Thursday, July 14, 2011

DailyMarkets.com - Initial Claims Fall To 405K

DailyMarkets.com - Initial Claims Fall To 405K

Initial Claims Fall To 405K

Posted: 14 Jul 2011 08:05 AM PDT

Initial Claims for Unemployment Insurance fell by 22,000 last week to 405,000. This was better than the expected level of 419,000. However, last week’s numbers were revised upwards by 9,000, so one could see it as a decline of just 13,000.
Recently initial claims seem stuck once again in a trading range above the 400,000 level. That is a very worrisome trend. This is the 14th straight week we have been above the 400,000 level. Still, this is the second week in a row of significant improvement, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SINA Set To Launch Weibi

Posted: 14 Jul 2011 08:05 AM PDT

SINA Corp. (SINA) will launch virtual currency "Weibi" for its Weibo microblogging service in the third quarter of 2011, according to a recent report from news agency Reuters.
Weibi (value equals to one yuan) will allow microblog users to buy virtual items and services provided by third-party application developers. Analysts believe that SINA intends to monetize the popular microblogging sevice through the roll out of this virtual currency. They also believe that this reflects SINA's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UFPI Beats Estimate, Outlook Dark

Posted: 14 Jul 2011 08:05 AM PDT

Universal Forest Products Inc. (NASDAQ:UFPI) reported its financial results for the second quarter 2011 on July 13. Earnings per share, excluding 11 cents per share of severance and early retirement charges were 33 cents compared with 70 cents in the year-ago quarter. However, results were above the Zacks Consensus Estimate of 15 cents per share.
Revenue
Universal Forest’s top line in the second quarter decreased 14.8% year over year to $544.1 million. However, compared with the previous quarter the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Draft Guidance Should Help Streamline Approvals For Companion Diagnostics

Posted: 14 Jul 2011 07:40 AM PDT

Brian Marckx, CFA
FDA Draft Guidance Should Help Streamline Approvals for Companion Diagnostics

This morning the FDA issued a draft guidance for in vitro companion diagnostic services. The agency is currently seeking public input on the guidance.  When the guidance is finalized it will serve as a guide to FDA’s policy for reviewing companion diagnostic tests and the related drug therapy.  The FDA is rolling out their new guidelines as a result of the significantly ramping activity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Mattel

Posted: 14 Jul 2011 07:35 AM PDT

The world's largest manufacturer of toys, Mattel Inc. (NYSE:MAT) is slated to release its second quarter 2011 results on Friday, July 15, before the opening bell. The current Zacks Consensus Estimate for the second quarter is pegged at 16 cents per share, representing an annualized growth of 13.33%. The Zacks Consensus Sales estimate for the second quarter is $1,101 million.
With respect to earnings surprises over the trailing four quarters, Mattel witnessed significant upside from approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marriott In Line, Guides Lower

Posted: 14 Jul 2011 07:20 AM PDT

Marriott International Inc. (NYSE:MAR) reported second quarter 2011 earnings of 37 cents per share, in line with the Zacks Consensus Estimate, but up 19% year over year. Earnings were also within the company's guided range of 34 cents to 38 cents.
The year-over-year results improved based on the company's growth in the international market as well as strong demand in the North American market attributable to limited supply growth. Total revenue aggregated $2.97 billion, up 7% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apax And Pension Funds To Buy KCI

Posted: 14 Jul 2011 07:20 AM PDT

Private equity firm Apax Partners and two Canadian pension funds are set to acquire leading medical technology company Kinetic Concepts (NYSE:KCI). The deal, including Kinetic’s outstanding debt, is valued at approximately $6.3 billion.
As an independent global partnership, Apax exclusively focuses on long-term investment in growth companies. The acquisition of Kinetic is part of Apax's intention to support deals in the financial & business services, healthcare, media, retail & consumer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 14 Jul 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 993

Posted: 14 Jul 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Double Bottom In Silver Targets 43, 45.85

Posted: 14 Jul 2011 07:10 AM PDT

Silver: Bullish Breakout can Lead to 39.50; 35.10 is Pivotal Support (7/11)
Silver (XAG/USD)

