DailyMarkets.com - Gold Cycle Update
DailyMarkets.com - Gold Cycle Update |
- Gold Cycle Update
- Forex – USD/JPY Down During Asian Trade
- Forex Trading: EURUSD Continues To Follow The Channel
- Forex – NZD/USD Up On Economic Data
- New Zealand’s GDP Rises More-than-expected
- US Savings Bonds To Go Digital
- Cartoon Of The Day
- Wednesdays With Wyckoff: Stock Movement In The Broad Market
- Forex – NZD/USD Up In Asian Trade
- The Day Ahead: Earnings – JP Morgan Chase, Google; Data – US Retail Sales, PPI, Initial Jobless Claims, Business Inventories, Euro-zone CPI
- Hot Option Plays: Summer Swing
- Veolia To Treat CONSOL’s Mine Water
- Canadian Solar Showcases ELPS
- Phase III Data On Sanofi’s Lemtrada
- Stock Watch List For Thursday, July 14
- First Fiscal Quarter Results
- Eni To Expedite Egypt Activity
- Arrow Expands Agreement With Carclo
- Earnings Preview: Forest Labs
- Closing Bell Market Monitor: NFLX, KCI, NWS
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Earnings Preview: Seagate.
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.36%
- Freeport Workers Resume Work
- 1000 Green Trucks At WM
- Initiating Mindray At Neutral
- Wright To Demo At The AOFAS
- Statoil To Expand Arctic LNG Plant
- Marriott Remodels Chicago Property
- Forex – GBP/USD Up On Economic Data
- Barron’s: “Gold Stock Trades Signals Potential Bottom In Mining Stocks”
- Alabama Dental Cartel Tried To Squash Competition
- Who Benefits From Mortgage Deductibility?
- Suntech Debuts Twin Solar Panels
- FDA Nod For St. Jude Epiducer
- Mylan Gets HIV Rights From Gilead
- Sallie Mae Downgraded To Neutral
- Ball Corp To ‘Trim’ Cans
- Forex – USD/CHF Down On Economic Data
- Previewing The US Retail Sales Report – Did US Consumers Retrench In June?
- 07/13 FX Options Report
- Hot Option Plays: QE3
- Hot Option Plays: Dollar Down, Market Up
- Gold Speculators Lead Yellow Metal To New Highs, Gold And Silver Miners Surge
- Forex – USD/CAD Down On U.S. Data
- Kinder Morgan Reaffirmed At Neutral
- XL Group Downgraded
- GM Pursues Investment In Midwest
- Campbell Sets Strategic Plan
- CenturyLink To Underperform
- Forex Trading: AUD/USD Rises To Retest Key Resistance
- Forex – USD/JPY Down On U.S. Data
- Developments In Italy Help Calm European Markets, But For How Long?
- Developments In Italy Help Calm European Markets, But For How Long?
- 24-Week Trial Data Announced / Final Module Filed…
- ICAD, Inc: Initiating Coverage At Neutral
- Apache, Crosstex In Gas Plant Deal
- Entergy Scores On The Green Front
- BSX Completes Enrollment
- Forex – EUR/USD Up On Economic Data
- Forex – GBP/USD Up On U.S. Data
- “Fed Stimulus…like A Sugar Fix”
- U.S. Federal Budget Balance Rises Unexpectedly
- Earnings Preview: Valmont Ind.
- Google Earnings Preview: Is Growth Reflected In Stock Price?
- PartnerRe Affirmed At Neutral
- Equinix Adds Capacity In U.K.
