DailyMarkets.com - TowerJazz Eyes Record Revenue |
- TowerJazz Eyes Record Revenue
- Time Warner Plans Inorganic Growth
- TiVo Unveils New Products
- HON To Acquire EMS Tech.
- Theravance Remains Neutral
- CMS Decision Due On Provenge
- Archer Spreads Its Wings In China
- Forex – EUR/USD Pulls Back From 2-day High After U.S. Data
- U.S. Business Inventories Rise Less-than-expected
- US Stocks Open Higher, Will Risk Appetite Undercut USD Further?
- Crude Oil Futures Extend Gains After U.S. Data
- NZD/USD Maintains Bearish Momentum And Signals Continuation To The Downside
- A New Age Of Energy Abundance In The U.S.
- Adams, Obama, And Asness On The Rule Of Law
- Stock Market News Briefs: Credit Suisse Group, EMS Technologies, Fairchild Semiconductor International, Gerber Scientific, Goldman Sachs Group, Benton Oil And Gas Company, Honeywell International, Ness Technologies, Pinnacle West Capital, Timberland Company, Transatlantic Holdings, V.F., Wendy’s International
- Gaming Industry Shrinks In May
- China Reassures On Growth
- Forex – USD/CAD Hits 9-day Low After U.S., Canadian Economic Data
- Inflation Data, From China To The U.S., Boosts Risk-Appetite
- Swiss Franc: The Downside Prevails
- Japanese Yen: Under Pressure
- British Pound: Under Pressure
- Euro: The Downside Prevails
- Forex Trading: USDJPY Tries The Upside. Breaks To Upside. High From Yesterday Targeted Next
- USD/CHF Possibly In Wave C Of A Zig Zag Correction
- GOL’s Demand Grows, Aims Improvement
- E*TRADE Upgraded To Outperform
- ABB Wins Arabian Contract For GIS
- Forex – USD/JPY Extends Gains After U.S. Inflation Data
- US Retail Sales Slide In May But Still Better Than Anticipated
- U.S. PPI Rises Slightly More-than-expected In May
- U.S. Core Retail Sales Rise More-than-expected
- U.S. Retail Sales Fall Less-than-expected In May
- Positive Economic News From Europe
- U.S. Stock Futures Rally After U.S., China Data; Dow Up 0.8%
- Stalking EUR/USD’s Pullback From 1.4320
- Markets In Everything: Food Truck Catering
- Comcast Brings Skype On TV
- Data From China Shows Country May Avoid “Hard Landing”, Tentative Risk-On As A Result
- Lockheed To Provide MK 41 Systems
- Forex – Dollar Broadly Lower Vs. Rivals As U.S. Data Eyed
- One Late Payment Caused All That – WOW
- Oil Prices: Headed Up Or Down?
- Forex – GBP/USD Pares Gains After U.K. Inflation Data
- USD/CAD Could Be Completing A Wedge; Swing Projection Targets 0.99
- Forex – EUR/USD Extends Modest Gains, Boosted By Chinese Data
- Forex News – Eyes On Greece And The U.S. Data
- USD/JPY Daily Fundamental Analysis For May 15, 2011
- NZD/USD Daily Fundamental Analysis For June 15, 2011
- AUD/USD Daily Fundamental Analysis For June 15, 2011
- AUD/NZD Daily Fundamental Analysis For May 15, 2011
| Posted: 14 Jun 2011 08:02 AM PDT Ken Nagy, CFA On June 13, 2011 TowerJazz (TSEM) forecast quarterly revenue to be between $136 million and $142 million. Should the firm hit the mid-range of the forecast it would be record high and represents a 15% increase from $120.6 million in the first quarter and 11% growth year-over-year. TowerJazz is a pure-play semiconductor wafer foundry with two IC plants in Israel and one in California, that manufacture SiGe, MEMS, RF, embedded flash-based memory, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Time Warner Plans Inorganic Growth Posted: 14 Jun 2011 08:02 AM PDT Time Warner Cable Inc. (NYSE:TWC), the second-largest cable operator in the U.S. after Comcast Corporation (NASDAQ:CMCSA), is planning to acquire cable operation from NewWave Communications. The transaction is expected to cost Time Warner $260 million and will be closed by the end of 2011, subject to regulatory approvals.
