Thursday, July 28, 2011

DailyMarkets.com - Britain’s CBI Realized Sales Fall Unexpectedly In July

DailyMarkets.com - Britain’s CBI Realized Sales Fall Unexpectedly In July


Britain’s CBI Realized Sales Fall Unexpectedly In July

Posted: 28 Jul 2011 03:08 AM PDT

Forexpros – Retail sales in the U.K. fell unexpectedly in July, dropping to the lowest level since June 2010 as shoppers reined in spending in the face of rising food and petrol prices, industry data showed on Thursday.<br /><br />In a report, the Confederation of British Industry said the result of its index of U.K. retailers fell by 3 points to minus 5.0 in July from a reading of minus 2.0 in June. <br /><br />Analysts had expected the index to climb to 2.0 in July. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Close To Record Low As Debt Plan Vote Looms

Posted: 28 Jul 2011 02:35 AM PDT

Forexpros – The U.S. dollar was lower against the Swiss franc on Thursday, trading close to the pair&rsquo;s record low ahead of a key U.S. vote on a plan to raise the country&rsquo;s debt ceiling ahead of the August 2 deadline.<br /><br />USD/CHF hit 0.8006 during European morning trade, the daily low; the pair subsequently consolidated at 0.8012, dipping 0.04%.<br /><br />The pair was likely to find support at 0.7995, Wednesday&rsquo;s low and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Stocks Drop On U.S. Debt Woes, Earnings; DAX Falls 1.1%

Posted: 28 Jul 2011 02:18 AM PDT

Forexpros – European stock markets were broadly lower on Thursday, amid concerns over sovereign debt in the U.S. and the euro zone, while downbeat earnings reports from companies such as Credit Suisse, Alcatel-Lucent and Deutsche Lufthansa also weighed. <br /><br />During European morning trade, the EURO STOXX 50 fell 0.75%, France&rsquo;s CAC 40 slumped 0.9%, while Germany&rsquo;s DAX 30 sank 1.1%.&nbsp; <br /><br />With the August 2 deadline just days … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Business Climate Indicator (July) 0.45 Vs. 0.83 Expected.

Posted: 28 Jul 2011 02:01 AM PDT

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


Forex – Dollar Down Vs. Rivals Ahead Of Critical U.S. Debt Vote

Posted: 28 Jul 2011 01:45 AM PDT

Forexpros – The U.S. dollar was down all of its major counterparts on Thursday, amid uncertainty ahead of a U.S. vote on a revised debt plan, aimed at breaking the impasse on raising the U.S. debt ceiling.<br /><br />During European morning trade, the greenback was lower against the euro, with EUR/USD easing up 0.09% to hit 1.4382.<br /><br />The euro&rsquo;s gains were limited after Standard &amp; Poor&rsquo;s cut Greece&rsquo;s credit rating to CC, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Bounce Off 7-day Low On Bargain Buying

Posted: 28 Jul 2011 01:40 AM PDT

Forexpros – Crude oil futures were up on Thursday, bouncing off a seven-day low as the previous day&rsquo;s sharp decline created bargain buying opportunities for investors, while concerns over a disruption to supplies and a weaker U.S. dollar lent support.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD97.72 a barrel during European morning trade, climbing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Pound Higher As Dollar Remains Down On Debt Deal Impasse

Posted: 28 Jul 2011 01:23 AM PDT

Forexpros – The pound was higher against the U.S. dollar on Thursday, climbing to a daily high, as the absence of a deal on raising the U.S. debt ceiling saw the greenback remain under heavy selling pressure.<br /><br />GBP/USD hit 1.6364 during early European trade, the daily high; the pair subsequently consolidated at 1.6353, gaining 0.13%.<br /><br />Cable was likely to find support at 1.6264, the low of July 26 and resistance at 1.6438, Wednesday&rsquo;s high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Unemployment Change Declines Less-than-expected

