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- Factory Output Flat
- Quest And Genomic Vision Tie Up
- Forex – AUD/USD Down In U.S. Trade
- Warnaco Takes Calvin Klein To India
- Earnings Preview: Halliburton
- Style Anomaly: Pure Value
- Excel Trust Acquires Premium Asset
- Forex – NZD/USD Up During The U.S. Session
- “Today’s Driving Force…economic Data”
- UnitedHealth Reiterated At Neutral
- Downgrading Rogers Communications To Neutral
- Earnings Preview: CA Inc.
- J.B. Hunt Meets EPS, Misses Rev
- CPI Falls, But Core Rises
- EBay Aims Mobile Carrier Billing (Revised)
- Commerce Bancshares Beats Estimates
- Deutsche Boerse-NXY Merger On Track
- Forex – GBP/USD Up In U.S. Trade
- European Markets Mixed At Close; Dax Up 0.07%
- Hartford To Break-even In 2Q
- AXIS Capital Estimates 2Q CAT Loss
- What Is The Sector Rotation Model Saying In July 2011
- Stress Tests Show Only 8 Banks Fail
- Reliance Steel Acquires Continental
- CAT Losses To Hurt Allstate’s 2Q
- Forex – EUR/USD Up At The End Of European Session
- Forex Trading: EURUSD Moves Higher Just Prior To Stress Test Results.
- High GPAs Have Little Use As Student Motivator Or Evaluation Tool For Grad Schools And Employers
- Forex – USD/JPY Down Toward The End Of European Session
- Citi Beats, Keeps The Mood Upbeat
- Google On Top After Stellar Results
- PX’s Brazilian Unit Signs Contract
- Washington Federal Beats Marginally
- Valmont Beats Consensus
- Forex – GBP/USD Up Toward The End Of European Session
- Can Obama Pull A Clinton On The GOP?
- Mattel Tops Estimates
- IBM Opens Data Centers In Japan
- Earnings Preview: Goldman Sachs
- The Rise Of The Wrecking-Ball Right
- Volkswagen AG Reports A New First-half Sales Record
- Forex – EUR/USD Down On U.S. Data
- Word From The Floor: US Stocks Open Higher, Turn Mixed
- Forex – GBP/JPY Down On Economic Data, Earnings
- Forex Trading: EUR/USD Resumes Bearish Stance After Bullish Correction
- Forex Trading: EURUSD Breaks Lower And Tests 100 Hour MA Again
- Forex – NZD/USD Down On U.S. Data
- Reinhart, Rogoff, And Bhide Warn America And World
- Morning Market Report
- Ian Bowles Targets Market Expansion At Allocate Software
| Posted: 15 Jul 2011 11:35 AM PDT Total Industrial Production rose 0.2% in June, which was below the expected 0.3% increase. The report is weaker than that would indicate since both May and April were revised down, May from up 0.1% to down 0.1% and April from unchanged to down 0.1%.
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| Quest And Genomic Vision Tie Up Posted: 15 Jul 2011 11:35 AM PDT Leading diagnostics player, Quest Diagnostics (NYSE:DGX) entered into a multi-year collaboration agreement with a biotechnology company, Genomic Vision for the latter's molecular combing (also known as DNA combing) genomic-analysis technology. The agreement provides Quest with rights to develop Genomic Vision's DNA combing technology in the US, India and Mexico. However, the rights to market new tests developed from the collaboration in Europe (other than UK), Middle East and Africa lie with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – AUD/USD Down In U.S. Trade Posted: 15 Jul 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on NY Empire State Manufacturing Index.<br/><br/> AUD/USD was trading at 1.0636, down 0.82% at time of writing.<br/><br/> The pair was likely to find support at 1.0525, Tuesday’s low, and resistance at 1.0804, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Warnaco Takes Calvin Klein To India Posted: 15 Jul 2011 11:05 AM PDT Warnaco Group Inc. (NYSE:WRC), the leading global apparel company engaged in the business of designing, sourcing, marketing and selling men's, women's and children's sportswear is planning to tap into the growing Indian market along with Brand Marketing India.