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| Posted: 14 Jun 2011 08:02 AM PDT A developer of advanced television services and digital video recorders (DVR) TiVo Inc. (TIVO), unveiled two new products at the 2011 NCTA Cable Show in Chicago. The products "Premiere Q" and "Preview" will join TiVo’s existing advanced television solutions offered to cable operators.
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| Posted: 14 Jun 2011 07:35 AM PDT Honeywell International Inc. (NYSE:HON) is all set to expand its Automation and Control Solutions (ACS) and Aerospace businesses with its mutually agreed planned acquisition of EMS Technologies Inc. EMS Technologies is a leading provider of connectivity solutions for mobile networking, rugged mobile computers, and satellite communications.
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| Posted: 14 Jun 2011 07:35 AM PDT We have maintained our Neutral recommendation on Theravance, Inc. (NASDAQ:THRX) with a target price of $24.00 per share following the announcement of first quarter 2011 financial results.
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| Posted: 14 Jun 2011 07:05 AM PDT Dendreon Corporation (NASDAQ:DNDN) awaits a key event at the end of this month, as the Centers for Medicare & Medicaid Services (CMS) is due to declare its final decision on whether it will allow reimbursement for Dendreon's potential blockbuster vaccine, Provenge, for the treatment of advanced prostate cancer.
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| Archer Spreads Its Wings In China Posted: 14 Jun 2011 07:05 AM PDT One of the leading food processing companies in the world Archer Daniels Midland Company (NYSE:ADM), in its streak to enhance its global footprints, has opened a new feed premix plant in Tianjin, China, under its wholly owned subsidiary ADM Alliance Nutrition Inc.
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| Forex – EUR/USD Pulls Back From 2-day High After U.S. Data Posted: 14 Jun 2011 07:05 AM PDT Forex Pros – The euro pulled away from a two-day high against the U.S. dollar on Tuesday, after U.S. data showed that producer prices posted a large annualized gain last month, while retail sales fell less-than-expected.<br /><br />EUR/USD pulled away from 1.4472, the pair’s highest since Friday, to hit 1.4437 during early U.S. trade, still up 0.16% on the day.<br /><br />The pair was likely to find support at 1.4319, Monday’s low and a seven-day … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Business Inventories Rise Less-than-expected Posted: 14 Jun 2011 07:02 AM PDT Forex Pros – U.S. business inventories rose slightly less-than-expected in April, official data showed on Tuesday.<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 1.0%. <br /><br />Analysts had expected U.S. wholesale inventories to rise by 0.9% 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
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| US Stocks Open Higher, Will Risk Appetite Undercut USD Further? Posted: 14 Jun 2011 06:54 AM PDT US stocks rallied at the beginning of NY trading, adding to the sense of risk appetite we saw from the Asian and European sessions, that carried over following Chinese data.
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| Crude Oil Futures Extend Gains After U.S. Data Posted: 14 Jun 2011 06:46 AM PDT Forex Pros – Crude oil futures extended gains on Tuesday, after a flurry of economic data from the U.S. and China eased concerns over a slowdown in oil demand from the world’s two largest consumers.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD97.70 a barrel during U.S. morning trade, climbing 0.86%. <br /><br />It earlier rose to a daily high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| NZD/USD Maintains Bearish Momentum And Signals Continuation To The Downside Posted: 14 Jun 2011 06:45 AM PDT NZD/USD Slides Sharply and Breaks Trendline from Mid-May (6/13) Short-term to Medium-term- After a sharp rally to start the week, the NZD/USD found support at 0.8115. A rally ensued, but this rally could not push the 1H RSI reading above 60, suggesting maintenance of the bearish momentum.
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| A New Age Of Energy Abundance In The U.S. Posted: 14 Jun 2011 06:37 AM PDT According to data released recently by the Energy Information Administration, U.S. natural gas production set a new monthly record in March of 2.4 trillion cubic feet (see chart abvoe). This production record is another new milestone for the ongoing success of the hydraulic fracturing method of extracting natural gas from deep shale rock that is bringing about a new age of energy abundance in the United States. The booming natural gas production is also helping to create thousands of new jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Adams, Obama, And Asness On The Rule Of Law Posted: 14 Jun 2011 06:34 AM PDT "We are a nation of laws and not of men."