- Chevron To Drill Offshore Liberia
- Forex Trading: EURUSD Looks At 1.4131…again
- Bulls Prepping For A Rally Don Red Hat Call Options
- EUR/CHF: Bearish Elliott Wave Cycle Can End With Eurozone Bank Stress Results
- Reviewing Retracement Strategies In Power Trending Gold
- Forex – EUR/USD Up During The U.S. Session
- Latvijas Banka Holds Refinancing Rate At 3.50%
- Forex Trading: GBPUSD Still Showing No Signs Of A Correction
- WFC Converts More Wachovia Stores
- Earnings Preview: Johnson & Johnson
- Earnings Preview: JPMorgan
- Forex Trading: EURUSD Correcting Off The High
- Euro Rebounds, Dollar Slides On Fed Talks
- European Markets Close Higher; Dax Up 1.31%
- Bonds Weakened By Bernanke Promise
- Omega Diagnostics Puts Its Growth Strategy To The Test
- Surprise, Surprise: Screening For Analyst Earnings Amp; Sales Surprise Stocks
Posted: 13 Jul 2011 05:35 PM PDT Gold climbs on US dollar sell offs and sovereign debt issues. Folks on the web say gold will not sell off in the same way silver did stating that gold is now a currency and not a commodity. FLASH news, gold is a commodity and one day very soon those that own it in huge quantities will sell a portion of it just to shake the retail investors out of their positions, so they can buy more. And you can bet, when it does sell off the folks on the web will refer to gold as a ‘commodity’ and ‘sell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – USD/JPY Down During Asian Trade Posted: 13 Jul 2011 04:55 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 78.86, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 78.49, Tuesday’s low, and resistance at 81.48, Friday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.76% to hit 1.4269 and GBP/USD rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex Trading: EURUSD Continues To Follow The Channel Posted: 13 Jul 2011 04:30 PM PDT The EURUSD has continued to trend higher reaching the topside of the trendline on the Moody's threat of a US debt downgrade. The new level for the channel comes in at 1.4254 currently (and moving higher as each hour ticks away). The downside has support against the 1.4213 and then the 1.4197 (these are the minimum levels to get through to change the possible bias). Those levels(see chart below) are where the up sloping trendline on the 5 minute and the 38.2% of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – NZD/USD Up On Economic Data Posted: 13 Jul 2011 04:10 PM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of N.Z. data on GDP.<br/><br/> NZD/USD was trading at 0.8484, up 1.32% at time of writing.<br/><br/> The pair was likely to find support at 0.8112, Tuesday’s low, and resistance at 0.8500, today’s high.<br/><br/> Earlier in the day, official data showed that New Zealand’s gross domestic product rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
New Zealand’s GDP Rises More-than-expected Posted: 13 Jul 2011 04:00 PM PDT Forexpros – New Zealand’s gross domestic product rose more-than-expected in the last quarter, official data showed on Wednesday.<br/><br/>In a report, Statistics New Zealand said that New Zealand’s GDP rose to a seasonally adjusted 0.8%, from 0.2% in the preceding quarter.<br/><br/>Analysts had expected New Zealand’s GDP to rise 0.3% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
US Savings Bonds To Go Digital Posted: 13 Jul 2011 03:57 PM PDT 07/13/11 The Treasury Department’s Bureau of Public Debt announced that paper savings bonds will no longer sold at financial institutions as of January 1, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 13 Jul 2011 03:48 PM PDT |
Wednesdays With Wyckoff: Stock Movement In The Broad Market Posted: 13 Jul 2011 03:43 PM PDT This week's lesson from Richard Wyckoff serves as a reminder of the importance of doing analysis (charting) on the broader stock market indexes instead of relying exclusively on the price chart of an individual stock you are considering trading. |
Forex – NZD/USD Up In Asian Trade Posted: 13 Jul 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.8400, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 0.8112, Tuesday’s low, and resistance at 0.8421, today’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.42% to hit 1.2794 and EUR/NZD rising 0.01% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 13 Jul 2011 10:20 AM PDT D07/13/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Hot Option Plays: Summer Swing Posted: 13 Jul 2011 03:17 PM PDT Cusick’s Corner |
Veolia To Treat CONSOL’s Mine Water Posted: 13 Jul 2011 02:35 PM PDT CONSOL Energy Inc. (NYSE:CNX) has awarded Veolia Water, a division of Veolia Environnement (NYSE:VE), a contract to construct and operate a new state-of-the-art mine water treatment system to be located near Mannington, West Virginia. |