- After Bernanke left the possibility of QE3 open in yesterday's scheduled testimony, commodity prices rose. QE2 can be attributed to the rise in commodity prices for most of the first half of this year.
- Silver as seen in the 4H chart  had a double bottom, a throwback test the 35.10 pivot, respected it after a temporary break, and is now rallying sharply.
- The RSI shows bullish momentum … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NY Times Lowers High Cost Debts

Posted: 14 Jul 2011 07:05 AM PDT

The New York Times Company (NYSE:NYT), one of the leading diversified media company, has recently announced to prepay one of its largest financial obligation, which it owes to Carlos Slim Helu, the world’s richest man, on August 15, 2011.
Compelled by a decline in print advertisements and credit crisis in 2009, New York Times issued $250.0 million 14.053% notes to Carlos Slim on January 15, 2009. The maturity date of the notes is January 15, 2015. As the credit market has normalized and funds are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Good Start From JPMorgan

Posted: 14 Jul 2011 07:05 AM PDT

JPMorgan Chase & Company's (NYSE:JPM) second quarter earnings per share came in at $1.34, substantially ahead of the Zacks Consensus Estimate of $1.21.
The result also soared from earnings of $1.09 in the prior-year quarter.
Earnings for the reported quarter leave out certain significant nonrecurring items, such as a 15 cent per share benefit from reduced loan loss reserves in Card Services, a 12 cent benefit from securities gains in Corporate, additional mortgage related litigation reserves … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Business Inventories Rise More-than-expected

Posted: 14 Jul 2011 07:05 AM PDT

Forexpros – U.S. business inventories rose more-than-expected in May, official data showed on Thursday.<br /><br />In a report, the U.S. Census Bureau said that wholesale inventories rose by 1.0% in May, above expectations for a 0.7% gain.<br /><br />The previous month&rsquo;s figure was revised to an increase of 1.0% from a previously reported 0.8% rise. <br /><br />Following the release of the data the U.S. dollar was down against the euro, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Which Bank Is Leveraged 104:1?

Posted: 14 Jul 2011 07:02 AM PDT

The road to hell is paved with positive carry.
Those in financial circles are likely aware that the above quote is a colloquialism used to highlight that excessive leverage can generate cash flow, that is the positive carry, but that ultimately unless properly and prudently unwound the leverage itself can lead to financial armageddon. We have witnessed this scenario time and again.
Wall Street specifically and our economy at large are continuing to lick their wounds and attempting to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Administrative Blight” Plagues Nation’s Colleges

Posted: 14 Jul 2011 07:02 AM PDT

Inside Higher Ed reports today on a new book “The Fall of the Faculty: The Rise of the All-Administrative University and Why It Matters” (Oxford University Press), by Benjamin Ginsberg, Professor of Political Science at Johns Hopkins University. 

Professor Ginsberg “takes stock of what ails higher education and finds a single, unifying cause: the growth of administration.”  Here are some excerpts of the review:

“Ginsberg bemoans the expansion over the past 30 years of what he calls … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Trade Close To Record High After U.S. Data

Posted: 14 Jul 2011 06:58 AM PDT

Forexpros – Gold futures held on to gains on Thursday, hovering close to the record high following a flurry of U.S. economic data, while investors awaited the second part of Federal Reserve Chairman Ben Bernanke&rsquo;s testimony on monetary policy in Washington.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,590.85 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Keeps Bullish Bias But Momentum Fades A Touch

Posted: 14 Jul 2011 06:56 AM PDT

Latest Developments From The Euro-zone – Italy Austerity Vote, Troika Praises Ireland, Merkel

Posted: 14 Jul 2011 06:54 AM PDT

We've had several developments in the Euro-zone overnight, but all in all the heightened risk sentiment and volatility seems to have come down substantially at the start of the NY session, after a first half of the week in which we saw very strong moves. Therefore, there may be some exhaustion in the markets, with traders taking stock of new developments and deciding which way to push the majors, including the EUR/USD.
Here is our technical analysis look at the EUR/USD … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Boeing Company, Chesapeake Energy, Clean Energy Fuels Corp., Electronic Arts, Glu Mobile, Investment Technology Group, InterMune, J P Morgan Chase & Co, Kinetic Concepts, Titanium Metals, Grupo Televisa S.A.