Posted: 28 Jul 2011 12:59 AM PDT

Forexpros – The number of unemployed people in Germany declined less-than-expected in July, official data showed on Thursday.<br /><br />In a report, Germany’s Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted 11K in July, after falling by 8K in June.<br /><br />Analysts had expected the number of unemployed people to decline by 15K in July.<br /><br />The report showed that Germany&rsquo;s unemployment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Nears Post-intervention Low As Japan Action Eyed

Posted: 28 Jul 2011 12:56 AM PDT

Forexpros – The U.S. dollar was trading just above the post-intervention low against the yen on Thursday, amid speculation that Japanese authorities will refrain from currency market intervention until after the issue of raising the U.S. debt ceiling was resolved.<br /><br />USD/JPY hit 77.63 during late Asian trade, the daily low; the pair subsequently consolidated at 77.64, shedding 0.42%.<br /><br />The pair was likely to find support at 76.12, the pair&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Steady As Investors Monitor U.S. Debt Talks

Posted: 28 Jul 2011 12:39 AM PDT

Forexpros – Gold futures were steady on Thursday, trading close to the record high as investors awaited developments in U.S. debt talks, while renewed concerns over sovereign debt contagion in the euro zone also supported prices. <br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,616.35 a troy ounce during late Asian trade, easing up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD About To Test Critical Support Levels Starting At 1.43

Posted: 28 Jul 2011 12:31 AM PDT

Prev: EUR/USD in Correction; 1.44, 1.4280-1.43 are Critical Support Levels (7/27)
EUR/USD

Consolidation after Dip:
- The EUR/USD  slid sharply yesterday and fell through the 1.44 support level and consolidated around 1.4350 by the start of the Asian session.
- As we enter the European session, the 1H chart shows a market starting to pick up volatility again (larger candle sizes).
- We are still above 1.4300, but the price action is starting push lower. The EUR/USD market is at the cusp … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Hovering Close To Post-float High On Rate View

Posted: 28 Jul 2011 12:23 AM PDT

Forexpros – The Australian dollar was hovering close to the post-float high against its U.S. counterpart on Thursday, boosted by prospects for higher interest rates, while the greenback remained under pressure amid uncertainty over U.S. debt ceiling negotiations.<br /><br />AUD/USD hit 1.1058 during late Asian trade, the daily high; the pair subsequently consolidated at 1.1039, gaining 0.16%.<br /><br />The pair was likely to find support at 1.0934, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Close To Record As RBNZ Signals Rates To Rise

Posted: 27 Jul 2011 11:55 PM PDT

Forexpros – The New Zealand dollar advanced toward a record high against its U.S. counterpart on Thursday, after the Reserve Bank of New Zealand said it sees little need for the March 2011 “insurance cut” to remain in place much longer.<br /><br />NZD/USD hit 0.8736 during late Asian trade, the daily high; the pair subsequently consolidated at 0.8729, gaining 0.35%.<br /><br />The pair was likely to find support at 0.8609, the low of July 26 and short-term resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Tumble On U.S. Debt Fears; Nikkei Drops 1.45%

Posted: 27 Jul 2011 11:47 PM PDT

Forexpros – Asian stock markets posted sharp losses on Thursday, as a lack of progress over raising the U.S. debt ceiling before a looming deadline raised fears over a possible U.S. sovereign debt default, while Japanese exporters came under pressure from the strong yen.<br /><br />During late Asian trade, Hong Kong’s Hang Seng Index sank 1.15%, Australia&rsquo;s ASX/200 Index slumped 1.55%, while Japan&rsquo;s Nikkei 225 Index tumbled 1.45%.&nbsp;&nbsp;&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


John Cleese Cycle Method On Small Cap Stocks

Posted: 27 Jul 2011 11:34 PM PDT

Seriously, with the right tools in the shed, and some fairly basic advice from Barry Ritholtz of BigPicture blog you will most likely be crowned smarter than 90% of the hedge funds out there. We think even John Cleese either in or out of character could profit in the stock market.

