Friday, July 29, 2011

DailyMarkets.com - Equinix Beats On Higher Revenues

DailyMarkets.com - Equinix Beats On Higher Revenues

Equinix Beats On Higher Revenues

Posted: 29 Jul 2011 07:50 AM PDT

Equinix Inc. (EQIX) reported second quarter 2011 earnings per share of 64 cents, comprehensively beating the Zacks Consensus Estimate of 57 cents.
Revenues
Revenues in the reported quarter were $394.9 million, up 33.0% from the year-ago quarter and 9.0% from the previous quarter. Quarterly result included $11.7 million in revenues from the newly acquired ALOG data centers. Recurring revenues, consisting primarily of colocation, interconnection and managed services, were $376.5 million in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BorgWarner Beats, Guidance Raised

Posted: 29 Jul 2011 07:35 AM PDT

BorgWarner Inc. (NYSE:BWA) reported a 44% increase in profit to $1.12 per share in the second quarter of 2011 from 78 cents per share (both excluding a non-recurring item) in the same quarter of the prior-year quarter. The profit exceeded the Zacks Consensus Estimate by 14 cents per share.
Revenues in the quarter soared 28% to $1.82 billion, despite a 2% fall in global vehicle production. The increase in sales was led by higher global demand for advanced powertrain technology, focus on fuel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Pushes Against The 100 Hour MA

Posted: 29 Jul 2011 07:12 AM PDT

The AUDUSD has moved higher in reaction to the weaker dollar but relatively, the move higher has been more contained. The price has pushed to the 100 hour MA at the 1.0969 level.  A move above the level will likely lead to further buying on stops.  The correction off the high, has so far found support against the 38.2% of the move up from the low. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF EUR/CHF And GBP/CHF Extend Fresh Record Lows

Posted: 29 Jul 2011 07:10 AM PDT

USD/CHF

Nearing 0.7850 Target:
- The US GDP data today was worse than expected, and the USD took it in the jaw immediately after.
- The USD/CHF sharp decline out of a pennant consolidation pattern reflects bearish continuation.
- When we look at the daily chart, we see that we had a swing projection to 0.7850, and the market is nearing this level.
- Expect the USD to pare some losses ahead of the debt ceiling vote on Tuesday. However, I would not consider reversal scenarios until a break back … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Embraer Beats, Revisits Guidance

Posted: 29 Jul 2011 07:05 AM PDT

On July 28, Embraer S.A (NYSE:ERJ) reported its financial results for the second quarter of 2011. Earnings per ADS in the quarter were 53 cents, up from 32 cents in the year-ago quarter and down from 58 cents in the sequential quarter. Results surpassed the Zacks Consensus Estimate of 46 cents.
The year-over-year improvement is attributable to the company's aircraft deliveries of 25 commercial and 23 executive aircraft in 2Q11 (20 light jets and 3 large jets).
Revenue
Net revenue in the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aimco Misses By A Whisker

Posted: 29 Jul 2011 07:05 AM PDT

Apartment Investment and Management Company (NYSE:AIV), or Aimco as the real estate investment trust (REIT) is popularly known, reported fiscal 2011 second quarter funds from operations (FFO) of $32.3 million or 27 cents per share compared to $46.9 million or 40 cents per share in the year-ago period. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported FFO for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up On Economic Data

Posted: 29 Jul 2011 07:00 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.<br/><br/> EUR/USD was trading at 1.4386, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 1.4230, today&rsquo;s low, and resistance at 1.4536, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 58.8 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US 2nd Quarter A Dud, 1st Quarter Revised Sharply Down, USD Suffers

Posted: 29 Jul 2011 06:57 AM PDT

The 2nd quarter GDP release came in much weaker than anticipated, posting a 1.3% annualized growth rate, compared to forecasts of a gain of 1.8%.  On top of that, the 1st quarter GDP figures were revised lower, showing just a 0.4% annualized rate in the 1st quarter.