Posted: 14 Jul 2011 06:51 AM PDT

    Analysts at JP Morgan (NYSE:JPM) highlighted the prospects of the internet sector in a bullish note. Reacting to the development, shares prices of LinkedIn Corp. (LNKD) rose 8.41% to close at $107.87

    Shares of Titanium Metals Corp. (NYSE:TIE) increased 7.02% after the company announced the extension of its titanium supply agreement with Boeing Co. (NYSE:BA). According to a regulatory filing, the company’s outstanding shares came down after it bought back some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eastman Kodak Upgraded To Neutral

Posted: 14 Jul 2011 06:51 AM PDT

We recently upgraded our recommendation on Eastman Kodak (NYSE:EK) to Neutral from Underperform.
We believe that the numerous promotional programs and product launches will certainly push forward Kodak's revenue growth despite the current competitive environment of the entire industry.
Moreover, the company's investment strategies in digital growth businesses including consumer inkjet, commercial inkjet, enterprise software, digital plates as well as packaging are expected to raise market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quote Of The Day: Robert Lucas

Posted: 14 Jul 2011 06:38 AM PDT

From today’s WSJ, Nobel economist Robert Lucas asks: 

“Is it possible that by imitating European policies on labor markets, welfare and taxes, the U.S. has chosen a new, lower GDP trend? If so, it may be that the weak recovery we have had so far is all the recovery we will get. 

If we’re going to move to a European welfare state, we’re going to have to pay a European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Approves Dr. Reddy’s Generic

Posted: 14 Jul 2011 06:35 AM PDT

 
Dr. Reddy's Laboratories (NYSE:RDY) delivered yet another positive momentum within a week, as the US Food and Drug Administration (FDA) approved fondaparinux sodium injection, the company's bioequivalent generic version of Arixtra. The drug is currently marketed by GlaxoSmithKline plc (NYSE:GSK) for preventing deep vein thrombosis (DVT) in adults who are undergoing hip fracture, hip replacement, or knee replacement surgery.
Dr. Reddy's received final approval from the FDA for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

J. C. Penney Reports Soft Sales

Posted: 14 Jul 2011 06:35 AM PDT

J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported soft sales results for the five-week period ended July 02, 2011. The company's comparable-store sales for June 2011 inched up 2.0% with total sales plummeting 0.3% to $1,545.0 million.
During the period under review, The Plano, Texas-based J. C. Penney registered comparable-store sales growth across fine jewelry and women’s and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Maintains Bearish Momentum In A Channel Correction

Posted: 14 Jul 2011 06:34 AM PDT

Prev: EUR/GBP: 0.8845 Support Cluster Broken; 0.8720 and 0.8665 in Sight (7/11)
EUR/GBP

- The EUR/GBP has been consolidation since declining from this week's high near 0.8890. The consolidation has been in a rising channel seen in the 1H chart.
- The consolidation saw 61.8% retracement to near 0.8840. So far that high is holding. The inability of the RSI to break above 60 in the 1H chart shows that the bearish momentum is maintained in the short-term.
- The daily chart shows that the 0.8720 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Extends Gains After U.S. Jobless Claims Decline

Posted: 14 Jul 2011 06:34 AM PDT

Forexpros – Crude oil futures extended gains on Thursday, climbing to a fresh daily high after official data showed that new applications for U.S. unemployment benefits fell to the lowest in three-months last week.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD98.75 a barrel during U.S. morning trade, jumping 0.96%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Dollar Slumps As Debt Ceiling Deadline Appoaches

Posted: 14 Jul 2011 06:24 AM PDT

The U.S. Dollar faced increasing headwinds in the Asian and European sessions after yesterday's news in the intermarket hours that Moody's would be placing the U.S. government's Aaa rating on review for a possible downgrade. Moody's noted that the impasse in negotiations has increased the "possibility that the statutory debt limit will not be raised on a timely basis," which would lead to a default on U.S. Treasury debt obligations.
Although Moody's noted that "there is a small … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 14 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: 14 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: 14 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: Under Pressure