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| Posted: 15 Jul 2011 11:05 AM PDT Major oilfield services provider Halliburton Co. (HAL) is scheduled to report its second quarter 2011 results on July 18, 2011 before the start of trading.
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| Posted: 15 Jul 2011 11:05 AM PDT This previous article in our Equity Market Anomalies series focused on the Value versus Growth investing conundrum (Style Anomaly: Value Versus Growth), and it showed that Value typically outperforms Growth by an average of 11% per year since 2000.
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| Excel Trust Acquires Premium Asset Posted: 15 Jul 2011 11:05 AM PDT Excel Trust, Inc. (EXL), a real estate investment trust (REIT) primarily focusing on retail assets, has recently acquired 'The Promenade' – a 729,921 square foot retail shopping center in Scottsdale, Arizona, for approximately $110 million. The acquisition was structured as an off-market transaction, which refers to a deal that occurs outside a formal market directly between two participating entities primarily through negotiations.
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| Forex – NZD/USD Up During The U.S. Session Posted: 15 Jul 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on CPI.<br/><br/> NZD/USD was trading at 0.8450, up 0.34% at time of writing.<br/><br/> The pair was likely to find support at 0.8112, Tuesday’s low, and resistance at 0.8506, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| “Today’s Driving Force…economic Data” Posted: 15 Jul 2011 10:41 AM PDT 07/15/11 OnPoint Executions’ Bobby Heller discusses the latest earnings, economic data and fundamentals. Heller weighs in on the US debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| UnitedHealth Reiterated At Neutral Posted: 15 Jul 2011 10:35 AM PDT We are reiterating our Neutral recommendation on the shares of UnitedHealth Group Inc. (UNH), prior to the release of second quarter 2011 results. We anticipate the company's earnings per share for the second quarter to be 94 cents. The company's earnings estimate has been revised upward once over the past seven days and thrice over the past thirty days. However, there was no downward adjustment.
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| Downgrading Rogers Communications To Neutral Posted: 15 Jul 2011 10:35 AM PDT We downgrade our recommendation on Rogers Communications Inc. (NYSE:RCI) to Neutral based on its current valuation. The stock price has soared nearly 20% during the last four months and is trading at the high-end of its 52-week price range at present. Nevertheless, the company continues to show signs of improvement as it has become the first wireless operator in Canada to launch super-fast (4G) LTE networks.
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| Posted: 15 Jul 2011 10:35 AM PDT CA Inc. (NASDAQ:CA) is scheduled to announce its first quarter 2012 results on July 20, 2011 after market closes, and we do not see much variation in the analysts' estimates at this point.
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| J.B. Hunt Meets EPS, Misses Rev Posted: 15 Jul 2011 10:35 AM PDT J.B. Hunt Transport Services (NASDAQ:JBHT), the third-largest U.S. truckload carrier, reported second quarter 2011 earnings of 53 cents per share, which came in at par with the Zacks Consensus Estimate. Earnings per share rose 32.5% from 40 cents earned in the year-ago quarter.
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| Posted: 15 Jul 2011 10:35 AM PDT The Consumer Price Index (CPI) fell by 0.2% in June, reversing a 0.2% increase in May and down from its 0.4% rise in April. Year over year it is up 3.6%. It was slightly below the consensus expectation of a 0.1% decrease.
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| EBay Aims Mobile Carrier Billing (Revised) Posted: 15 Jul 2011 10:05 AM PDT E-commerce service provider, eBay Inc. (NASDAQ:EBAY) has agreed to acquire the Menlo Park-based mobile carrier billing payment company Zong for $240 million in cash.