Here are the highlights from the Release:

Consumer spending edged up by an annualized rate of 0.1% in April through June, the weakest it has been in two years, after a 2.1% gain in the first quarter.
Business spending jumped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chicago PMI Falls More-than-expected

Posted: 29 Jul 2011 06:55 AM PDT

Forexpros – The U.S.&rsquo;s Chicago PMI fell more-than-expected last month, data showed on Friday.<br/><br/>In a report, research group Kingsbury International said that the Chicago PMI fell to a seasonally adjusted 58.8, from 61.1 in the preceding month.<br/><br/>Analysts had expected the Chicago PMI to fall to 60.0 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The European Session

Posted: 29 Jul 2011 06:50 AM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.<br/><br/> NZD/USD was trading at 0.8688, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 0.8614, Monday&rsquo;s low, and resistance at 0.8766, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Slides As Economic Growth Evaporates

Posted: 29 Jul 2011 06:47 AM PDT

An earlier rally for the dollar came to a crashing pause after a dire reading of second quarter growth although an ugly downwards revision to first quarter growth was the real sentiment killer. The dollar had been surprisingly firm even after a political impasse was punctuated by a further pause as Republican leaders failed to rouse sufficient support to put a vote to the test. While uncertainty mounts for the dollar ahead of a Tuesday deadline, traders are more convinced that the debt-ceiling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Stepping Up

Posted: 29 Jul 2011 06:44 AM PDT

The EURUSD has surged higher after testing 38.2% of the weeks range at 1.43455 (see chart above), correcting just below the 100 day MA at 1.4331 (see char below), then moving sharply higher from there. The price has peaked at the next Fibo level on the hourly chart (50% of the weeks range).  Above the level is the 100 hour MA at the 1.4394 level. A move above that opens the door for a move to 1.44177.

On the downside, the last leg higher in the EURUSD has the 38.2% come in at 1.4358 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CHF New All-Time Low, Pushing Lower

Posted: 29 Jul 2011 06:42 AM PDT

USD/CHF (daily chart) as of Friday (7/29/2011) has established yet a new all-time low, this time breaking below the 0.7900 level for the first time. This breakdown occurs within the context of a remarkably strong and technically-behaving long-term, medium-term, and short-term downtrend. This bearish trend, which has essentially been in place since the June 2010 high, has made progressively lower all-time lows and has adhered to key support/resistance levels and technical targets. After having … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Dollar Sinks After Poor GDP Reading; Debt Talks Continue

Posted: 29 Jul 2011 06:41 AM PDT

The U.S. Dollar, after having gained throughout the Asian and European sessions, faced significant headwinds in pre-North American trade as a poor gross domestic product reading for the second quarter deflated expectations of a recovery in the world's largest economy. Following the data release, the U.S. Dollar fell across the board, with the EUR/USD pair rallying nearly 100-pips in under an hour; similar reactions were seen across the board by other major currencies versus the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vale 2Q Misses Estimate

Posted: 29 Jul 2011 06:35 AM PDT

On July 28, Vale S.A (VALE) released its financial results for the second quarter of 2011. The company's net earnings in the quarter were $1.22 per ADR, up 74.3% compared with 70 cents per ADR in the year-ago quarter, missing the Zacks Consensus Estimate of $1.40 per ADR.
Strong worldwide demand and high prices of minerals and metals along with appreciation of Brazilian real, against the US impacted the net earnings positively.
Revenue
Gross Operating revenue jumped 54.5% year over year to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Ahead Of Estimates

Posted: 29 Jul 2011 06:35 AM PDT

Starbucks Corporation (SBUX), one of the leading roaster and retailer of specialty coffee, registered robust results for the third quarter of fiscal 2011. Quarterly earnings soared 33% year over year to 36 cents a share. It also outpaced the Zacks Consensus Estimate of 34 cents by 5.8%.
Management applauded the depth of the company's organizational capabilities and the dedication of partners around the world for driving higher profit in the quarter. The 'Good for You' initiative that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Boston Scientific, Credit Suisse Group, Cisco Systems, E.I. Du Pont De Nemours And Company, Goldman Sachs Group, HSBC Holdings Plc, Starwood Hotels & Resorts Worldwide, ITC Holdings Corp., Logitech International S.A., Tyco International, Ltd.