Posted: 14 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

Dollar Flounders In Calmer Waters

Posted: 14 Jul 2011 06:17 AM PDT

Early exuberance seems to have washed away in the currency markets after stability resumed midweek. A revival for risk appetite appears half-hearted and an earlier drubbing for the dollar has fallen by the way side. Dollar-bashing was inspired by the decision to put the credit rating of the U.S. under review and built on selling pressure after Bernanke offered the prospect of more forms of monetary easing.
U.S. Dollar – Hopes for a return to normal have put the dollar under pressure over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Drops To 9-week Low After U.S. Data

Posted: 14 Jul 2011 06:12 AM PDT

Forexpros – The U.S. dollar was down against its Canadian counterpart on Thursday, slumping to a nine-week low after a flurry of U.S. economic data eased concerns over the pace of the U.S. economic recovery.<br /><br />USD/CAD hit 0.9548 during U.S. morning trade, the pair&rsquo;s lowest since May 11; the pair subsequently consolidated at 0.9560, shedding 0.25%.<br /><br />The pair was likely to find support at 0.9512, the low of May 11 and resistance at 0.9666, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Bounces Off Wedge Support After New Record Lows

Posted: 14 Jul 2011 06:09 AM PDT

Prev: USD/CHF: From Short-term to Long-Term Wedge Patterns: 0.8555 is Critical
USD/CHF

- The USD/CHF remains in a declining wedge seen in the daily chart.
- After breaking a recent record low near 0.8265, we have established a new low at 0.8081.
- A loose range breakout projection using the width of the range in the direction of the breakout, targets 0.7967.
- A bearish USD/CHF should contain a bullish attempt below 0.83, 50% retracement level, near a previous support. Resistance here … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ideas Spawn At Campbell Snack Unit

Posted: 14 Jul 2011 06:06 AM PDT

In an effort to accelerate the rate of innovation across Baking and Snacking portfolio, Campbell Soup Company (NYSE:CPB) is going to build a 34,000 square-foot innovation center at its Pepperidge Farm facilities at an estimated cost of $30.0 million. Apart from this, the company will also upgrade its Pepperidge Farm headquarter.
The new facility will support the company for greater innovation of new products for both bakery and snacks in a much more convenient and cost-effective way. The new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Methanex Upgraded To Neutral

Posted: 14 Jul 2011 06:06 AM PDT

Methanex Corporation (NASDAQ:MEOH) is the world's largest supplier of methanol. It earned $0.37 per share in the first quarter of 2011 versus last year's $0.29, surpassing the Zacks Consensus Estimate of $0.23. Quarterly revenues of $619 million also outshone the Zacks Consensus Estimate of $569 million, led by volume and pricing gains. Methanex's marketing organization was also effective at managing supply chain and shipping operations in the face of challenges such as the delay in the Egypt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Cigarette Butts

Posted: 14 Jul 2011 06:04 AM PDT

A San Diego stock trader pays $3 a pound for cigarette butts.

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

Forex Trading: EURUSD Moves Back Into Channel In Early NY Trade

Posted: 14 Jul 2011 06:02 AM PDT

The EURUSD moved below channel support buy has since moved back higher in the early NY trade.  The EURUSD remains supported by what is happening (or not happening) in Washington. Better US data failed to ignite any move to the upside this morning – so far at least.   There is some further support on the back of the likely passing of an austerity package in Italy today.  This should ease pressure further for Italy.
The channel has bottom support around the 1.4186 level. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Better Than Expected US Jobless Claims May Help USD Funded “Risk-on” Trades

Posted: 14 Jul 2011 05:53 AM PDT

Risk Sentiment on Edge Heading into US Reports
The battered USD, found some support overnight, as the shock of the Moody's move to put the US on a watchlist for downgrade passed through the markets.
The EUR/USD hit an overnight high of 1.4280, but retreated back below the 1.42 level prior to today's key risk event from the US the retail sales report. We saw similar action in the GBP/USD and the NZD/USD as we saw European equities sag amid concerns about higher borrowing costs for Italy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Initial Jobless Claims Fall More-than-expected

