Monday, July 18, 2011

DailyMarkets.com - Forex – USD/CHF Hovers Near Record Low On U.S. Debt Woes

DailyMarkets.com - Forex – USD/CHF Hovers Near Record Low On U.S. Debt Woes


Forex – USD/CHF Hovers Near Record Low On U.S. Debt Woes

Posted: 18 Jul 2011 02:47 AM PDT

Forexpros – The U.S. dollar was up for the first time in seven days against the Swiss franc on Monday, but remained close to the record low as mounting concerns over a potential U.S. sovereign debt default boosted appeal of the safe haven Swissie.<br />&nbsp;<br />USD/CHF pulled back from 0.8080, the pair&rsquo;s all-time low to hit 0.8166 during European morning trade, edging 0.16% higher. <br /><br />The pair was likely to find short-term support at 0.8080, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Retreat As Financials Drop; DAX Down 1%

Posted: 18 Jul 2011 02:27 AM PDT

Forexpros – European stock markets were sharply lower on Monday, as shares in the financial sector came under selling pressure after European bank stress tests failed to ease concerns over the health of the region&rsquo;s banking sector.&nbsp;&nbsp; <br /><br />During European morning trade, the EURO STOXX 50 sank 1.1%, France&rsquo;s CAC 40 dropped 1.05%, while Germany&rsquo;s DAX 30 declined 1%. <br /><br />The European Banking Authority said … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar, Yen, Swiss Franc Gain As Risk Aversion Sharpens

Posted: 18 Jul 2011 01:45 AM PDT

Forexpros – The U.S. dollar was broadly higher against most of its major counterparts on Monday, as fears over a potential U.S. sovereign debt default and ongoing concerns over the euro zone&rsquo;s debt crisis saw risk aversion sharpen. <br /><br />During European morning trade, the greenback was up against the euro, with EUR/USD slumped 0.71% to hit a three-day low of 1.4055.<br /><br />Euro zone finance ministers were to meet Thursday to focus on &ldquo;the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Falls To 3-day Low Amid Weak Risk Appetite

Posted: 18 Jul 2011 01:30 AM PDT

Forexpros – The pound slumped to a three-day low against the U.S. dollar on Monday, as risk appetite weakened amid ongoing concerns over a potential U.S. sovereign debt default and lingering fears over the euro zone&rsquo;s debt crisis.<br /><br />GBP/USD hit 1.6066 during European morning trade, the pair&rsquo;s lowest since July 13; the pair subsequently consolidated at 1.6084, declining 0.31%.<br /><br />Cable was likely to find support at 1.5904, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Decline On Global Demand Concerns

Posted: 18 Jul 2011 01:15 AM PDT

Forexpros – Crude oil futures were down on Monday, as escalating fears over debt levels in the U.S. and the euro zone raised concerns over a slowdown in global oil demand, while a broadly stronger U.S. dollar also weighed.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD97.15 a barrel during European morning trade, slipping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Edges Lower In Holiday-thinned Trade

Posted: 18 Jul 2011 01:04 AM PDT

Forexpros – The U.S. dollar edged lower against the yen in thin holiday trade on Monday, as concerns over a potential U.S. sovereign debt default boosted the appeal of the safe-haven yen.<br /><br />USD/JPY hit 78.94 during late Asian trade, the pair&rsquo;s daily low; the pair subsequently consolidated at 78.99, declining 0.18%.<br /><br />The pair was likely to find support at 78.45, the low of July 14 and four-month low and resistance at 79.58, the high of July … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Euro Firmer Following Comments That Portugal May Obtain Lower Loan Rates From European Rescue Fund At The EU Leaders Meeting On Thursday.