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| Commerce Bancshares Beats Estimates Posted: 15 Jul 2011 10:05 AM PDT Commerce Bancshares Inc. (NASDAQ:CBSH) reported its second quarter 2011 earnings per share of 79 cents, beating the Zacks Consensus Estimate of 72 cents. The result also compared favorably with the prior quarter's earnings of 69 cents and the year-ago quarter's earnings of 68 cents.
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| Deutsche Boerse-NXY Merger On Track Posted: 15 Jul 2011 10:05 AM PDT The Deutsche Boerse-NYSE Euronext Inc. (NYX) merger recently overcame its second major snag, winning 80% Deutsche Boerse shareholder vote in favor of the deal. The transaction will give Deutsche Boerse a 60% ownership in the combined entity, while NYSE Euronext Chief Executive Officer, Duncan Niederauer, will be at the helm of its operations.
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| Forex – GBP/USD Up In U.S. Trade Posted: 15 Jul 2011 10:00 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Industrial Production.<br/><br/> GBP/USD was trading at 1.6145, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.5781, Tuesday’s low, and resistance at 1.6195, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| European Markets Mixed At Close; Dax Up 0.07% Posted: 15 Jul 2011 09:55 AM PDT Forexpros – European stocks were mixed after the closing bell on Friday.<br/><br/> At the close of European trade, Germany’s DAX rose 0.07%, London’s FTSE 100 shed 0.06%, France’s CAC 40 declined 0.66% and the EURO STOXX 50 was down 0.74%.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York fell unexpectedly to a seasonally adjusted -3.80 last month from -7.80 in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Jul 2011 09:35 AM PDT Yesterday, Hartford Financial Services Group Inc. (NYSE:HIG) charted out its preliminary results for the second quarter of 2011, whereby the reported net income is expected to be $24 million or 3 cents per share, substantially lower than $76 million or 14 cents recorded in the year-ago quarter.
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| AXIS Capital Estimates 2Q CAT Loss Posted: 15 Jul 2011 09:35 AM PDT AXIS Capital Holdings Limited (NYSE:AXS) estimates second quarter results to be adversely affected by $90-$105 million, net of reinsurance coverage, tax and reinstatement premiums, owing to the June earthquake in New Zealand and the series of severe weather events in the U.S. in April and May.
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| What Is The Sector Rotation Model Saying In July 2011 Posted: 15 Jul 2011 09:19 AM PDT What signals or clues are coming from the broader Sector Rotation Model as we see it in July 2011? Consistent from our prior update in May 2011, the Sector Rotation Model continues to show Defensive/Protective money flows, which casts a cautious tone over the broader state of the stock market.
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| Stress Tests Show Only 8 Banks Fail Posted: 15 Jul 2011 09:14 AM PDT The Euro-zone stress tests have been revealed and the results are likely better than expected as only 8 banks failed the stress tests. Out of those 8 banks – 5 Spanish, 2 Greece, 1 Austrian failed. The EUR crosses were mildly positive in the 5 minutes after the release, but the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Reliance Steel Acquires Continental Posted: 15 Jul 2011 09:05 AM PDT Metals processor, Reliance Steel & Aluminum Co. (NYSE:RS) agreed to buy Continental Alloys & Services Inc. and some affiliated companies for an undisclosed amount.
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| CAT Losses To Hurt Allstate’s 2Q Posted: 15 Jul 2011 09:05 AM PDT On Wednesday, home and auto insurer, Allstate Corp. (NYSE:ALL) projected about $0.3 billion in pre-tax catastrophe (CAT) losses for June 2011. Including the April and May estimates of $1.4 billion and $0.6 billion, respectively, the company is expected to incur about $2.3 billion in CAT losses in the second quarter of 2011, which will likely be released before the market opens on August 1, 2011.
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| Forex – EUR/USD Up At The End Of European Session Posted: 15 Jul 2011 09:00 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.<br/><br/> EUR/USD was trading at 1.4155, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4282, Wednesday’s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Moves Higher Just Prior To Stress Test Results. Posted: 15 Jul 2011 08:56 AM PDT The EURUSD moved above the 200 bar MA at the 1.4150 level, triggering stops and the price moved up to 1.4168 in seconds. The stress test results are to be announced shortly. There will likely be failures scattered among the 90 banks tested.