Posted: 29 Jul 2011 06:35 AM PDT

    Credit Suisse (NYSE:CS) announced that it will cut 2,000 jobs worldwide after the banking giant was hit by a decline in second quarter profits and an appreciating Swiss franc

    A report from Sky News said that banking major HSBC (NYSE:HBC) may soon axe 10,000 of its employees as part of a cost reduction exercise

    Tyco International (NYSE:TYC) posted Q3 EPS of $0.85, surpassing the Zacks Consensus Estimate of $0.72 per share. Revenue for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Newmont Misses Consensus

Posted: 29 Jul 2011 06:35 AM PDT

Newmont Mining Corporation’s  (NYSE:NEM) adjusted net income rose to $445 million or 90 cents per share in the second quarter from last year's $377 million or 77 cents per share. The result was below the Zacks Consensus Estimate of $1.00 per share.
Revenues
Total revenue was $2.4 billion, up 11% year over year, below the Zacks Consensus Estimate of $2.5 billion.
Newmont reported attributable gold and copper production of 1.2 million ounces and 44 million pounds, respectively, in the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Debt Ceiling, Dismal GDP

Posted: 29 Jul 2011 06:35 AM PDT

The debt debate continues to steal the spotlight from earnings and economic reports. The stock market has lost ground in recent days due to this uncertain environment even as corporate earnings reports have broadly come ahead of expectations.

With both sides in the debt debate sticking to their positions ahead of the Tuesday deadline, stocks will likely remain on edge today as well. The dismal GDP adds to the market’s woes.

While the GDP report was expected to be on the soft side, the extent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Leggett Misses, Trims Outlook

Posted: 29 Jul 2011 06:35 AM PDT

Leggett & Platt Inc. (NYSE:LEG), the manufacturer of diversified engineered products and components, recently posted second-quarter 2011 results that missed the Zacks Consensus Estimates.
The company’s quarterly adjusted earnings of 35 cents a share fell short of the Zacks Consensus Estimate of 37 cents. However, quarterly earnings improved by a penny from the prior-year quarter.
Total sales of the company climbed 8.0% in the quarter to $945.2 million compared with $874.3 million a year ago, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Boosted By Technical And Fundamental Signals

Posted: 29 Jul 2011 06:34 AM PDT

Prev: USD Outlook for August…(7/23)
GBP/USD

Technical Setup and Fundamental Trigger:
- Ahead of today's US GDP data, the GBP/USD almost completed an AB=CD pattern. Almost, in that there was not exact wave equality, but the second downswing was cut short as it tested the 200SMA in the 1H chart.
- This was a technical setup for a bullish attempt.
- The 2Q GDP release for the US came out lower than expected at 1.3% (forecast: 1.7%), and the previous quarters data was revised down heavily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In European Trade

Posted: 29 Jul 2011 06:25 AM PDT

Forexpros – The Euro was lower against the Swiss Franc on Friday after the release of U.S. data on GDP.<br/><br/> EUR/CHF was trading at 1.1353, down 1.14% at time of writing.<br/><br/> The pair was likely to find support at 1.1316, today&rsquo;s low, and resistance at 1.1716, Monday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 29 Jul 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

Australian Dollar: The Downside Prevails

Posted: 29 Jul 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

Canadian Dollar: The Downside Prevails

Posted: 29 Jul 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: 29 Jul 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: 29 Jul 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: Under Pressure

Posted: 29 Jul 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

Cooper Industries Acquires Martek

Posted: 29 Jul 2011 06:06 AM PDT

Cooper Industries plc (NYSE:CBE) acquired a manufacturer of power electronic components, Martek Power, for approximately euro 130 million (inclusive of assumed debt). Martek is an expert in producing specialized power management devices for the military, heavy-duty transportation, aerospace, medical, telecom and hybrid/electrical vehicle markets.
Martek will incorporate in Cooper Industries' the Cooper Bussmann division, thus expanding the division's power electronic and power conversion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Agnico-Eagle Misses Estimates