Posted: 18 Jul 2011 12:47 AM PDT

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


Gold Futures Hit USD1,600 An Ounce On Global Debt Fears

Posted: 18 Jul 2011 12:39 AM PDT

Forexpros – Gold futures rallied to a fresh record high for a fourth day on Monday, climbing past USD1,600 an ounce amid fears over a potential U.S. sovereign debt default and ongoing concerns over the euro zone&rsquo;s debt crisis. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,597.45 a troy ounce during late Asian trade, climbing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Drops To 3-day Low As Risk Aversion Weighs

Posted: 18 Jul 2011 12:27 AM PDT

Forexpros – The Australian dollar was down against its U.S. counterpart for a third day on Monday, falling to a three-day low as risk aversion sharpened amid fears over a potential U.S. sovereign debt default and ongoing concerns over the euro zone&rsquo;s debt crisis. <br /><br />AUD/USD hit 1.0582 during late Asian trade, the pair&rsquo;s lowest since July 13; the pair subsequently consolidated at 1.0604, declining 0.46%.<br /><br />The pair was likely to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Hovers Below Record High After CPI Data

Posted: 18 Jul 2011 12:17 AM PDT

Forexpros – The New Zealand dollar dipped against its U.S. counterpart on Monday, but remained close to a 26-year high after stronger-than-expected inflation data boosted expectations for a near-term interest rate hike by the country&rsquo;s central bank.<br /><br />NZD/USD pulled back from 0.8490 during late Asian trade, the pair&rsquo;s highest since July 14, to subsequently consolidate at 0.8450, edging 0.07% lower. <br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asia Stocks Slump On U.S., EU Debt Woes; Nikkei Closed

Posted: 17 Jul 2011 11:53 PM PDT

Forexpros – Asian stock markets were broadly lower on Monday, as worries over a potential U.S. sovereign debt default and ongoing concerns over the euro zone&rsquo;s debt crisis prompted investors to shun riskier assets. <br /><br />During late Asian trade, Hong Kong’s Hang Seng Index shed 0.2%, South Korea’s Kospi Composite sank 0.69%, while Japan&rsquo;s Nikkei 225 Index was closed for a public holiday. <br /><br />U.S. President Barack Obama said over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 3-day Low As EU Debt Fears Lingers

Posted: 17 Jul 2011 11:38 PM PDT

Forexpros – The euro declined against the U.S. dollar on Monday, dropping to a three-day low as concerns over the region&rsquo;s debt crisis pressured the single currency lower. <br /><br />EUR/USD hit 1.4050 during late Asian trade, the pair&rsquo;s lowest since July 13; the pair subsequently consolidated at 1.4061, shedding 0.65%.<br /><br />The pair was likely to find support at 1.3950, the low of July 13 and resistance at 1.4198, Friday&rsquo;s high. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: Huntington Bancshares (HBAN)

Posted: 17 Jul 2011 11:05 PM PDT

We have upgraded our recommendation on Huntington Bancshares Inc. (NASDAQ:HBAN) to Outperform following a detailed analysis of the company fundamentals in light of the current economic environment. The company is exhibiting growth in its loan portfolio, which surpasses its peers.
The company reported better-than-expected first quarter 2011 results on the back of credit quality improvement and a modest growth in loans and deposits. Strategic initiatives are right on track, and the company is poised … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Wolverine Worldwide

Posted: 17 Jul 2011 11:05 PM PDT

Wolverine Worldwide (NYSE:WWW) recently reported its fifth consecutive positive earnings surprise on record quarterly revenue.
Despite the strong quarter, management reiterated its revenue and EPS guidance for the remainder of the year. Perhaps they were being too conservative though, as analysts have been raising their earnings estimates over the last few days, sending the stock to a Zacks #2 Rank (Buy).
Based on consensus estimates, Wolverine is expected to grow EPS by 14% in 2011 and 11% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Genworth Financial Inc. (GNW)

Posted: 17 Jul 2011 11:05 PM PDT

We are downgrading our recommendation on Genworth Financial (NYSE:GNW) to Underperform as we expect the mortgage insurance business to remain pressured. The first quarter also suffered a greater year-over-year loss at the U.S. Mortgage Insurance segment. First-quarter operating income lagged the Zacks Consensus Estimate by a penny.
We expect that the elevated unemployment rate will continue pressuring the mortgage insurance business. Additionally, improvements in its other business lines are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Virtusa Corp

Posted: 17 Jul 2011 11:05 PM PDT

Virtusa (NASDAQ:VRTU) is showing consistently strong growth rates for the near future. And that growth is coming at a very reasonable price.
With revenues on the rise and a new acquisition, analysts are raising estimates just ahead of the next earnings report, a great signal.
Company Description
Virtusa provides IT services to such as consulting, maintenance, development and others to clients on a global scale.
Revenue Surging
The last quarterly update came back in May and showed a 22% increase in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: Watson Pharmaceuticals, Inc.

