DailyMarkets.com - Business Credit Cards – Which Business Rewards Card To Get?

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• Business Credit Cards – Which Business Rewards Card To Get?
• Forex – EUR/USD Down During The European Session
• Marriott And Timeshare To Split
• Cincinnati Debuts In 4G Space
• Wendy’s Drops Arby’s
• EUR/GBP Confirms Channel Breakout; Break Below 0.8950 Opens Up 0.8850
• Forex Trading: EURUSD Tests Midpoint Of Recent Rally And Holds
• Portuguese Yields Blow Out, As Portugal And European Commission Chide Downgrade
• European Crisis Lurches As With Portuguese Downgrade
• Netflix Expands In Latin America
• Stock Market News Briefs: Immucor, Peabody Energy, El Paso Electric Company, ENERGY TRANSFER PARTNERS, Goldman Sachs Group, St. Joe Company, Medtronic, Morgan Stanley, Oppenheimer Holdings, Southern Union Company, Wells Fargo & Company, Williams Companies, Western Union Company
• WFC Closes Castle Pines Capital Buy
• Forex Trading: USDCHF Tests 200 Hour MA Again At 0.8393
• Euro Slide Continues On Portuguese Woes; China Raises Interest Rates
• Oil Rallies Despite IEA Sales
• Japanese Yen: Under Pressure
• Swiss Franc: The Downside Prevails
• British Pound: Under Pressure
• Euro: Under Pressure
• Reason To Be Concerned About The Market
• JEC Wins IARPA & EDF Contracts
• FWLT To Upgrade Saudi Refinery
• GBP Slides Despite Higher Home And Retail Prices, Further Declines Expected On BOE Expectations
• Forex Trading: EURUSD Shows Little In The Way Of A Bounce. Corrective Resistance Levels Eyed For Clues.
• Nokia Siemens Network Wins Contract
• Neutral On Citrix Systems
• Natural Gas Declines On Moderating U.S. Weather Outlook
• Forex – Dollar Extends Gains After Surprise Chinese Rate Hike
• Crude Oil Extends Losses After Surprise China Rate Hike
• Risk Averse Session Hits AUD And NZD As China Hikes Rates
• Forex – GBP/USD Hits 4-day Low After China Raises Rates
• National Oilwell Buying Ameron
• Gold Futures Retreat From 8-day High After China Hikes Interest Rate
• Forex – EUR/USD Extended Losses After China Hikes Interest Rate
• Forex – EUR/GBP Hits 6-day Low Amid Euro Zone Contagion Fears
• Crude Oil And Gold To Fall On Waning Risk Appetite, Inflation Outlook
• Cotton Futures Advance On U.S., India Crop Concerns

Business Credit Cards – Which Business Rewards Card To Get? Posted: 06 Jul 2011 07:35 AM PDT Business credit cards are designed for those of you who have your own business, and want a line of credit to meet your business expenses. What I find valuable about business credit cards is that most of them offer a rewards system whereby you can earn cash back or rewards points on your spending. Apart from earning points, cash back and rewards, some cards also offer 0% introductory APR on purchases, which lets you make large purchases with your business credit card without having to pay any … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session Posted: 06 Jul 2011 07:10 AM PDT Forex Pros – pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4314, down 0.80% at time of writing.<br/><br/> The pair was likely to find support at 1.4304, today&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.41% to hit 0.8947 and EUR/JPY falling 1.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marriott And Timeshare To Split Posted: 06 Jul 2011 07:05 AM PDT Marriott International Inc. (NYSE:MAR) is on track with the spin-off of its Timeshare business into a new publicly traded company. The transaction is expected to complete by year-end 2011. Marriott also announced the new corporate name of its vacation club business will now be Marriott Vacations Worldwide Corporation. In mid February, Marriott announced this spin-off as a part of its "asset light" strategy. The hived off entity will be a pure-play timeshare company, allowing Marriott to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cincinnati Debuts In 4G Space Posted: 06 Jul 2011 07:05 AM PDT Cincinnati Bell Inc. (NYSE:CBB) announced its debut into 4G wireless network promising faster and better services. Additionally, the company also unveiled the Huawei Ascend X 4G smartphone that uses Goggle's (NASDAQ:GOOG) advanced Android platform and will be sold at $99.00 for a limited time. The smartphone comes with a two-year equipment contract and data plan. Cincinnati Bell's 4G networks will be available in the southern part of Dayton covering Butler and Warren counties. However, the