The cliché ‘is easy once you know how’ couldn’t be more true. Success comes from knowing the market phase and the management of swings between troughs and peaks along the way (ie cycles). Knowing the market phase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 4-day Low As Contagion Fears Weigh

Posted: 27 Jul 2011 11:34 PM PDT

Forexpros – The euro was lower against the U.S. dollar on Thursday, falling to a four-day low amid renewed fears over sovereign debt contagion in the euro zone, while the dollar remained under pressure amid uncertainty over debt ceiling negotiations.<br /><br />EUR/USD hit 1.4331 during late Asian trade, the pair&rsquo;s lowest since July 25; the pair subsequently consolidated at 1.4352, slipping 0.11%.<br /><br />The pair was likely to find support at 1.4138, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


RBNZ Leaves Interest Rate Unchanged At 2.50%

Posted: 27 Jul 2011 11:21 PM PDT

Forexpros – The Reserve Bank of New Zealand kept its benchmark interest rate unchanged for the third straight meeting in July, it announced on Thursday.<br /><br />In a statement, the RBNZ said it was keeping its benchmark interest rate unchanged at 2.50%, broadly in line with expectations.<br /><br />Commenting on the decision, central bank Governor Alan Bollard said &ldquo;The economy has grown more strongly than was expected, and it appears that the recovery is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Electronic Arts’ 1Q Disappoints

Posted: 27 Jul 2011 11:05 PM PDT

Video game developer and publisher Electronic Arts (NASDAQ:ERTS), better known as EA, reported first quarter 2012 results, which was worse than the Zacks Consensus Estimate of a loss of 45 cents per share.
EA's non-GAAP loss (excluding one-time items but including stock-based compensation) of 49 cents per share was much wider than 38 cents per share reported in the prior-year quarter. This was, however, in line with the high end of management's guided range of a loss of 49 cents to 44 cents.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Cooper Tire & Rubber (CTB)

Posted: 27 Jul 2011 11:05 PM PDT

Cooper Tire & Rubber Co. (NYSE:CTB) faces intensifying competition and soaring material costs, which can be regarded as major threats for the company. Moreover, its deteriorated cash balance is likely to limit the company’s business expansion plans.
Although profits exceeded the Zacks Consensus Estimate by $0.04 per share in the first quarter, the above factors along with a sluggish tire industry exert considerable pressure on the company’s earnings. Considering all these elements, we have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: J&J Snack Foods Corp.

Posted: 27 Jul 2011 11:05 PM PDT

J&J Snack Foods Corp. (NASDAQ:JJSF) just surged into a new all-time high after reporting strong Q2 results that included a 6% earnings surprise. Estimates have since moved higher, providing more support and momentum for this Zacks #1 Rank stock.
Company Description
J&J Snack Foods Corp, together with its subsidiaries, manufactures nutritional snack foods and distributes frozen beverages to the food service and retail supermarket industry in the US, Canada and Mexico. The company was founded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Genuine Parts Company

Posted: 27 Jul 2011 11:05 PM PDT

Genuine Parts Company (NYSE:GPC) recently delivered its 10th consecutive positive earnings surprise on record quarterly sales and earnings.
Analysts almost unanimously raised their estimates off the strong quarter, sending 2011 and 2012 consensus estimates higher. It is a Zacks #2 Rank (Buy) stock.
The company has also been steadily increasing its dividend and currently yields an attractive 3.2%.
Company Description
Genuine Parts Company distributes automotive replacement parts throughout North … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Dillard's, Inc. (DDS)

Posted: 27 Jul 2011 11:05 PM PDT

Dillard’s, Inc. (NYSE:DDS) first-quarter 2011 earnings of $1.27 per share beat the Zacks Consensus Estimate of $0.91 and surged approximately 84% from the prior-year quarter on the heels of strong comparable store sales growth coupled with efficient inventory management. Management is also undertaking restructuring initiatives and inventory reduction efforts to save costs and boost profitability.
Moreover, in order to enhance its liquidity position and manage risks more efficiently, Dillard’s has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Athenahealth, Inc.