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| Posted: 14 Jun 2011 06:31 AM PDT Share prices of Transatlantic Holdings (NYSE:TRH) climbed 9.50% after the reinsurer announced it was merging with Switzerland based reinsurer World Assurance Company Holdings AG AWH in a deal worth $3.2 billion On Monday, Wendy’s/Arby’s Group (NYSE:WEN) announced it was selling its Arby’s restaurant business to a buyer formed by Roark Capital. Atlanta-based Arby’s is the second largest quick service sandwich chain in the U.S. Honeywell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gaming Industry Shrinks In May Posted: 14 Jun 2011 06:31 AM PDT Just a month after posting robust sales in April 2011, the video games industry fell off the cliff to a new low since October 2006, in May. According to market research company, The NPD Group, US retail sales of the video game industry shrank 14% in May 2011 from the comparable previous year to $743.1 million.
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| Posted: 14 Jun 2011 06:31 AM PDT We have a busy economic calendar this morning, with Retail Sales and Wholesale inflation readings for May. Beyond the U.S. shores, we have key economic news out of China as well. The overall positive tone of these reports, particularly the Chinese news, should give stocks a positive nudge after persistent weakness in recent days. Let’s take the positive Chinese news first. Typically, monetary tightening in China (as elsewhere) would be considered a net-negative, as it would increase the odds … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CAD Hits 9-day Low After U.S., Canadian Economic Data Posted: 14 Jun 2011 06:24 AM PDT Forex Pros – The U.S. dollar extended losses against its Canadian counterpart on Tuesday, after reports showing that U.S. producer prices posted a large annualized gain last month, while Canada’s industrial capacity increased in the first quarter.<br /><br />USD/CAD hit 0.9698 during early U.S. trade, the pair’s lowest since June 1; the pair subsequently consolidated at 0.9711, shedding 0.47%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Inflation Data, From China To The U.S., Boosts Risk-Appetite Posted: 14 Jun 2011 06:24 AM PDT The commodity currencies were among the biggest gainers headed into the North American session as inflation data from China, the United Kingdom and the United States boosted risk-appetite in the overnight. The Canadian Dollar and the Australian Dollar were the two biggest gainers, respectively, on the heels of the consumer price index data for May from China and the United Kingdom, showing that inflation continued to retain its grip on both economies.
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| Swiss Franc: The Downside Prevails Posted: 14 Jun 2011 06:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jun 2011 06:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jun 2011 06:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jun 2011 06:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDJPY Tries The Upside. Breaks To Upside. High From Yesterday Targeted Next Posted: 14 Jun 2011 06:12 AM PDT The USDJPY is also trying to push the upside. The price has moved above trendline resistance at the 80.40 level and the earlier high for the day. The price has also moved above the 38.2% of the move down from the May 31st high to the low on June 8th. That level comes in at 80.479. The upside from yesterday is the next upside target at the 80.68. The 50% level comes in at 80.724.
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| USD/CHF Possibly In Wave C Of A Zig Zag Correction Posted: 14 Jun 2011 06:07 AM PDT USD/CHF Respects 0.8645 Resistance; Swing Projection Targets Fresh Low at 0.8155 (6/13) Short-Term to Medium-Term- The failure to break below 0.8326 and the inability to push the RSI reading in the 4H chart back below 40 makes the case for bearish continuation that was suggested yesterday – suspect.
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| GOL’s Demand Grows, Aims Improvement Posted: 14 Jun 2011 06:06 AM PDT GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL) recorded a y-o-y demand growth of 12.3% and 16.7% on its domestic and international route network, respectively. GOL's total load factor reached 62.9% in May, up 5.0 percentage points year over year while yield remained close to R$19.00 cents. The company aims to improve aircraft productivity in order to leverage the global aviation demand.
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| E*TRADE Upgraded To Outperform Posted: 14 Jun 2011 06:05 AM PDT We have upgraded our recommendation on E*Trade Financial Corporation(NASDAQ:ETFC) to Outperform from Neutral based on improved first-quarter 2011 results.
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| ABB Wins Arabian Contract For GIS Posted: 14 Jun 2011 06:05 AM PDT ABB Ltd. (NYSE:ABB) has been awarded a contract to provide 380 kilovolt (kV) indoor gas-insulated switchgear (GIS) for new substations in Saudi Arabia, which will power the 444-km long high-speed Haramain rail line currently under construction. The contract has been received from AlFanar Construction Co. and is valued at $85 million.