Posted: 13 Jul 2011 02:35 PM PDT Canadian Solar Inc. (NASDAQ:CSIQ) showcased and announced the availability of its proprietary new ELPS (Efficient, Long-Term, Photovoltaic Solution) solar cell technology at the Innovation Exchange at Intersolar North America. |
Phase III Data On Sanofi’s Lemtrada Posted: 13 Jul 2011 02:35 PM PDT Sanofi-Aventis (NYSE:SNY) recently reported mixed data on its phase III multiple sclerosis candidate, Lemtrada (alemtuzumab). Results were presented from the phase III CARE-MS I study, which was conducted in patients with relapsing-remitting multiple sclerosis (RRMS). |
Stock Watch List For Thursday, July 14 Posted: 13 Jul 2011 02:35 PM PDT ( click to enlarge ) The PMI Group, Inc. (NYSE:PMI) may have finally bottomed out. Things to focus on technical chart above is the spike in volume on Wednesday of last week, July 6th. Plus, The downtrend line going back to the January high has been broken. It probably marked the end of the slide and beginning of bottoming. By a technical perspective, the outlook is now bullish and the stock could move to $1.72-1.85 levels in the near term. Stop-loss for existing holdings may be placed at $1.22. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 13 Jul 2011 02:05 PM PDT Ian Gilson, CFA On July 12, 2011 Augme Technology (AUGT) reported its 2012 first fiscal quarter results. Billings and revenue were in line with guidance and our estimates. Gross margins were better than expected and are moving to normal software gross margins of over 80%. However, we were significantly low on our estimate of G&A expenses as the company has ramped G&A expenses to support the company’s anticipated growth and continues to add legal expenses … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Eni To Expedite Egypt Activity Posted: 13 Jul 2011 02:05 PM PDT Italian energy giant, Eni SpA (NYSE:E) has reaffirmed its commitment to Egypt at a meeting with the country's prime minister HE Essam Sharaf in Cairo this week. The company intends to invest $3.0 billion in Egypt over this year and next that would in turn speed up operational activities in the region to capitalize on rising oil prices. |
Arrow Expands Agreement With Carclo Posted: 13 Jul 2011 02:05 PM PDT Arrow Electronics, Inc. (NYSE:ARW) announced that it is expanding its global distribution agreement with Carclo Technical Plastics to distribute its optical products in North America and Asia. Arrow already has an agreement with Carclo to distribute its products in the EMEA region. |
Posted: 13 Jul 2011 02:05 PM PDT Forest Labs (NYSE:FRX) is all set to announce its first quarter fiscal 2012 results on July 19. The Zacks Consensus Estimate for the first quarter is 96 cents, a penny above the year-ago earnings of 95 cents. |
Closing Bell Market Monitor: NFLX, KCI, NWS Posted: 13 Jul 2011 02:00 PM PDT 07/13/11 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 |
Forex – EUR/USD Up At The End Of U.S. Session Posted: 13 Jul 2011 01:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> EUR/USD was trading at 1.4158, up 1.30% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4368, Friday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 13 Jul 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/JPY was trading at 79.00, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 78.49, Tuesday’s low, and resistance at 81.48, Friday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 13 Jul 2011 01:37 PM PDT Seagate Technology Plc (NASDAQ:STX) is scheduled to announce its fourth quarter 2011 results on July 20, 2011 and the modest revision in estimates reflects some key changes in the company's future business prospects. |
Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 13 Jul 2011 01:25 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> EUR/USD was trading at 1.4148, up 1.23% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4368, Friday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
U.S. Markets Close Higher; Dow Jones Up 0.36% Posted: 13 Jul 2011 01:10 PM PDT Forexpros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.36%, the S&P 500 index gained 0.31%, while the Nasdaq 100 index climbed 0.37%.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally adjusted -43.1B last month from -57.6B in the preceding month.<br/><br/>Analysts had expected U.S. federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 13 Jul 2011 01:05 PM PDT Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) employees finally ended their eight day long strike at massive Grasberg mine in Indonesia and resumed work. Previously, thousands of Freeport workers went on strike demanding higher wages and protesting the dismissal of their union leaders. |
