the outset – well that's another story. Today German Chancellor Merkel speaking in Singapore … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Q1 Non-farm Productivity Rises In Line With Expectations

Posted: 02 Jun 2011 05:44 AM PDT

Forex Pros – U.S. non-farm productivity rose in line with expectations in the first quarter, official data showed on Thursday.<br /><br />In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity increased by a seasonally adjusted 1.8% in the first quarter, broadly in line with market expectations, compared to preliminary data which showed a 1.6% increase. <br /><br />The report also said unit labor costs rose less-than-expected, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TIPS Breakeven Rate Falls To Five-Month Low

Posted: 02 Jun 2011 05:43 AM PDT

The “breakeven rate” – the difference between 10-year nominal Treasury yields and 10-year Treasury Inflation Protected Securities (TIPS) yields – is one market-based measure of expected future inflation.  As of yesterday the breakeven rate was 2.20%, down 45 basis points from the recent peak of 2.65% on April 11, and the lowest level since mid-December last year (see chart above).  This downward trend in the breakeven rate suggests that inflationary expectations in the bond … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Targets 115.15 After Completing A Gartley

Posted: 02 Jun 2011 05:41 AM PDT

CHF and JPY Gain in a Bout of Risk Aversion (5/26)
EUR/JPY

Short-term
- The 1H EUR/JPY chart shows  corrective rally attempt from roughly 115.75 to 117.10. After a 3-wave, or 2-swing rally, the market completed a Gartley pattern, where the 2 upswings are equal in length, and the swings achieved about a 61.8% retracement in the short-term.
- The RSI shows that the short-term bearish momentum remains as the 1H reading failed to push back above 60 after dipping below 30. This so far looks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Forming Intraday Bull Flag? The Trendlines Are Drawn.

Posted: 02 Jun 2011 05:40 AM PDT

The EURUSD is at a crossroad. ON the 5 minute chart the pair is forming a bull flag (see the chart above).  The price is testing the bottom trendline and should find support against the level.
On the hourly chart below the picture show a reason to expect a rotation back to the downside after testing topside trendline resistance.

Clearly the pair is at a crossroad. The risk however is clearly defined. I would expect that those who are long from the London session will be inclined to take … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Edge Higher As Orbitz Soars; Dow Up 0.1%

Posted: 02 Jun 2011 05:39 AM PDT

Forex Pros – U.S. stock futures pointed to a slightly higher open on Thursday, rebounding from the previous day&rsquo;s sharp decline, as shares in online travel site Orbitz Worldwide soared ahead of the open, while markets digested weekly data on first-time jobless claims.&nbsp;&nbsp; <br /><br />Dow Jones Industrial Average futures pointed to a modest gain of 0.1%, the S&amp;P 500 futures added 0.2%, while Nasdaq 100 futures indicated an increase of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Momentum To Downside Not Maintained. Back In Channel

Posted: 02 Jun 2011 05:35 AM PDT

The 80.76-80.836 level is the upside target and resistance.  Stay below and the downside may be further explored. 
The market is preparing for US Employment and potentially more news for Greece including the Troika report which will outline the progress of the Greek bailout to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Initial Jobless Claims Fall Less-than-expected

Posted: 02 Jun 2011 05:34 AM PDT

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell less-than-expected, 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 May 28 fell by 6K to a seasonally adjusted 422K, down from 428K in the preceding week, whose figure was revised up from 424K.<br /><br />Analysts had expected initial jobless … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Suntech To Launch BlackPearl

Posted: 02 Jun 2011 05:31 AM PDT

Suntech Power Holdings Co. Ltd. (NYSE:STP) is planning to launch a new generation high-efficiency module, STP250S-20/Wd+ BlackPearl at Intersolar, Munich in June 2011.
The BlackPearl 250W product is a 60 cell module comprising 6-inch black square cells having the capacity to supply one of the highest power per weight ratios in the industry. The module has positive power tolerance in the range of +0 to +5% and exceptionally low oxygen content that resists it from light-induced degradation.
As per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Humana Adds Call Center Positions

Posted: 02 Jun 2011 05:25 AM PDT

Humana Inc. (NYSE:HUM) has decided to hire a total of 245 people to its full-time work force at its call centers located in Arizona and Florida.
Separately, Humana has planned to add 105 jobs to its Medicare sales center in Phoenix, Arizona. Including the additions, Humana will currently have about 1,400 employees in Phoenix.
In Florida, Humana will add 140 positions including sales specialists and supervisors, to its national Medicare marketing and telesales call center in Tampa. Including the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rallies On Merkel’s Defense Of The Currency

Posted: 02 Jun 2011 05:24 AM PDT

The EUR got a strong boost today from German Chancellor Angela Merkel, who continued to express support for the Euro currency and said that the problem is one of debt.
From Bloomberg: "We don't have a euro problem in Europe," Merkel said in a speech in Singapore today on the final day of a three-day Asia trip that also took her to India. "We have more of a debt problem. Financial markets doubt whether some EU states can manage their debt in the long-term." Germany is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pre-Market SALES — DGP, NUGT And SIL

Posted: 02 Jun 2011 05:21 AM PDT

I was able to sell 3 of my 4 mining positions in the pre-market this morning. The 4th position will be sold at the market open.

I sold DB Gold Double Long ETN (DGP) for $49.25 and a 2.6% gain. Also sold Direxion Gold Miners 2X Bull (NUGT) for $32.88 and a 2.8% gain. And Global X Silver Miners ETF (SIL) for $25.00 and a 1.2% gain. That just leaves Global X Gold Explorers ETF (GLDX) to be sold at the open.