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| Forex – USD/JPY Extends Gains After U.S. Inflation Data Posted: 14 Jun 2011 06:03 AM PDT Forex Pros – The U.S. dollar extended gains against the yen on Tuesday, rising to a fresh daily high, after official data showed that producer prices in the U.S. posted a large annualized gain last month.<br /><br />USD/JPY hit 80.58 during European afternoon trade, the daily high; the pair subsequently consolidated at 80.52, gaining 0.35%.<br /><br />The pair was likely to find support at 79.83, the low of June 9 and resistance at 81.00, the high of June 3.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| US Retail Sales Slide In May But Still Better Than Anticipated Posted: 14 Jun 2011 06:01 AM PDT US data today showed retail sales down 0.2% in May, as consumers pulled back on their spending on autos during the month. However this was better than some of the forecasts out there as Bloomberg expected a 0.5% drop, and Dow Jones Newswire forecast a 0.6% decline. Therefore this report can be considered better than expected, but the internals are still not pretty. The headline figure for April was revised lower to show a 0.3% increase compared to the originally reported 0.6% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. PPI Rises Slightly More-than-expected In May Posted: 14 Jun 2011 05:46 AM PDT Forex Pros – ucer price inflation in the U.S. rose slightly more-than-expected in May, official data showed on Tuesday.<br /><br />In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.2% in May, after rising by 0.8% in April. <br /> <br />Analysts had expected PPI to increase by 0.1% in May.<br /><br />According to the data, the producer price index rose at an annualized rate of 7.3% in May, after advancing at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Core Retail Sales Rise More-than-expected Posted: 14 Jun 2011 05:45 AM PDT Forex Pros – U.S. core retail sales rose more-than-expected last month, official data showed on Tuesday.<br /><br />In a report, Census Bureau said that U.S. core retail sales rose to a seasonally adjusted 0.3%, from 0.6% in the preceding month.<br /><br />Analysts had expected U.S. core retail sales to rise 0.2% last month.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Retail Sales Fall Less-than-expected In May Posted: 14 Jun 2011 05:43 AM PDT Forex Pros – Retail sales in the U.S. fell less-than-expected in April, declining for the first time in 11 months, official data showed on Tuesday.<br /><br />In a report, the U.S. Census Bureau said that retail sales dipped by a seasonally adjusted 0.2% in May, after rising by 0.3% in April, whose figure was revised down from 0.5%.<br /><br />Analysts had expected retail sales to decline by 0.7% in May.<br /><br />Core retail sales, which exclude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Positive Economic News From Europe Posted: 14 Jun 2011 05:38 AM PDT 1. The Leading Economic Index for the U.K. increased 0.4% in April, following increases of 0.4% in March and 0.5% in February. 2. The Monster Employment Index for Europe increased by 21% in May from a year ago, led by Germany’s 42% year-over-year increase, and strong industry gains in manufacturing (53%) and transportation (53%). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Stock Futures Rally After U.S., China Data; Dow Up 0.8% Posted: 14 Jun 2011 05:37 AM PDT Forex Pros – U.S. stock futures pointed to a broadly higher open on Tuesday, as a flurry of Chinese economic data eased concerns over global economic growth, while investors digested data on retail sales and producer price inflation. <br /><br />Dow Jones Industrial Average futures pointed to a gain of 0.8%, the S&P 500 futures climbed 1.1%, while Nasdaq 100 futures indicated a rise of 0.9%. <br /><br />Earlier in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stalking EUR/USD’s Pullback From 1.4320 Posted: 14 Jun 2011 05:29 AM PDT EUR/USD Supported at 1.43 After Extended 5-Wave Decline (6/13) Short to Medium-Term- The EUR/USD rallied from the 1.4320 support and is in a 38.2% retracement so far entering the US session.