Posted: 14 Jul 2011 05:49 AM PDT

Forexpros – The number of people who filed for unemployment assistance in the U.S. last week declined more-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 8 declined by 22,000 to a seasonally adjusted 405,000, outstripping expectations for a decline to 410,000.&nbsp; <br /><br />The previous week&rsquo;s figure was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Retail Sales Rise Unexpectedly In June

Posted: 14 Jul 2011 05:44 AM PDT

Forexpros – Retail sales in the U.S. rose unexpectedly in June, after declining for the first time in 11 months in May, official data showed on Thursday.<br /><br />In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.1% in June, confounding expectations for a flat reading.<br /><br />The previous month&rsquo;s figure was revised to a decline of 0.1% from a previously reported decline of 0.2%.<br /><br />Core retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. PPI Eases More-than-expected In June

Posted: 14 Jul 2011 05:38 AM PDT

Forexpros – Producer price inflation in the U.S. declined more-than-expected in June, official data showed on Thursday.<br /><br />In a report, the Bureau of Labor Statistics said that PPI declined by a seasonally adjusted 0.4% in June, after rising by 0.2% in May. <br />&nbsp;<br />Analysts had expected PPI to decline by 0.2% in June.<br /><br />Year-over-year, the producer price index rose at an annualized rate of 7.0% in June, after advancing at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Charles Nenner And Harry Dent Jr 2012 Cycle Bears – Part Two

Posted: 14 Jul 2011 05:30 AM PDT

Harry Dent listed as a catalyst for another recession 2011/12 was to be a further drop in housing. Garry Shilling has been a purma bear on housing for a while now, he was correct the last time, is he correct this time. His commentary is important to the Harry Dent thesis.

Ref: Charles Nenner and Harry Dent Jr 2012 cycle bears – Part One

Yahoo TechTicker 20110713 – Gary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fluor Receives Chilean Contract

Posted: 14 Jul 2011 05:30 AM PDT

Fluor Corporation (NYSE:FLR) has been awarded a contract by Minera Quadra Chile Limitada, a subsidiary of Quadra FNX Mining Ltd., to be a part of Minera's Sierra Gorda project in Chile. Fluor booked approximately $1 billion for the project in the second quarter of 2011.
The company will be providing engineering, procurement and construction management (EPCM) services for the mine's processing plant. The open pit, green field conventional copper/molybdenum is located in Chile's Atacama … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Trucks And Trians Carry The Goods So We Must Watch The Transports

Posted: 14 Jul 2011 05:23 AM PDT

Trucks, trains carry the goods to market, therefore watching their cycle is critical to future trends in the stock market.

The next 6 to 8 weeks will be very interesting, watch the TRAN cycle closely.

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

U.S. Futures Higher On JP Morgan Earnings; Dow Up 0.2%

Posted: 14 Jul 2011 05:13 AM PDT

Forexpros – U.S. stock futures pointed to a higher open on Thursday, as markets awaited a flurry of key U.S. economic data, while shares in JP Morgan advanced ahead of the open following better-than-expected earnings.<br /><br />Dow Jones Industrial Average futures pointed to a gain of 0.2%, the S&amp;P 500 futures climbed 0.3%, while the Nasdaq 100 futures rose 0.5%.<br /><br />Stock index futures trimmed gains amid fears over euro zone sovereign debt contagion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD At The Crossroad After Returning Above This Week’s Open

Posted: 14 Jul 2011 05:12 AM PDT

Prev: EUR/USD Surges Above 1.40 as Bernanke Talks up Stimulus (7/13)
EUR/USD

- The EUR/USD is at the crossroad with a mix of bullish and bearish signals.
- The closing of this week's opening gap is a bullish sign.
- Also, pushing the RSI reading above 70 to established bullish momentum in the short-term..
- The structure could be in an impulse wave development, suggesting further bullish attempt.
- Otherwise, it has completed a zig zag and should be bearish again in the short-term. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Liberty Global