Posted: 29 Jul 2011 06:06 AM PDT

Agnico-Eagle Mines Limited (NYSE:AEM) reported quarterly net income of $68.8 million or 41 cents per share for the second quarter of 2011.  Net income includes a non-cash foreign currency translation loss of $2.7 million, or $0.02 per share and stock option expense of $8.3 million.  
Adjusted net income for the reported quarter was $79.4 million, or $0.47 per share compared with $100.4 million or $0.64 per share in the prior-year quarter. Results were a penny below the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 29 Jul 2011 06:00 AM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on GDP.<br/><br/> USD/CAD was trading at 0.9586, up 1.01% at time of writing.<br/><br/> The pair was likely to find support at 0.9407, Tuesday&rsquo;s low, and resistance at 0.9588, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Canadian gross domestic product fell unexpectedly to a seasonally adjusted -0.3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Breaks Above Double Bottom After Slew Of Poor Canadian Data

Posted: 29 Jul 2011 05:51 AM PDT

CAD Punished After Low Inflation Numbers (7/22)
USD/CAD

GDP and Inflation Data
- The -0.3% m/m GDP data for May, -0.3% producer price index, and -2.2% raw materials price index were very CAD-negative data.
- With these releases, the USD/CAD pushed above 0.9520-0.9525 resistance, completing a double bottom.
- 0.9640 is the target because there is a major resistance cluster there: 200SMA, 61.8% retracement, and a common pivot.
- Then if the market is falling from there, it will be interesting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down On Economic Data

Posted: 29 Jul 2011 05:40 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.<br/><br/> EUR/USD was trading at 1.4291, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 1.4230, today&rsquo;s low, and resistance at 1.4536, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. GDP Rises Less-than-expected

Posted: 29 Jul 2011 05:35 AM PDT

Forexpros – Gross domestic product in the U.S. rose less-than-expected in the last quarter, preliminary official data showed on Friday.<br/><br/>In a report, the Bureau of Economic Analysis said that GDP rose to a seasonally adjusted annual rate of 1.3%, from 1.9% in the preceding quarter.<br/><br/>Analysts had expected U.S. gross domestic product to rise 1.7% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brightpoint Beats, Outlook Bright

Posted: 29 Jul 2011 05:30 AM PDT

Yesterday after market close, Brightpoint Inc. (NASDAQ:CELL) declared robust financial results for the second quarter of 2011. Quarterly total revenue was $1,234.9 million, an improvement of 57% year over year, significantly surpassing the Zacks Consensus Estimate of $1,086 million. In the second quarter of 2011, the company managed 26.93 million wireless devises, up 21% year over year. This fabulous performance was primarily attributable to a massive growth of the Distribution business supported by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Motorola Mobility Yet To Turnaround

Posted: 29 Jul 2011 05:30 AM PDT

Is Motorola Mobility Holdings Inc. (MMI) losing pace in its effort to regain its lost glory in the mobile handset market? We believe that the company can make a turnaround though it is facing tougher challenges at present. Motorola Mobility must deliver in the fourth quarter of 2011 since its ensuing third quarter 2011 outlook is disappointing. Failing to do that the company may face problem of existence like the one Nokia Corp. (NYSE:NOK) is experiencing.  
Yesterday, after the closing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Choppy Market Action Continues

Posted: 29 Jul 2011 05:24 AM PDT

Just like the mess politicians are making with the debt ceiling debate, the stock market continues to trade in a choppy fashion for 2011.  Currently we are in the third pullback in the giant trading range that's been in effect all year.  Measured by the S&P 500 the trading range has been only 100 points wide ranging from 1260 to 1360.  July is going to be the first month this year where we don't get a strong window dressing rally to end the month, no doubt aided by our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 29 Jul 2011 05:00 AM PDT

Forexpros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8754, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 0.8736, Thursday&rsquo;s low, and resistance at 0.8884, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.46% to hit 1.4268 and EUR/JPY falling 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: NZDUSD Sits On The 200 Hour MA Support At 0.8635

Posted: 29 Jul 2011 04:55 AM PDT

The NZDUSD is sitting on support on the 200 hour MA at the 0.8635 level.  The risk currencies are under pressure today and the move down in the NZDUSD has taken the price below the 100 hour MA (the trigger) to the next key support level.  If the 200 hour MA can be broken, this should solicit additional selling with the 38.2% retracement at the 0.8617 and the 50% retracement at the 0.85715 being another target.  Those levels were also where lows from Monday and July 22nd are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

As Time Ticks Away, Boehner Tries To Salvage His Debt Plan Today

Posted: 29 Jul 2011 04:52 AM PDT

Yesterday's vote on the House bill never happened as it was postponed with the House Speaker Boehner realizing he didn't have the votes to pass it. Arm-twisting late into the night were unable to get the last votes needs and the rift within the House Republican caucus is wide open for everyone to see.