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| Markets In Everything: Food Truck Catering Posted: 14 Jun 2011 05:27 AM PDT From today’s WSJ “Every Bride Expects a Lovely Food Truck”: “Street sales aren’t the only source of revenue for the gourmet food trucks that have taken New York City by storm in a few years. Some are deriving as much as half of their income from catering and rentals. They cater everything from weddings (see photo above) to bar mitzvahs to movie and television crews filming on the street. Food trucks also are being hired by businesses to woo corporate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jun 2011 05:25 AM PDT Yesterday, Comcast Corp. (NASDAQ:CMCSA) announced a pathbreaking value-added service to its customers. The company has formed a strategic partnership with Skype Ltd. to offer its subscribers high-definition (HD) video chat from their TV sets. Comcast will provide a special kit including Skype software, an HD video camera, an adaptor box, and a remote control with keyboard. Using these accessories, a Comcast subscriber will be able to make or receive video or audio calls and text messages with other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Data From China Shows Country May Avoid “Hard Landing”, Tentative Risk-On As A Result Posted: 14 Jun 2011 05:15 AM PDT Currency markets traded with some optimism during the Asian session as Chinese data came in better than expected. Consumer inflation rose 5.5% on the year, in line with expectations, but it was industrial production climbing 13.3%, better than the 13.1% expected that gave traders a green light to buy stocks, helping risk appetite. The news gave the impression that China would not suffer a hard landing, which encouraged investors to seek higher yielding commodity linked currencies like the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Lockheed To Provide MK 41 Systems Posted: 14 Jun 2011 05:01 AM PDT Lockheed Martin Corporation (NYSE:LMT) has received a contract from the U.S. Navy worth $80.2 million for the supply of MK 41 Vertical Launching Systems ("VLS") for DDG 51 Class Aegis destroyers. Under this firm-fixed-price contract, Lockheed will also provide launcher spares, upgrade kits and installation equipments.
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| Forex – Dollar Broadly Lower Vs. Rivals As U.S. Data Eyed Posted: 14 Jun 2011 04:54 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, as Chinese inflation data eased concerns over global growth and bolstered demand for higher yielding currencies.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD rising 0.19% to hit 1.4440.<br /><br />The greenback was also down against the pound, with GBP/USD climbing 0.15% to hit 1.6396.<br /><br />Earlier Tuesday, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| One Late Payment Caused All That – WOW Posted: 14 Jun 2011 04:38 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Oil Prices: Headed Up Or Down? Posted: 14 Jun 2011 04:30 AM PDT Oil Prices: Headed Up or Down?
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| Forex – GBP/USD Pares Gains After U.K. Inflation Data Posted: 14 Jun 2011 04:30 AM PDT Forex Pros – The pound pared gains against the U.S. dollar on Tuesday, after U.K. inflation data came in as forecast, further dampening expectations for a near-term interest rate hike by the Bank of England.<br /><br />GBP/USD pulled away from 1.6440, the pair’s highest since June 9 to hit 1.6387 during European early afternoon trade, still up 0.09% on the day.<br /><br />Cable was likely to find support at 1.6214, Monday’s low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| USD/CAD Could Be Completing A Wedge; Swing Projection Targets 0.99 Posted: 14 Jun 2011 04:28 AM PDT US Dollar Bounces Back after a Pause to Recovery (6/11 video) - The USD/CAD has been consolidating what appears to be a declining wedge. The RSI in the 4H chart is stuck between 60 and 40, reflecting congestion. That means the market has no direction.
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| Forex – EUR/USD Extends Modest Gains, Boosted By Chinese Data Posted: 14 Jun 2011 03:28 AM PDT Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, after an array of upbeat Chinese economic data boosted market sentiment but the single currency remained under pressure as uncertainty over a bailout for Greece continued.<br /><br />EUR/USD hit 1.4472 during European late morning trade, the pair’s highest since Friday; the pair subsequently consolidated at 1.4445, rising 0.22%.<br /><br />The pair was likely to find support at 1.4319, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex News – Eyes On Greece And The U.S. Data Posted: 13 Jun 2011 04:10 PM PDT By ForexMansion.com
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| USD/JPY Daily Fundamental Analysis For May 15, 2011 Posted: 13 Jun 2011 04:08 PM PDT By ForexMansion.com
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| NZD/USD Daily Fundamental Analysis For June 15, 2011 Posted: 13 Jun 2011 04:07 PM PDT By ForexMansion.com
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| AUD/USD Daily Fundamental Analysis For June 15, 2011 Posted: 13 Jun 2011 04:06 PM PDT By ForexMansion.com
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| AUD/NZD Daily Fundamental Analysis For May 15, 2011 Posted: 13 Jun 2011 04:05 PM PDT By ForexMansion.com
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