Posted: 14 Jul 2011 05:05 AM PDT

We downgrade our recommendation on Liberty Global Inc. (NASDAQ:LBTYA) to Neutral based on its current valuation, which has soared nearly 64% last year. We believe that the long-term potential of Liberty Global is much visible now after its decision to acquire the third largest cable operator in Germany, Kabel Baden. Western Europe became an extremely lucrative segment for the cable operators. These markets witnessed growing demand for pay-TV services coupled with triple-play bundled services that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Trims Losses Vs. Rivals As U.S. Data Eyed

Posted: 14 Jul 2011 04:32 AM PDT

Forexpros – The U.S. dollar trimmed losses against its major counterparts on Thursday, as the euro came under pressure following an Italian debt auction, while markets awaited a flurry of key U.S. economic data.<br /><br />During European afternoon trade, the greenback was down against the euro, with EUR/USD edging 0.2% higher to hit 1.4191.<br /><br />Earlier in the day, Italy auctioned EUR1.25 billion of five-year bonds at an average yield of 4.93%, the highest since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Gains Ahead Of U.S. Data

Posted: 14 Jul 2011 04:20 AM PDT

Forexpros – The pound trimmed gains against the U.S. dollar on Thursday, pulling back from a three-week high as growing fears over sovereign debt contagion in the euro zone and concerns over U.S. debt levels weighed on risk appetite.<br /><br />GBP/USD pulled back from 1.6193, the pair&rsquo;s highest since June 22, to hit 1.6112 during European afternoon trade, still up 0.05% on the day.&nbsp; <br /><br />Cable was likely to find support at 1.5904, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Under Pressure Following Italy Bond Auction

Posted: 14 Jul 2011 04:07 AM PDT

Forexpros – The euro pared gains against the U.S. dollar on Thursday, pulling back from a four-day high after an Italian bond auction saw yields rise to a three-year high, adding to concerns over the region&rsquo;s ongoing debt crisis.<br /><br />EUR/USD pulled back from 1.4281, the pair&rsquo;s highest since July 8 to hit 1.4182 during European afternoon trade, still up 0.14% on the day.<br /><br />The pair was likely to find support at 1.3950, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Slumps To Record Low On Italian Debt Fears

Posted: 14 Jul 2011 03:48 AM PDT

Forexpros – The euro was down for a fifth day against the safe haven Swiss franc on Thursday, falling to a fresh record low after an Italian bond auction saw yields rise to the highest since 2008, adding to fears over sovereign debt contagion in the euro zone.<br /><br />EUR/CHF hit 1.1489 during European morning trade, the pair&rsquo;s all-time low; the pair subsequently consolidated at 1.1552, shedding 0.25%.<br /><br />The pair was likely to find short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil And Gold Outlook Hinges On QE3 Bets After Key Data, Earnings

Posted: 14 Jul 2011 03:40 AM PDT

Commodities – Energy
Crude Oil Outlook Clouded on Conflicted Sentiment Trends
WTI Crude Oil (NY Close): $98.05 // +0.62 // +0.64%
Crude appears likely to advance along with the spectrum of sentiment-sensitive assets as S&P 500 stock index futures are point higher overnight. Positioning seems to lack conviction however, making for a clouded near-term outlook.
Indeed, it seems difficult to read how price action will respond to the two major inflection points on tap ahead: the release of US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Pares Gains After Italian Debt Auction

Posted: 14 Jul 2011 03:31 AM PDT

Forexpros – The euro pared gains against the pound on Thursday, easing off the daily high after an Italian bond auction saw yields rise sharply, adding to ongoing fears that the euro zone&rsquo;s debt crisis would spread to the region&rsquo;s third largest economy.<br /><br />EUR/GBP pulled back from 0.8830, the pair&rsquo;s daily high to hit 0.8801 during European morning trade, edging 0.09% higher.<br /><br />The pair was likely to find support at 0.8747, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moody’s Puts US On Review For Downgrade, Obama And Cantor Feud At Debt Negotiations

Posted: 13 Jul 2011 08:47 PM PDT

The impasse in regards to passing an increase to the  debt ceiling and the consequences associated with that have come home to roost as we have Moody's putting the US under review for a credit rating downgrade, a step you do not want as a country. The recalcitrant opposition to compromise, which could have put together a "grand bargain" plan that would cut $4 trillion from the deficit over the next 10-12 years, with mainly spending cuts but also have some revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Fundamental Analysis For July 15, 2011