Overnight the US Dollar made another precipitous 50 basis point fall but gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Down Vs. Most Rivals As U.S. Growth Outlook Weighs

Posted: 02 Jun 2011 05:07 AM PDT

Forex Pros – The U.S. dollar was down against most of its major counterparts on Thursday after a flurry of weak U.S. data reinforced expectations that the Federal Reserve may go ahead with further quantitative easing measures in the months ahead.<br /><br />During European afternoon trade, the greenback was sharply lower against the euro, with EUR/USD jumping 0.93% to hit 1.4461.<br /><br />The euro strengthened broadly after European Central Bank President Jean-Claude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD To Achieve 61.8% Retracement And 161.8% Extension At 1.46

Posted: 02 Jun 2011 05:04 AM PDT

EUR/USD's Positive Reversal Signal in the 1H Chart Targets 1.4470 (6/1)
EUR/USD

Short-Term- The EUR/USD fell to test the 1.43 pivot before surging and taking out yesterday's high. As we head into the US session, the market looks bullish again.
- The Non-Farm Payroll release comes out tomorrow, an event risk for USD-crosses like the EUR/USD.
- Today's rally is likely to see some resistance near 1.46 ahead of the release. This is 61.8% retracement of the decline from 1.4940 to 1.3970.
- … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Gains As U.S. Jobless Claims Data Eyed

Posted: 02 Jun 2011 04:58 AM PDT

Forex Pros – The pound trimmed gains against the U.S. dollar on Thursday, pulling back from the daily high as investors awaited the release of U.S. employment data.<br /><br />GBP/USD eased off 1.6417, the daily high, to hit 1.6370 during European afternoon trade, still up 0.23% on the day.<br /><br />Cable was likely to find support at 1.6130, the low of May 25 and resistance at 1.6495, Wednesday&rsquo;s high.<br /><br />Earlier in the day, the pound … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Jumps To 1-month High After Trichet Remarks

Posted: 02 Jun 2011 04:13 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar on Thursday, rising to a one-month high after European Central Bank President Jean-Claude Trichet said Europe should consider strengthening central control of economic policy.<br /><br />EUR/USD hit 1.4486 during European afternoon trade, the pair&rsquo;s highest since May 6; the pair subsequently consolidated at 1.4463, jumping 0.93%.<br /><br />The pair was likely to find support at 1.4256, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wheat Rebounds From 2-week Low As U.S. Crop Concerns Linger

Posted: 02 Jun 2011 03:23 AM PDT

Forex Pros – Wheat futures were up for the first time in three days on Thursday, rebounding from a two-week low as a combination of ongoing concerns over U.S. crop conditions and a broadly weaker U.S. dollar boosted prices. <br /><br />On the Chicago Mercantile Exchange, wheat futures for July delivery traded at USD7.6812 a bushel during European morning trade, jumping 1.32%. <br /><br />It earlier rose to a daily high of USD7.6988 a bushel. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Worries Fueled By The Faltering Global Economy

Posted: 01 Jun 2011 11:20 PM PDT

By ForexMansion.com
 
As investors started worrying about the US economy, fears started spreading within the broad markets amid speculations the global economic recovery is losing momentum as the support that has been given so far from the U.S. is dropping.
The US economic data played a vital role yesterday in setting a wave of safe heaven trading. The ADP employment change and the ISM manufacturing numbers were both disappointing, fueling believes the U.S. economy is on the verge of a new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For June 03, 2011

Posted: 01 Jun 2011 07:48 PM PDT

By ForexMansion.com
The New Zealand dollar is still dropping in a correctional movement against its US major counterpart after it recorded the highest level in more than two decades as cheerful fundamental data from New Zealand economy were released.
The Kiwi continues its downside movement versus the greenback as Fonterra Cooperative Group Ltd., the world's largest dairy exporter, said whole milk powder prices fell at an auction to the lowest in more than four months.
At the meantime, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For June 03, 2011

Posted: 01 Jun 2011 07:47 PM PDT

By ForexMansion.com
The Australian dollar witnessed fluctuation waves between the upside movement and the downside movement, where the AUD has inclined after the Australian retail sales advanced in the first quarter amid the natural disaster results that forced the nation's growth to contract in 1Q of this year, signaling the Australian economic recovery could rebound in the three months through June.
The Australian economy confirmed today that the economic recovery will rebound in the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For June 3, 2011

Posted: 01 Jun 2011 07:45 PM PDT

By ForexMansion.com
The USD/JPY pair entered another consolidation area during this week, as the Japanese yen lost the upside momentum and the greenback is facing a disappointing set of fundamentals about the U.S. economy.
The Japanese yen has lost steam after the gloomy data regarding domestic spending and the industrial sector in Japan. On the other hand, Japan’s Prime Minister Naoto Kan is about to face a no-confidence vote regarding the Fukishima nuclear crisis.
The Japanese currency … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For June 3, 2011

Posted: 01 Jun 2011 07:44 PM PDT

By ForexMansion.com
The AUD/NZD pair bounced back after cheerful data from Australia, which supported the Aussie versus the greenback, while the New Zealand dollar entered a correctional movement to erase some of its previous gains.
The Australian retail sales during April increased by 1.1% after a previous drop of 0.5%, the better than forecasted reading drove the Aussie stronger against other majors.
On the other hand, the Australian trade surplus narrowed to A$1597 million during the month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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