city of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wendy’s Drops Arby’s Posted: 06 Jul 2011 07:05 AM PDT Wendy's/Arby's Group Inc (WEN) has dropped Arby from its name following the completion of its previously announced sale of Arby's Restaurant Group. Wendy's is once again a solo brand name and will operate as The Wendy’s Company going forward. However, Wendy will continue to trade under the ticker “WEN” on the New York Stock Exchange. In January 2011, Wendy's/Arby's said that it intends to sell its struggling Arby’s business, so that the company can primarily concentrate on its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Confirms Channel Breakout; Break Below 0.8950 Opens Up 0.8850 Posted: 06 Jul 2011 06:59 AM PDT Prev: EUR/GBP Observes Bearish Divergence after Wave Equality (7/1) EUR/GBP - The EUR/GBP is seen breaking below a rising channel support in the 4H chart. It has also provided a pullback that respected the broken channel support as resistance. - The RSI reading is falling below 40, reflecting a loss of bullish momentum. - The decline is cracking a pivot at 0.8950, and testing 61.8% retracement level near 0.8938. If the market clears these lows, and a subsequent rally fails to break above the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests Midpoint Of Recent Rally And Holds Posted: 06 Jul 2011 06:46 AM PDT As per the prior post, the EURUSD has currected higher but has run into resistance against the 1.4339 level which represents the 50% of the move up from the June 27th low. The price reached a high of 1.4338.  The pair remains underwraps as the events continue to unfold in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Portuguese Yields Blow Out, As Portugal And European Commission Chide Downgrade Posted: 06 Jul 2011 06:46 AM PDT Portugal's borrowing costs were battered today following yesterday's downgrade of its credit rating by Moody's. From Bloomberg: "Portugal's downgrade to junk status and wrangling over the role of investors in a new Greek bailout package fueled concern about the solvency of the region's high- debt nations, sending their bonds tumbling. The extra yield investors demand to hold Portugal's 10-year bonds over German bunds surged 148 basis points to a euro-era record 949 after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Crisis Lurches As With Portuguese Downgrade Posted: 06 Jul 2011 06:40 AM PDT The European sovereign crisis has come to resemble one of those intricate multi-faceted and fast-paced board games involving dozens of tiny odd-shaped pieces and playing cards. Of course the stakes are far higher in the Eurozone yet the reality is that each player’s move has to be carefully plotted and even after someone has indicated the end of his turn, the implications only become evident when another player perhaps unwittingly reveals a critical combination of cards and territory that sets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Netflix Expands In Latin America Posted: 06 Jul 2011 06:36 AM PDT Netflix Inc. (NASDAQ:NFLX) is expanding its reach into newer regions as it is set to launch its Internet movie subscription service in Latin America. It has also announced the expansion of its service in the Caribbean by the end of this year. This would mark Netflix's second venture outside the United States, after it had started its service in Canada last September. Netflix subscribers, in countries such as Mexico, South and Central America and the Caribbean, will be able to stream a wide range … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Immucor, Peabody Energy, El Paso Electric Company, ENERGY TRANSFER PARTNERS, Goldman Sachs Group, St. Joe Company, Medtronic, Morgan Stanley, Oppenheimer Holdings, Southern Union Company, Wells Fargo & Company, Williams Companies, Western Union Company Posted: 06 Jul 2011 06:36 AM PDT     Share prices of Southern Union Co. (NYSE:SUG) rose 4.21% to close at $42.07 after Energy Transfer Equity, L.P. (NYSE:ETE) increased its bidding amount by 21% to $5 billion for the company, beating William’s (NYSE:WMB) bid of $4.9 billion     U.S. mining giant Peabody Energy Corp. (NYSE:BTU) was amongst a consortium selected by the  Mongolian Government  to develop the Tavan Tolgoi  coal mining project in the Gobi Desert     Analysts of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WFC Closes Castle Pines Capital Buy Posted: 06 Jul 2011 06:36 AM PDT Wells Fargo & Co. (NYSE:WFC) has completed the acquisition of its strategic partner, Castle Pines Capital. The buyout was a part of Wells Fargo's effort to expand its business and add channel financing capabilities. Castle Pines Capital offers channel financing solutions to resellers in the technology sector worldwide. It became a client of Wells Fargo Capital Finance's Lender Finance segment in 2005. Later in 2007, Wells Fargo advanced its strategic tie ups with the company by acquiring a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Tests 200 Hour MA Again At 0.8393 Posted: 06 Jul 2011 06:23 AM PDT The USDCHF has been trading between the Goal Posts as defined by the 100 and 200 hour MA. The 100 hour MA comes in at the 0.8443 level currently. The 200 hour MA is at the 0.8393 level.  There were 3 bars in the last 24 hours where the price dipped below the MA level. This is the third serious test of the level.  The CHF has once again become favored as a safe haven currency. Swiss officials were on the newswires today however, saying how the currency was overvalued and they were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Slide Continues On Portuguese Woes; China Raises Interest Rates Posted: 06 Jul 2011 06:20 AM PDT The Euro fell for the second consecutive day against a basket of major currencies in the Asian and European sessions on Wednesday as Moody's rating downgrade of Portugal has begun to wipe out optimism gained by last week's 'progress' in Greece. Yesterday, in conclusion of a ratings review that began on April 5, 2011, Moody's Investor Service shifted Portugal's long-term government bond ratings to Ba2, 'junk,' from Baa1, with a negative outlook. The Euro has depreciated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Rallies Despite IEA Sales Posted: 06 Jul 2011 06:17 AM PDT Today’s Idea Wednesday, July 6, 2011 It appears that Oil prices have found support just below the 90.00 level in the August futures, as prices have rebounded sharply from the recent lows. However, it may be difficult for the rally to move prices significantly above the 100.00 level, at least in the near-term, unless we see significant signs of improving economic data in both the US and in Asia. This sets the stage for a possible price consolidation in the Crude Oil market. With less than two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure Posted: 06 Jul 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

Swiss Franc: The Downside Prevails Posted: 06 Jul 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: Under Pressure Posted: 06 Jul 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: Under Pressure Posted: 06 Jul 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

Reason To Be Concerned About The Market Posted: 06 Jul 2011 06:12 AM PDT It is a well known fact that an increasing percentage of daily trading volume in the equity markets is driven by high frequency traders. Whether you think that is a good or bad development is currently irrelevant. It is a reality. That reality has clearly changed the nature of investing and assessing the markets. How does one invest with a long term horizon when so much of the market is driven by short term traders? Very carefully. Long term investing requires a solid understanding of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JEC Wins IARPA & EDF Contracts Posted: 06 Jul 2011 06:05 AM PDT Jacobs Engineering Group Inc.(NYSE:JEC) announced the receipt of two significant contracts; one from the Intelligence Advanced Research Projects Activity (IARPA) and the other from EDF Energy. The contract from IARPA entitles the company to provide services under Aggregate Contingent Estimation (ACE) program for combining event forecasts from experts to improve forecast accuracy. Jacob's Interrelated Forecasts Reflecting Models behind Experts’ Decisions (INFORMED) system provides individual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FWLT To Upgrade Saudi Refinery Posted: 06 Jul 2011 06:05 AM PDT Foster Wheeler SOFCON, an unincorporated consortium between a subsidiary of Foster Wheeler AG's (NASDAQ:FWLT) Engineering and Construction Group and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) received a front-end engineering design (FEED) contract from Saudi Arabian Oil Company (Saudi Aramco). The contract was for the Clean Transportation Fuels Project at the Riyadh Refinery, Kingdom of Saudi Arabia. Coupled with the front-end engineering