Posted: 13 Jul 2011 01:05 PM PDT Waste Management, Inc. (NYSE:WM) has become the largest owner and operator of clean-running, heavy duty refuse trucks in North America by adding the 1000th natural gas truck to its fleet. The trucks are powered by clean-burning natural gas. |
Posted: 13 Jul 2011 01:05 PM PDT We initiate our coverage on Mindray Medical International Limited (NYSE:MR) with a Neutral rating. |
Posted: 13 Jul 2011 01:05 PM PDT International orthopedic devices company Wright Medical (NASDAQ:WMGI) will showcase its foot and ankle products at the American Orthopaedic Foot & Ankle Society ("AOFAS") meet, slated to be held in Keystone, Colorado, between July 13 and 16. |
Statoil To Expand Arctic LNG Plant Posted: 13 Jul 2011 01:05 PM PDT Statoil ASA (NYSE:STO) is mulling over expanding production at its Snoehvit liquefied natural gas (LNG) plant in the Arctic. |
Marriott Remodels Chicago Property Posted: 13 Jul 2011 01:05 PM PDT Marriott International Inc. (NYSE:MAR) is on the verge of completing the renovation of its Chicago Marriott O’Hare property for $40 million. The Chicago hotel near O’Hare is likely to unveil its new look in January 2012. The renovation program covers 470 guest rooms and includes the addition of a state-of-the-art fitness center, 7400 square feet of meeting space and other amenities. |
Forex – GBP/USD Up On Economic Data Posted: 13 Jul 2011 12:55 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> GBP/USD was trading at 1.6109, up 1.23% at time of writing.<br/><br/> The pair was likely to find support at 1.5781, Tuesday’s low, and resistance at 1.6121, today’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Barron’s: “Gold Stock Trades Signals Potential Bottom In Mining Stocks” Posted: 13 Jul 2011 12:50 PM PDT Written on 7-5-11 |
Alabama Dental Cartel Tried To Squash Competition Posted: 13 Jul 2011 12:44 PM PDT The Nonprofit Quarterly (NPQ) has been following a controversy in Alabama involving a battle between the non-profit Sarrell Dental Center and the state’s for-profit, private “dental cartel” and its trade organization – the Alabama Dental Association (ALDA), see news reports here (4/13/2010), here (4/28/11) and here (7/9/2011). Here’s some background: From the clinic’s website: “Sarrell Dental is a non-profit that treats the dental and optical needs of Alabama children ages 1-20 with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Who Benefits From Mortgage Deductibility? Posted: 13 Jul 2011 12:35 PM PDT Much of the discussion about raising tax revenues has been about cutting deductions and tax credits, rather than raising rates. One of the biggest of these is the mortgage interest deduction (MID). |
Suntech Debuts Twin Solar Panels Posted: 13 Jul 2011 12:35 PM PDT Suntech Power Holdings Co. Ltd. (NYSE:STP) launched two new high-performance solar panels, HiPerforma 245 watt module and Suntech 290W Vd Series module. These products are immediately available for purchase in the United States, Canada and Latin America. |
Posted: 13 Jul 2011 12:35 PM PDT Medical devices major St. Jude (NYSE:STJ) won the approval of the U.S. Food and Drug Administration ("FDA") for its Epiducer lead delivery system. |
Mylan Gets HIV Rights From Gilead Posted: 13 Jul 2011 12:35 PM PDT Mylan, Inc. (NYSE:MYL) recently announced that its Indian subsidiary Matrix Laboratories has been granted future rights to produce and sell generic versions of three investigational HIV therapies of Gilead Sciences, Inc. (NASDAQ:GILD), if and when approved. The agreement aims to expand access to HIV therapies in developing nations. The therapies include elvitegravir, an integrase inhibitor; cobicistat, an antiretroviral (ARV) boosting agent; and the “Quad,” a once-daily combination pill of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Sallie Mae Downgraded To Neutral Posted: 13 Jul 2011 12:35 PM PDT We have recently downgraded our recommendation on shares of SLM Corp. (NYSE:SLM) (better known as Sallie Mae) to Neutral. |
Posted: 13 Jul 2011 12:35 PM PDT Ball Corporation (NYSE:BLL) has recently announced the new size of its beverage can, also nicknamed 'Trim' due to its size. Ball Corporation which is a leading producer of aluminum beverage cans, introduced this lightweight can, particularly for health conscious customers. Besides, the can is unbreakable, quick chilling and 100% recyclable. |
Forex – USD/CHF Down On Economic Data Posted: 13 Jul 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/CHF was trading at 0.8194, down 1.35% at time of writing.<br/><br/> The pair was likely to find support at 0.8184, today’s low, and resistance at 0.8520, Friday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Previewing The US Retail Sales Report – Did US Consumers Retrench In June? Posted: 13 Jul 2011 12:27 PM PDT The key risk event in the US tomorrow will be the US Retail Sales report for the month of June, which will be released at 8:30AM ET. We preview this release. Importance of This Event: |