Posted: 27 Jul 2011 11:05 PM PDT

athenahealth, Inc. (NASDAQ:ATHN) has surged following the latest earnings surprise. With analysts raising estimates across the board, this stock moved to a Zacks #1 Rank (Strong Buy).
Growth rates are excellent, but given the valuations this could be more of a short-term trading opportunity than an investment.
Company Description
athenahealth provides cloud-based business services for physicians. Services help keep clinic records, keeping costs lower versus managing massive paper files.
Revenues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Thursday 28 July

Posted: 27 Jul 2011 11:00 PM PDT

Asia market opened lower as no deal have been made regarding US debt ceiling. Boehner’s plan to cut deficit and lift debt limit said to be gaining ground. HSBC may cut 10,000 jobs as part of a cost-saving efforts.
Default fears pound Street hard as investors react to the debt-debate stalemate. Market will be choppy from here. Please trade with due care.

Yesterday evening, Biosensors, the maker of drug-coated stents used to treat blocked arteries said first-net income increased 600% to US$22.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 27 Jul 2011 10:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4371, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4325, Monday&rsquo;s low, and resistance at 1.4536, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8796 and EUR/JPY falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 27 Jul 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6324, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.6262, Monday&rsquo;s low, and resistance at 1.6440, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8795 and GBP/JPY falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 27 Jul 2011 09:55 PM PDT

Forexpros – The Euro was lower against the Swiss Franc on Thursday.<br/><br/> EUR/CHF was trading at 1.1513, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.1495, today&rsquo;s low, and resistance at 1.1717, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.4354 and EUR/JPY falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Weakens In Mid-day Asian Trade

Posted: 27 Jul 2011 08:35 PM PDT

Forexpros – The euro was lower against the Japanese yen on Thursday as figures released by the government in early trade showed a surprise gain in Japan&rsquo;s retail sales.<br /><br />EUR/JPY was trading at 111.66 in mid-day Asian trade, down 0.35%, after reaching a high of 112.10.<br /><br />The pair was likely to find support at 111.59, the day&rsquo;s low, and resistance at 112.10, the day&lsquo;s high.<br /><br />Japan&rsquo;s Ministry … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Lower In Asian Trade

Posted: 27 Jul 2011 07:58 PM PDT

Forexpros – The Japanese yen strengthened against the U.S. dollar in Asian trade Thursday as dealers await the outcome of negotiations in the U.S. to raise the nation&rsquo;s debt ceiling before an August 2 deadline.<br /><br />In mid-day trade USD/JPY was lower by 0.04% to hit 77.86 after reaching a high of 77.94. <br /><br />The pair was likely to find support at 77.58, today&rsquo;s low, and resistance at 78.72, last Friday&rsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Quote Of The Day: Death By CAFE Standards

Posted: 27 Jul 2011 07:57 PM PDT

“How many deaths have resulted [from CAFE standards]? Depending on which study you choose, the total ranges from 41,600 to 124,800. To that figure we can add between 352,000 and 624,000 people suffering serious injuries, including being crippled for life. In the past thirty years, fuel standards have become one of the major causes of death and misery in the United States — and one almost completely attributable to human stupidity and shortsightedness.”

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


Warren Buffett Is Wrong On Taxes

Posted: 27 Jul 2011 07:36 PM PDT

Steve Moore in Thursday’s WSJ:

“The Oracle of Omaha is at it again. On July 7, Warren Buffett told Bloomberg: “I think the rich have a responsibility to pay higher tax rates.” Then he groused that his wealthy friends are “paying lower tax rates than the people who are serving us the food.” Mr. Buffett has been voicing this complaint for years, once observing that his personal tax rate of 17.7% is lower than that of his receptionist (30%).