design (FEED), … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP Slides Despite Higher Home And Retail Prices, Further Declines Expected On BOE Expectations Posted: 06 Jul 2011 06:03 AM PDT The Pound had a strong overnight session on Tuesday, but it was the opposite scenario in today's European session, as the GBP/USD slid back to its lows from Tuesday's session just below the psychologically important 1.60 level. On Tuesday, sterling was boosted by a slightly better Services PMI report and the fundamental data was actually better than expected in that housing prices rose more than expected – a positive for the housing sector – while retail prices also climbed stronger … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Shows Little In The Way Of A Bounce. Corrective Resistance Levels Eyed For Clues. Posted: 06 Jul 2011 05:45 AM PDT The 5 minute chart shows a steady decline inthe EURUSD with tight range off of the trendlines at the 1.4323 level on the top and the 1.4295 currently on the downside. On the hourly chart below the 1.4339 level will also be eyed for corrective clues. That level represents the 50% retracement fo the move up from the June 27th lows.  Staying below these resistance levels keeps the bears fully in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia Siemens Network Wins Contract Posted: 06 Jul 2011 05:35 AM PDT Nokia Siemens Networks (NSN), a 50-50 joint venture between Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI) to provide telecom infrastructure solutions, recently won a contract to supply equipments for ongoing fiber-to-the-home (FTTH) network of Bulgarian Internet service provider EVO.bg. NSN will provide GPON solutions and supply customer premises equipments and the Optical Line Termination Unit. Using NSN platform, EVO will be able to expand its network capacity together with the enhancement of its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Citrix Systems Posted: 06 Jul 2011 05:35 AM PDT We downgrade our recommendation on Citrix Systems Inc. (NASDAQ:CTXS) to Neutral based on its current valuation. The stock price has soared more than 94% in the last year. Citrix is growing gradually as virtualization and cloud computing becomes essential for large enterprises to reduce costs when the economy begins to recover from the recession. As a leading provider of enterprise software with desktop virtualization at its core, the company will benefit from the latest trend of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Declines On Moderating U.S. Weather Outlook Posted: 06 Jul 2011 05:24 AM PDT Forex Pros – pros &ndash; Natural gas futures were down on Wednesday, amid indications of reduced demand after forecasts showed moderating temperatures throughout most of the U.S. East Coast next week. <br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.324 per million British thermal units during European afternoon trade, dropping 0.75%. <br /><br />It earlier fell as much as 0.91% to trade at a daily low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Extends Gains After Surprise Chinese Rate Hike Posted: 06 Jul 2011 05:21 AM PDT Forex Pros – The U.S. dollar extended broad gains against its major counterparts on Wednesday, as a surprise rate hike by China&rsquo;s central bank weighed on demand for higher-yielding assets.<br /><br />During European afternoon trade, the greenback was higher against the euro, with EUR/USD falling 0.78% to hit 1.4315.<br /><br />Earlier in the day, the People&rsquo;s Bank of China said it will raise its benchmark interest rate by 0.25%, effective July 7, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Extends Losses After Surprise China Rate Hike Posted: 06 Jul 2011 05:10 AM PDT Forex Pros – pros &ndash; Crude oil futures extended losses on Wednesday, falling to a fresh daily low after China&rsquo;s central bank raised interest rates for the fifth time in nine months, sparking concerns over a slowdown in demand from the world&rsquo;s second largest oil consumer. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD96.12 a barrel during European afternoon trade, dropping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Averse Session Hits AUD And NZD As China Hikes Rates Posted: 06 Jul 2011 05:06 AM PDT Risk off trading has come to the forefront as this week started with risk-off news in the from of several developments. First, we had credit rating agency cast doubts on the private bond holder participation in a 2nd Greek bailout without it being labeled a selective default. We had worrying signs coming from the Chinese banking sector. We followed that up with a downgrade of Portugal by Moody's which felled the EUR, while today we had confirmation of rumors that the Chinese central bank was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 4-day Low After China Raises Rates Posted: 06 Jul 2011 04:46 AM PDT Forex Pros – pros &ndash; The pound extended losses against the U.S. dollar on Wednesday, slumping to a four-day low after a surprise Chinese rate hike, while renewed concerns over the euro zone&rsquo;s sovereign debt crisis also weighed.<br /><br />GBP/USD hit 1.5984 during European afternoon trade, the pair&rsquo;s lowest since June 20; the pair subsequently consolidated at 1.5999, dropping 0.38%.<br /><br />Cable was likely to find support at 1.5910, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

National Oilwell Buying Ameron Posted: 06 Jul 2011 04:35 AM PDT Oilfield services firm National Oilwell Varco Inc. (NOV) has agreed to acquire industrial parts maker Ameron International Corp. (AMN) for about $772 million in cash. The transaction, which has been approved by the boards of both the companies but awaits regulatory and shareholder approvals, is expected to close by the fourth quarter of 2011. As per the deal, Ameron shareholders would get $85 in cash for each share they hold. At Ameron's Friday's closing stock price of $66.27, the deal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Retreat From 8-day High After China Hikes Interest Rate Posted: 06 Jul 2011 04:15 AM PDT Forex Pros – pros &ndash; Gold futures turned lower on Wednesday, easing off an eight-day high after China unexpectedly raised its benchmark interest rate for the fifth time in nine months in an effort to curb rising inflation.&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,511.05 a troy ounce during European afternoon trade, dipping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Extended Losses After China Hikes Interest Rate Posted: 06 Jul 2011 04:08 AM PDT Forex Pros – pros &ndash; The euro extended losses against the U.S. dollar on Wednesday, falling to a fresh five-day low after China&rsquo;s central bank raised interest rates, as part of a continuing effort to curb spiraling inflation.<br /><br />EUR/USD hit 1.4330 during European early afternoon trade, the pair&rsquo;s lowest since June 29; the pair subsequently consolidated at 1.4333, shedding 0.65%.<br /><br />The pair was likely to find short-support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Hits 6-day Low Amid Euro Zone Contagion Fears Posted: 06 Jul 2011 03:31 AM PDT Forex Pros – pros &ndash; The euro slid to a six-day low against the pound on Wednesday, weighed by fears over sovereign debt contagion in the euro zone after ratings agency Moody&rsquo;s downgraded Portugal&rsquo;s credit rating to junk status.<br /><br />EUR/GBP hit 0.8956 during European late morning trade, the pair&rsquo;s lowest since June 28; the pair subsequently consolidated at 0.8958, shedding 0.30%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil And Gold To Fall On Waning Risk Appetite, Inflation Outlook Posted: 06 Jul 2011 03:29 AM PDT Commodities – Energy Crude Oil Likely to Follow S&P 500 Lower WTI Crude Oil (NY Close): $96.89 // +1.95 // +2.05% The bulls appear to be losing a bit of momentum having overcome resistance at the $96.00 figure as renewed Euro Zone debt fears bear down on market-wide risk appetite in the wake of Moody's downgrade of Portuguese debt to junk status. S&P 500 stock index futures are trading considerably lower ahead of the opening bell on Wall Street, with dour sentiment likely bear down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cotton Futures Advance On U.S., India Crop Concerns Posted: 06 Jul 2011 03:25 AM PDT Forex Pros – pros &ndash; Cotton futures were up for the first time in three days on Wednesday, as adverse weather in the U.S. and India added to concerns over deteriorating crop conditions in two of the world&rsquo;s largest cotton growers.&nbsp;&nbsp; <br />&nbsp;&nbsp;&nbsp; <br />On the ICE Futures U.S. Exchange, cotton futures for October delivery traded at USD1.1942 a pound during European morning trade, climbing 0.6%. <br /><br />It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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