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| High GPAs Have Little Use As Student Motivator Or Evaluation Tool For Grad Schools And Employers Posted: 15 Jul 2011 08:55 AM PDT Stuart Rojstaczer is a retired Duke University professor who has tirelessly crusaded for several decades against “grade inflation” at U.S. universities and maintains a website with lots of historical GPA data and charts (GradeInflation.com). The chart above illustrates grade inflation at the University of Michigan-Ann Arbor over roughly the last half century (data here), with the average GPA rising from 2.57 in 1951 (C+/B-) to 3.27 by 2008 (B+). The grade inflation at Michigan is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Down Toward The End Of European Session Posted: 15 Jul 2011 08:40 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on CPI.<br/><br/> USD/JPY was trading at 79.07, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday’s low, and resistance at 80.83, Monday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Citi Beats, Keeps The Mood Upbeat Posted: 15 Jul 2011 08:35 AM PDT Citigroup Inc.'s (NYSE:C) second quarter 2011 earnings per share of $1.09 outpaced the Zacks Consensus Estimate of 96 cents. The result also improved from the prior quarter’s 99 cents and last year’s 90 cents.
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| Google On Top After Stellar Results Posted: 15 Jul 2011 08:35 AM PDT Google Inc's(NASDAQ:GOOG) second-quarter earnings of $7.68 thrashed the Zacks Consensus Estimate of $6.79, even as solid revenues and a lower tax rate offset declining margins. Google performed solidly across segments and geographies, allaying fears that its search business was under pressure.
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| PX’s Brazilian Unit Signs Contract Posted: 15 Jul 2011 08:35 AM PDT Praxair Inc. (NYSE:PX) is in constant effort to expand its operations in the existing operating areas and new regions by adding new customers. The company's Brazilian arm, White Martin, recently signed a gas supply contract with Braskem, the largest petrochemical company in the Americas and the world's largest biopolymers producer.
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| Washington Federal Beats Marginally Posted: 15 Jul 2011 08:35 AM PDT Washington Federal Inc.'s (NASDAQ:WFSL) fiscal third quarter (ended June 30, 2011) earnings came in at 27 cents per share, two cents ahead of the Zacks Consensus Estimate.
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| Posted: 15 Jul 2011 08:35 AM PDT The second-quarter 2011 net earnings of Valmont Industries, Inc. (NYSE:VMI), a leading producer of engineered products, increased 48% to $1.58 per share from last years' $1.10, surpassing the Zacks Consensus Estimate of $1.45. Earnings after accounting for non-recurring items of $0.14 per share amounted to $1.72 per share in the quarter versus $0.65 per share in the prior year quarter.
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| Forex – GBP/USD Up Toward The End Of European Session Posted: 15 Jul 2011 08:25 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.<br/><br/> GBP/USD was trading at 1.6143, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.5781, Tuesday’s low, and resistance at 1.6195, Wednesday’s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Can Obama Pull A Clinton On The GOP? Posted: 15 Jul 2011 08:09 AM PDT After a bruising midterm election, the president moves to the political center. He distances himself from his Democratic base. He calls for cuts in Social Security and signs historic legislation ending a major entitlement program. He agrees to balance the budget with major cuts in domestic discretionary spending. He has a showdown with Republicans who threaten to bring government to its knees if their budget demands aren't met. He wins the showdown, successfully painting them as radicals. He … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 15 Jul 2011 08:05 AM PDT Mattel Inc (NYSE:MAT) reported second quarter 2011 earnings of 23 cents per share, beating the Zacks Consensus Estimate of 16 cents per share and the year-ago quarter earnings of 14 cents per share. The better-than-expected results were driven by strong sales of its brands including Barbie and Other Girl Brands as well as robust sales arising from the success of film Cars 2. The company also enhanced its operating margin through cost-saving initiatives.