Posted: 17 Jul 2011 11:05 PM PDT

Watson Pharmaceuticals, Inc. (NYSE:WPI) has been riding an incredibly smooth trend higher for most of the last 12 months, recently hitting a new all-time high on strong Q1 results that came in ahead of expectations. With estimates on the rise, and a bullish growth projection, this Zacks #1 Rank stock has plenty of momentum.
Company Description
Watson Pharmaceuticals, Inc. develops and manufactures both generic and branded pharmaceutical products with a specialty in urology and womens health. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 17 Jul 2011 10:40 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4072, down 0.59% at time of writing.<br/><br/> The pair was likely to find support at 1.3963, Wednesday&rsquo;s low, and resistance at 1.4282, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.43% to hit 0.8736 and EUR/JPY falling 0.73% 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: 17 Jul 2011 10:15 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6107, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.5912, Wednesday&rsquo;s low, and resistance at 1.6195, 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 0.40% to hit 0.8738 and GBP/JPY falling 0.31% 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: 17 Jul 2011 09:50 PM PDT

Forexpros – The Euro was lower against the Swiss Franc on Monday.<br/><br/> EUR/CHF was trading at 1.1424, down 1.02% at time of writing.<br/><br/> The pair was likely to find support at 1.1412, today&rsquo;s low, and resistance at 1.1722, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.60% to hit 1.4069 and EUR/JPY falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During The Asian Session

Posted: 17 Jul 2011 09:20 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8126, down 0.34% at time of writing.<br/><br/> The pair was likely to find support at 0.8084, Wednesday&rsquo;s low, and resistance at 0.8331, Wednesday&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 0.57% to hit 1.4075 and USD/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FDIC Shutters Two Georgia Banks

Posted: 17 Jul 2011 09:00 PM PDT

07/18/11 The FDIC closed High Trust Bank and One Georgia Bank, assuming the deposits and some assets of the regional financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Down In Asian Trade

Posted: 17 Jul 2011 09:00 PM PDT

Forexpros – The Euro was lower against the British Pound on Monday.<br/><br/> EUR/GBP was trading at 0.8741, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 0.8733, today&rsquo;s low, and resistance at 0.8847, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.59% to hit 1.4071 and EUR/JPY falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In Asian Trading Hours

Posted: 17 Jul 2011 08:35 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 79.05, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday&rsquo;s low, and resistance at 79.60, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.55% to hit 1.4077 and GBP/USD falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up During The Asian Session

Posted: 17 Jul 2011 08:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9577, up 0.41% at time of writing.<br/><br/> The pair was likely to find support at 0.9521, Friday&rsquo;s low, and resistance at 0.9646, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.57% to hit 1.4074 and GBP/USD falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down During The Asian Session

Posted: 17 Jul 2011 07:45 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of N.Z. data on CPI.<br/><br/> NZD/USD was trading at 0.8444, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8194, Wednesday&rsquo;s low, and resistance at 0.8506, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in New Zealand rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold And Silver’s Bullish Targets In A Risk-Off Environment

Posted: 17 Jul 2011 07:37 PM PDT

Prev
Gold: Gold Edges out Fresh Record High; Breakout Projection Targets 1670 (7/13)
Silver: A double bottom in silver targets 43, 45.85 (7/14)
Gold (XAU/USD)

- Looking at the 4H chart, the market appears to be confirming its intent to make fresh record highs after breaking the 1576 high last week.
- The 4H RSI is staying above 70, and the RSI in the Daily chart returned above 70 after failing to sustain a break below 40 (bullish momentum maintained).
- This current risk-off environment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In Asian Trade

Posted: 17 Jul 2011 07:30 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0606, down 0.44% at time of writing.<br/><br/> The pair was likely to find support at 1.0583, today&rsquo;s low, and resistance at 1.0804, 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 0.20% to hit 1.3263 and AUD/JPY falling 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Singapore Stock Market Update For Monday 18 July

Posted: 17 Jul 2011 07:21 PM PDT

Asian market holds on to small gains after US market finished in green on last friday. Deputy Prime Minister Tharman Shanmugaratnam had warned Singapore that they should prepare themselves for the impact of a sluggish global economy in the coming months. Market has no direction still so no short term trading to avoid whip-saw.