Posted: 13 Jul 2011 12:24 PM PDT EUR/USD came off four month lows, on positive market sentiment. Bernanke announced the Fed is ready to stimulate growth. China GDP came in above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 13 Jul 2011 12:18 PM PDT Cusick’s Corner |
Hot Option Plays: Dollar Down, Market Up Posted: 13 Jul 2011 12:18 PM PDT Cusick’s Corner |
Gold Speculators Lead Yellow Metal To New Highs, Gold And Silver Miners Surge Posted: 13 Jul 2011 12:18 PM PDT by Raghu Gullapalli, SmartStops writer – originally posted at Minyanville |
Forex – USD/CAD Down On U.S. Data Posted: 13 Jul 2011 12:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/CAD was trading at 0.9592, down 0.77% at time of writing.<br/><br/> The pair was likely to find support at 0.9570, Friday’s low, and resistance at 0.9779, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Kinder Morgan Reaffirmed At Neutral Posted: 13 Jul 2011 11:59 AM PDT We are maintaining a Neutral rating on Kinder Morgan Energy Partners, L.P. (NYSE:KMP). |
Posted: 13 Jul 2011 11:59 AM PDT We are downgrading XL Group Plc. (NYSE:XL) to Underperform from Neutral given its significant exposure to catastrophe losses that continue to weigh on results of the company. |
GM Pursues Investment In Midwest Posted: 13 Jul 2011 11:59 AM PDT General Motors Company (NYSE:GM) has announced investment amounting to $130 million at its three plants in the Midwest U.S., namely, Toledo, Ohio, Bedford, Indiana and Wyoming, Michigan. |
Posted: 13 Jul 2011 11:59 AM PDT Campbell Soup Company (NYSE:CPB) divulged its new growth strategy which will primarily focus on expanding the company's three core categories of simple meals, baked snacks and healthy beverages. An improvement in products and packaging is also an area of focus and so is expansion in the international markets. The company is hopeful that the new strategy will yield higher sales growth and superior returns to shareholders. |
Posted: 13 Jul 2011 11:59 AM PDT We are downgrading our long-term recommendation on CenturyLink Inc. (NYSE:CTL) to Underperform from Neutral. |
Forex Trading: AUD/USD Rises To Retest Key Resistance Posted: 13 Jul 2011 11:53 AM PDT AUD/USD (daily chart) as of Wednesday (7/13/2011) has once again approached a retest of key resistance around the 1.0770-1.0790 price region, which has already been tested and respected twice in the month of July. This resistance also represents the 61.8% Fibonacci retracement level of the last major bearish correction extending from the all-time 1.1010 high down to the 1.0440 area low. The current resistance retest occurs within the context of a strong overall uptrend extending back to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – USD/JPY Down On U.S. Data Posted: 13 Jul 2011 11:45 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/JPY was trading at 79.01, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 78.49, Tuesday’s low, and resistance at 81.48, Friday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Developments In Italy Help Calm European Markets, But For How Long? Posted: 13 Jul 2011 11:42 AM PDT We've had a lot of risk events in reagrds to the euro this week with solvency issues in regards to Italy taking the cake now as contagion spreads to the bigger nations from Greece, Portugal and Ireland. We had another downgrade today, that of Ireland, and now all 3 countries that took bailouts are below investment grade. However the attention has firmly turned to Italy this past two weeks and we did see some important developments on that front. |
Developments In Italy Help Calm European Markets, But For How Long? Posted: 13 Jul 2011 11:42 AM PDT We've had a lot of risk events in reagrds to the euro this week with solvency issues in regards to Italy taking the cake now as contagion spreads to the bigger nations from Greece, Portugal and Ireland. We had another downgrade today, that of Ireland, and now all 3 countries that took bailouts are below investment grade. However the attention has firmly turned to Italy this past two weeks and we did see some important developments on that front. |
24-Week Trial Data Announced / Final Module Filed… Posted: 13 Jul 2011 11:35 AM PDT 24-Week Trial Data Announced / Final Module Filed… In early July SANUWAVE (SNWV) announced that they had made the third and final module filing to the FDA for dermaPACE in the treatment of diabetic foot ulcers. Also announced was 24-week data from SANUWAVE’s Phase III IDE study. The data, along with the 12-week results, which were announced in December 2010, will serve as support for FDA approval and were included in the third module filing. The recent data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