Boehner will race against the clock to try and come up with a plan that does have enough support to pass his chamber, but his position at the bargaining table is already diminished, and it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Pushes Below 1.4250; Returning To Consolidation With Bearish Bias

Posted: 29 Jul 2011 04:47 AM PDT

Prev: EUR/USD about to Text Critical Support Levels Starting at 1.43 (7/27)
EUR/USD

Support Zone Cracked:
- As we head into the last trading session of the week, the EUR/USD continues to show weakness. 1.4250 was an important pivot to maintain a bullish stance, but there is strong bearish price action hammering and cracking this support.
- If the market closes below 1.4250, it is not clearly bullish anymore in the medium term, as the RSI also breaks below 40. The market is staying in a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Feels Some Global Heat

Posted: 29 Jul 2011 04:45 AM PDT

The risk currencies are coming under pressure today. Problems in Washington, problems in Spain (warning by Moody's) and talk of slower growth in EU has buyers of the high flying pairs feeling some corrective pressure. The hope is that growth in the 2H is going to be above the trend in US.  However, with uncertainy in Washington, I wonder how businesses/consumers will be more upbeat.
From a technical perspective the pair is sitting on a support line a 1.0921. A move below this level … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Down In European Trade

Posted: 29 Jul 2011 04:30 AM PDT

Forexpros – The British Pound was lower against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.3034, down 0.66% at time of writing.<br/><br/> The pair was likely to find support at 1.3011, today&rsquo;s low, and resistance at 1.3288, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.51% to hit 1.6291 and EUR/GBP rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Call For Early Election In Spain Pushes Euro Lower In Pre-NY Open

Posted: 29 Jul 2011 04:20 AM PDT

EUR/USD took a plunge in pre-NY trading as it was revealed that Spain would dissolve its parliament in September and call fresh elections on November 29th.
From Reuters: "Spain's blue chip index extended losses on Friday after Spanish prime minister called for early elections and media reports said Europe's rescue fund may not be in a position to lend Greece its second tranche of loans.

Spain's IBEX 35 fell 0.7 percent, while the FTSEurofirst 300 index of top European shares was down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 29 Jul 2011 04:00 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0936, down 0.63% at time of writing.<br/><br/> The pair was likely to find support at 1.0796, Monday&rsquo;s low, and resistance at 1.1080, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.02% to hit 1.3024 and AUD/JPY falling 0.68% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: Euro Falls After Spain Announces It Will Dissolve Parliament On September 26th And Call General Elections On November 20 According To Sources.

Posted: 29 Jul 2011 03:47 AM PDT

Spanish PM Zapatero says jobless data to continue positive trend.
Will take time to reduce market volatility.
Government are preparing new budget measures, to make extra efforts to meet targets.
C call for early elections November 20th
Early elections will allow new government to be in power by year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During The European Session

Posted: 29 Jul 2011 03:20 AM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8002, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 0.7991, Thursday&rsquo;s low, and resistance at 0.8156, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.39% to hit 1.4278 and USD/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil To Follow S&P 500 Lower, Gold Safe-Haven Role Challenged

Posted: 29 Jul 2011 03:19 AM PDT

Talking Points

Crude Oil Set to Follow S&P 500 Lower
Gold May Not Find Gains in Risk Aversion

WTI Crude Oil (NY Close): $97.44 // +0.04 // +0.04%
S&P 500 stock index futures are ticking aggressively lower ahead of the opening bell on Wall Street, threatening to pull crude oil prices downward amid market-wide risk aversion. Investors are running for the exits after the US Congress put off voting on one of the proposed plans to raise the nation's debt ceiling, fueling risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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