Earning Announcement Dates for Company

Wed 20 July – Keppel Land (2Q 11)
Thurs 21 July – Keppel (2Q 11)
Tues 26 July – Osim (2Q 11)
Thurs 28 July – DBS (2Q 11) , SIA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/CHF Down In Asian Trading Hours

Posted: 17 Jul 2011 07:05 PM PDT

Forexpros – The British Pound was lower against the Swiss Franc on Monday.<br/><br/> GBP/CHF was trading at 1.3087, down 0.53% at time of writing.<br/><br/> The pair was likely to find support at 1.3039, Monday&rsquo;s low, and resistance at 1.3276, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.24% to hit 1.6096 and EUR/GBP falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Dangerous Hi-Jinks Of The GOP’s Juveniles

Posted: 17 Jul 2011 06:43 PM PDT

I've spent enough of my life in Washington to take its theatrics with as much seriousness as a Seinfeld episode. A large portion of what passes for policy debate isn't at all — it's play-acting for various constituencies. The actors know they're acting, as do their protagonists on the other side who are busily putting on their own plays for their own audiences.
Typically, though, back stage is different. When the costumes and grease paint come off, compromises are made, deals put … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Austalian Economy Is In The Long Drop

Posted: 17 Jul 2011 06:41 PM PDT

The long drop is referred to as a outhouse or outside toilet. Australia economy can not be judged by its screaming higher Aussie Dollar, the only companies making any money are resources and energy sector digging up stuff for China. Everything else is in the doldrums.

Source: Alarm bells clang on Oz economy

Extracts

Signs of trouble in Australia’s retail sector set new bells ringing for an economy whose fortunes now rest largely with mineral and energy resources and the health of China, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 17 Jul 2011 06:35 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4067, down 0.62% at time of writing.<br/><br/> The pair was likely to find support at 1.3963, Wednesday&rsquo;s low, and resistance at 1.4282, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.44% to hit 0.8736 and EUR/JPY falling 0.79% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD: 1.42 Defended To Start Week

Posted: 17 Jul 2011 06:24 PM PDT

Prev: EUR/USD Supported at 1.41, Targets 1.43, 1.4450 If US CPI is Subdued and Stress Tests Do Not Stir (7/15)

EUR/USD

- The EU stress test results were not great, but not as bad as anticipated neither.
- However the 1.42 level was defended on Friday, and well defended to start the week as well, as the EUR/USD opened with a gap to the downside.
- Getting deeper into the Asian session, the market is in a declining support.
- The RSI in the 1H chart is breaking below 40, and killing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


First PhilippineHoldings Corporation (FPH) Target Price

Posted: 17 Jul 2011 06:22 PM PDT

First Philippine Holdings Corporation (FPH)
Consensus Target Price: PHP 78.85

Firm
Analyst
Target Price
Date Released

 
 
 
 

Deutsche Bank
Dela-Rosa
80.00
6/14/2011

Kim Eng Securities
Dy-Liaco
83.00
6/10/2011

SB Securities
Balita
68.00
5/19/2011

CLSA
Mercado
67.00
5/6/2011

CitisecOnline.com
Chine
96.26
5/1/2011

*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


Forex – USD/JPY Down In Asian Trading Hours

Posted: 17 Jul 2011 06:00 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 79.00, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday&rsquo;s low, and resistance at 79.60, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.59% to hit 1.4071 and GBP/USD falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Down In Asian Trade

Posted: 17 Jul 2011 05:25 PM PDT

Forexpros – The Euro was lower against the Japanese Yen on Monday.<br/><br/> EUR/JPY was trading at 111.42, down 0.53% at time of writing.<br/><br/> The pair was likely to find support at 110.86, Wednesday&rsquo;s low, and resistance at 112.92, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.47% to hit 1.4089 and EUR/GBP falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYFP’s Wall Street Lingo: Technical & Fundamental Analysis

Posted: 17 Jul 2011 12:00 PM PDT

07/17/11 Todd Schoenberger of LandColt Trading Introduces us to the terms technical analysis and fundamental analysis while discussing the important roles they play in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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