ICAD, Inc: Initiating Coverage At Neutral Posted: 13 Jul 2011 11:35 AM PDT Brian Marckx, CFA |
Apache, Crosstex In Gas Plant Deal Posted: 13 Jul 2011 11:35 AM PDT U.S.energy firm Apache Corp. (APA) and Dallas-based Crosstex companies – pipeline operator Crosstex Energy L.P. (XTEX) and its general partner Crosstex Energy Inc. (XTXI) – have teamed up to build a new natural gas processing plant in the Permian Basin in West Texas. The proposed facility will process natural gas from Apache’s Deadwood development in Glasscock County, Texas. |
Entergy Scores On The Green Front Posted: 13 Jul 2011 11:35 AM PDT Integrated energy company Entergy Corporation (NYSE:ETR) scaled new heights in its efforts to curb greenhouse gas emissions. |
Posted: 13 Jul 2011 11:35 AM PDT Boston Scientific Corporation (NYSE:BSX) has completed patient enrollment in the ASTI post-market clinical follow-up study that began in 2010. The study is designed to evaluate Adapt Monorail Carotid stent system in combination with FilterWire EZ Embolic Protection System for treatment of carotid artery disease in patients who are at high risk of surgery. |
Forex – EUR/USD Up On Economic Data Posted: 13 Jul 2011 11:30 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> EUR/USD was trading at 1.4138, up 1.16% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4368, Friday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – GBP/USD Up On U.S. Data Posted: 13 Jul 2011 11:15 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Federal Budget Balance.<br/><br/> GBP/USD was trading at 1.6093, up 1.12% at time of writing.<br/><br/> The pair was likely to find support at 1.5781, Tuesday’s low, and resistance at 1.6121, today’s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
“Fed Stimulus…like A Sugar Fix” Posted: 13 Jul 2011 11:14 AM PDT 07/13/11 DME Securities’ Alan Valdes discusses Bernanke’s latest comments on stimulus measures, and the latest global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
U.S. Federal Budget Balance Rises Unexpectedly Posted: 13 Jul 2011 11:10 AM PDT Forexpros – The U.S. federal budget balance rose unexpectedly last month, official data showed on Wednesday.<br/><br/>In a report, Department of the Treasury said that U.S. federal budget balance rose to a seasonally adjusted -43.1B, from -57.6B in the preceding month.<br/><br/>Analysts had expected U.S. federal budget balance to fall to -65.5B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Earnings Preview: Valmont Ind. Posted: 13 Jul 2011 11:05 AM PDT A leading producer of engineered products, Valmont Industries, Inc. (NYSE:VMI), announced that it would release its results for the second quarter of 2011 before the market opens on July 15, 2011. |
Google Earnings Preview: Is Growth Reflected In Stock Price? Posted: 13 Jul 2011 11:05 AM PDT Thursday after the market close, Google (NASDAQ:GOOG) will report June quarterly earnings with consensus expectations calling for EPS of $6.78. This is down from the $7.05 consensus of 90 days ago. |
Posted: 13 Jul 2011 11:05 AM PDT We have reiterated our 'Neutral' recommendation on PartnerRe Ltd. (NYSE:PRE). |
Posted: 13 Jul 2011 11:05 AM PDT Leading data center solutions provider Equinix Inc. (NASDAQ:EQIX) recently announced the opening of the second phase of its fifth International Business Exchange (IBX) data center (LD5) in London. |
Chevron To Drill Offshore Liberia Posted: 13 Jul 2011 11:05 AM PDT U.S. energy major Chevron Corporation (NYSE:CVX) aims to commence its exploratory drilling activities off the coast of Liberia in the fourth quarter of 2011. |
Forex Trading: EURUSD Looks At 1.4131…again Posted: 13 Jul 2011 10:57 AM PDT It will need to be broken, to give shorts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Bulls Prepping For A Rally Don Red Hat Call Options Posted: 13 Jul 2011 10:54 AM PDT Bulls prepping for a rally don Red Hat call options |
EUR/CHF: Bearish Elliott Wave Cycle Can End With Eurozone Bank Stress Results Posted: 13 Jul 2011 10:51 AM PDT Prev: EUR/CHF: Fresh Record Lows Projected to 1.1520 (7/11) Very Clear Medium Term Bearish Impulse Wave |