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| IBM Opens Data Centers In Japan Posted: 15 Jul 2011 08:05 AM PDT Information Technology (IT) major, International Business Machines Corp. (IBM) recently announced the opening of two new data centers in Japan.
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| Earnings Preview: Goldman Sachs Posted: 15 Jul 2011 08:05 AM PDT The Goldman Sachs Group Inc. (NYSE:GS) is scheduled to report its second-quarter 2011 results before the opening bell on Tuesday, July 19.
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| The Rise Of The Wrecking-Ball Right Posted: 15 Jul 2011 08:04 AM PDT Recently I debated a conservative Republican who insisted the best way to revive the American economy was to shrink the size of government. When I asked him to explain his logic he said, simply, "government is the source of all our problems." When I noted government spending had brought the economy out of the previous eight economic downturns, including the Great Depression, he disagreed. "The Depression ended because of World War Two," he pronounced, as if government had played no part … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Volkswagen AG Reports A New First-half Sales Record Posted: 15 Jul 2011 08:00 AM PDT 07/15/11 Strong growth in the Asia-Pacific region led the way for Germany’s Volkswagen AG to set a new first-half group sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down On U.S. Data Posted: 15 Jul 2011 08:00 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on CPI.<br/><br/> EUR/USD was trading at 1.4122, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4282, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. fell more-than-expected to a seasonally adjusted -0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Word From The Floor: US Stocks Open Higher, Turn Mixed Posted: 15 Jul 2011 02:47 AM PDT 07/15/11 The equity averages started strong on earnings, M&A news and mixed data. Weakness in consumer sentiment weighed on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/JPY Down On Economic Data, Earnings Posted: 15 Jul 2011 07:40 AM PDT Forexpros – The British Pound was lower against the Japanese Yen on Friday after the release of U.S. data on CPI.<br/><br/> GBP/JPY was trading at 127.26, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 124.89, Tuesday’s low, and resistance at 129.43, Monday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EUR/USD Resumes Bearish Stance After Bullish Correction Posted: 15 Jul 2011 07:27 AM PDT EUR/USD (daily chart) as of Friday (7/15/2011) has once again resumed its bearish stance after making a bullish correction up to 1.4280, which was the level of the 100-period simple moving average. That bullish correction occurred after price action broke down below a large triangle pattern extending back to the May 1.4940 high, and then ultimately hitting a low this week at around 1.3835 with a hammer candle. After making the bullish correction and topping out with a shooting star candle, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Breaks Lower And Tests 100 Hour MA Again Posted: 15 Jul 2011 07:25 AM PDT Is it risk off on continued Washington bickering (I don't get risk on/risk off with regard to the EURUSD to be honest – both are risky)? Is it moving below the 1.4111 level again? There is talk that a few German banks were close to failing the stress test. There is other estimates that 21-26 banks in total will fail. Could that be it? There is a lot going on. The EURUSD is moving back lower.
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| Forex – NZD/USD Down On U.S. Data Posted: 15 Jul 2011 07:20 AM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Industrial Production.<br/><br/> NZD/USD was trading at 0.8410, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.8112, Tuesday’s low, and resistance at 0.8506, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Reinhart, Rogoff, And Bhide Warn America And World Posted: 15 Jul 2011 07:09 AM PDT I love reading the work of intelligent economic 'giants' who both get it and eloquently share it.
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| Posted: 15 Jul 2011 01:15 AM PDT 07/15/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Ian Bowles Targets Market Expansion At Allocate Software Posted: 15 Jul 2011 02:09 AM PDT Last summer, Allocate Software (LON:ALL) won a contract with the government of New South Wales in Australia to supply its staffing management software across the state's entire public health system. It was a deal that Ian Bowles, Allocate's chief executive, believes is still one of the largest e-rostering healthcare projects in the world, covering 90,000 staff. A year on, Bowles and his management team have just expanded their presence in the Australian market with the acquisition of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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