During Monday night’s national address, President … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Stocks Fall As U.S. Debt Worry Persists

Posted: 27 Jul 2011 07:27 PM PDT

Forexpros – Asian stocks fell in early trade Thursday, as dealers in the region pulled out of&nbsp; riskier assets in light of a lack of progress on U.S. negotiations to secure a deal on raising the nation&rsquo;s debt ceiling.<br /><br />During early Asian trade Hong Kong&rsquo;s Hang Seng Index dropped 1.2% to 22,283.30, Japan&rsquo;s Nikkei 225 Index fell 1.05% to 9,942.88, Australia&rsquo;s S&amp;P/ASX 200 surrendered 1.19% to 4,483.50 and South … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Going Bananas

Posted: 27 Jul 2011 07:06 PM PDT

It’s been a while since I discussed our country’s increasing resemblance to a banana republic, but four recent reports essentially confirm that we’re more like those third world countries we used to make fun of than many people think. Among the things we have in common:
1. Significant corruption
“Poll: Plurality Say Congress is Corrupt” (UPI)
A plurality of Americans say they think most members of Congress are corrupt, with less than a third saying the opposite, a Rasmussen Reports survey … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Spending Is Fun

Posted: 27 Jul 2011 06:46 PM PDT

Time for a funny ha ha. Cant be serious all the time. This is your latest government … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Sag On U.S. Inventory Report

Posted: 27 Jul 2011 06:31 PM PDT

Forexpros – Crude oil futures moved lower Wednesday as a U.S. government report showed an unexpected rise in inventories for the week, signaling a possible slump in demand from the world&rsquo;s largest energy consumer.<br /><br />On the New York Mercantile Exchange light, sweet crude futures for September delivery traded at USD97a barrel during early Asian trade, falling 0.20% after hitting a daily high of 97.28.<br /><br />Earlier in the day, the U.S. Energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Vista Land & Lifescapes, Inc. (VLL) Target Price

Posted: 27 Jul 2011 06:16 PM PDT

Vista Land & Lifescapes, Inc. (VLL)
Consensus Target Price: PHP 3.78

Firm
Analyst
Target Price
Date Released

 
 
 
 

Phil. Equity Partners
Velasco
3.92
7/27/2011

CitisecOnline.com
Laneda
3.90
7/27/2011

SB Equities
Balita
3.85
5/18/2011

Deutsche Bank
Sy
3.43
4/11/2011

 
*Target Price is set at 6 to 12 months from release.
*Data taken from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Empty Bully Pulpit

Posted: 27 Jul 2011 05:30 PM PDT

How did we get into this mess?
I thought I'd seen Washington at its worst. I was there just after Watergate. I was there when Jimmy Carter imploded. I was there during the government shut-down of 1995.
But I hadn't seen the worst. This is the worst.
How can it be that with over 9 percent unemployment, essentially no job growth, widening inequality, falling real wages, and an economy that's almost dead in the water — we're locked in a battle over how to cut the budget deficit?
Part of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis July 28, 2011

Posted: 27 Jul 2011 11:53 AM PDT

By CommoditiesMansion.com

Light Sweet Crude
 
The CL contract fell hard on Wednesday as traders sold off almost all risky markets due to rising concerns about the debt crisis in America, and the lack of faith in what is going on in Europe. The truth is that oil is still needed, and as such – this market should rise. Look for supportive candles in which to buy from a little closer to $95, as it is a massive support area.

 
Brent
 
The Brent markets fell as well, but much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis July 28, 2011

Posted: 27 Jul 2011 11:52 AM PDT

By CommoditiesMansion.com

The natural gas markets had a flat day on Wednesday, but more importantly – triggered buy signals from yesterday. The market had been higher at one point in the day, and this shows that the market does indeed want to go higher at this point. We would be even more pressed to buy if we can break the highs made on Wednesday, and would expect a move to $4.60 before major trouble could slow us down.

Originally posted here

The definitive site about crude oil and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis July 28, 2011

Posted: 27 Jul 2011 11:50 AM PDT

By CommoditiesMansion.com

The gold markets fell on Wednesday as traders rushed to liquidate anything they could in the sharp down move that most markets faced. The market is still extremely bullish, and the $1,600 level still looks like a floor. However, we think that a pullback could be in the cards, at least for another $15 or so. We like buying dips.

Originally posted here

Explore WTICrudeOil.com to find out about oil prices, and the latest oil news in the market.

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


No comments:

Post a Comment