Reviewing Retracement Strategies In Power Trending Gold Posted: 13 Jul 2011 10:45 AM PDT So far, there's been no stopping the bullish power trend in gold, but that doesn't mean you should rush out and put on an aggressive gold position just because price continues to rise steadily. As a reference, review some of my prior posts on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – EUR/USD Up During The U.S. Session Posted: 13 Jul 2011 10:45 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4149, up 1.24% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4368, Friday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8788 and EUR/JPY rising 0.97% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Latvijas Banka Holds Refinancing Rate At 3.50% Posted: 13 Jul 2011 10:44 AM PDT Latvijas Banka held its main monetary policy interest rate, the refinancing rate, unchanged at 3.50%, and held its other interest rates unchanged. The Bank said: “In view of the fact that the current inflation risk factors are not related to a rise in demand and that risks for price stability in the medium term are limited, the Bank of Latvia Council today resolved to leave unchanged the interest rates set by the Bank of Latvia and the mandatory reserve requirement in place for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex Trading: GBPUSD Still Showing No Signs Of A Correction Posted: 13 Jul 2011 10:42 AM PDT The GBPUSD has slowed on its move to the upside, but is there a reason to sell? Looking at the hourly chart, the price moved above the channel trendline which is indicative of an acceleration of the trend. In the process the price moved above the July 8th high at the 1.6075 area. The current trendline in the chart comes in at the 1.6082 level. A move below these levels will be needed to give shorts and satisfaction (and perhaps goad solid longs to liquidate soem of their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
WFC Converts More Wachovia Stores Posted: 13 Jul 2011 10:35 AM PDT In an effort to further its integration of Wachovia, Wells Fargo & Co.(NYSE:WFC) has completed the conversion of 300 Wachovia Community Banking locations into Wells Fargo outlets across the southern half of Florida. |
Earnings Preview: Johnson & Johnson Posted: 13 Jul 2011 10:35 AM PDT Johnson & Johnson (NYSE:JNJ) is slated to report its second quarter 2011 earnings on July 19, 2011. The current Zacks Consensus Estimate for the second quarter is $1.24 per share, representing a year-over-year decline of 2.48%. |
Posted: 13 Jul 2011 10:35 AM PDT JPMorgan Chase & Co. (NYSE:JPM) is scheduled to report its second quarter 2011 results before the market opens on Thursday, July 14. The Zacks Consensus Estimate for the quarter is $1.21 per share, representing a growth of about 11% over the year-ago quarter. |
Forex Trading: EURUSD Correcting Off The High Posted: 13 Jul 2011 10:17 AM PDT The EURUSD fell on the back of the Fitch downgrade to CCC for Greek debt. It seemed to be the excuse for some profit taking even though the downgrade was telegraphed earlier today. Nevertheless, off the high or not, shorts in the market still need to have that price move below key support levels like the 1.4131 where the 100 hour MA, the 38.2% of the last leg higher and where the upward sloping channel trend is found. The price is heading toward that level now. Will shorts at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Euro Rebounds, Dollar Slides On Fed Talks Posted: 13 Jul 2011 05:00 AM PDT 07/13/11 The US dollar has reversed recent gains this afternoon following a surge in risk appetite on theFedstating that it would provide more support for the U.S. economy if weak growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
European Markets Close Higher; Dax Up 1.31% Posted: 13 Jul 2011 09:55 AM PDT Forexpros – European stocks were up after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany’s DAX rose 1.31%, London’s FTSE 100 gained 0.60%, France’s CAC 40 climbed 0.48% and the EURO STOXX 50 was up 0.79%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.17%; the S&P 500 index gained 1.20%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Bonds Weakened By Bernanke Promise Posted: 13 Jul 2011 09:10 AM PDT Bond yields reversed declines inspired by panic-driven trading earlier in the week after Fed Chief Bernanke offered the prospect of another round of quantitative easing should a growth rebound undermine central bankers' forecasts. The dollar balked at the thought of further easing, which Mr. Bernanke said need not rely only on quantitative easing but could mean cutting the rate paid on banks' excess reserves in an effort to encourage them to lend. |
Omega Diagnostics Puts Its Growth Strategy To The Test Posted: 13 Jul 2011 06:41 AM PDT Last year, Andrew Shepherd, the chief executive of Omega Diagnostics (LON:ODX), told investors that while he was satisfied with 12 months of solid sales that the company had just delivered, he was nevertheless eager to seek out a value-boosting acquisition. This month, Shepherd reported back to the market on a year that not only produced the all-important transformational deal but also saw an equally important strategic agreement with fellow AIM company Immunodiagnostic Systems (LON:IDH). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Surprise, Surprise: Screening For Analyst Earnings Amp; Sales Surprise Stocks Posted: 13 Jul 2011 04:36 AM PDT In Brief |
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