Posted: 13 Jul 2011 07:40 PM PDT

By ForexMansion.com
Swissy fluctuated heavily and generally remains strong versus the dollar yet swissy eased the gains on the unwinding on the euro pessimism which weakened swissy also versus the dollar and forced the USD/CHF to fluctuate heavily.
The euro rose versus its major counterparts after the heavy losses and the successful bond auction from Italy which met strong demand on high yields eased the jitters over the state of capital markets as they remain liquid and not frozen on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Daily Fundamental Analysis For July 15, 2011

Posted: 13 Jul 2011 07:39 PM PDT

By ForexMansion.com
The lack of fundamentals from the United Kingdom left the pair subject to the sentiment and the dollar which accordingly biased the GBP/USD mainly to the upside.
The dollar was generally the talk of the town on Thursday after Bernanke triggered the strong weakness with hints for the possibility to expand the stimulus to support the economy shall the weakness continue to broaden.
More downside pressure on the dollar was from Moody's downgrade warning to the United States … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Daily Fundamental Analysis For July 15, 2011

Posted: 13 Jul 2011 07:38 PM PDT

By ForexMansion.com
The EUR/USD continued the fluctuations on Thursday with the upside bias evident on the correction and anti-dollar sentiment which helped the euro continue to the upside despite the prevailing debt problems.
The euro gained despite Fitch's move on Greece where it cut the status again to the lowest in the world, which was of little effect since it was no new surprise and followed other agencies. The debt woes have transferred to the United States after Moody's warned that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For July 15, 2011

Posted: 13 Jul 2011 04:18 PM PDT

By ForexMansion.com
The USD/JPY pair advanced early Thursday from its lowest level in four months, as the Japanese yen traders are worried from another intervention from the BOJ in the currency market.
The market sentiment returned to focus on the safe haven investment, after Moody’s Investors Service said it may downgrade US debt rating, deepening the gloomy outlook for the U.S. economy.
On the other hand, the Japanese currency was able to keep its gains against other majors, on the fact that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For July 15, 2011

Posted: 13 Jul 2011 04:14 PM PDT

By ForexMansion.com
The New Zealand currency succeed to compensate its losses against the US dollar, when it recorded a new multi decade high versus the greenback as the New Zealand economic growth expanded in the first quarter more than double expectations, where the cheerful first quarter for the New Zealand was strongly supportive for the nation's currency.
Moreover, business confidence rebounded in the second quarter from a two-year low in the first three months of the year, increasing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For July 15, 2011

Posted: 13 Jul 2011 04:08 PM PDT

By ForexMansion.com
The AUD/USD pair dropped early Thursday from its highest level in two weeks, as the greenback returned to climb against its major counterparts as a safe haven. On the other hand, the Aussie lost its momentum after the Australian confidence collapsed to its lowest level since 2009.
The US dollar gained against the high yielding currencies, after Moody’s Investors Service warned it may downgrade the US rating. Investors’ confidence faded due to the gloomy outlook for the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For July 15, 2011

Posted: 13 Jul 2011 04:06 PM PDT

By ForexMansion.com
 
The AUD/NZD pair traded near its lowest level in eight months, after the New Zealand dollar recorded a new all time high. The Australian dollar is still surfing against greenback, opening the way for Kiwi to control the pair’s movement.
The better than expected GDP during the first quarter for the New Zealand economy supported Kiwi, and prevent it from declining against greenback and other currencies, as the market sentiment returned to focus on the low yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Uncertainties Fuel Volatility Pushing Gold To Record High

Posted: 13 Jul 2011 03:50 PM PDT

By ForexMansion.com
 
While the stock markets failed to hold to yesterday’s gains, the currency and commodity markets are gaining momentum following the Fed’s Chairman Ben Bernanke signaling the Feds could still undertake a third round of quantitative easing (QE3), which triggered fireworks.
The U.S. dollar index weakened considerably against most major currencies, especially after Moody’s rating agency announced it had put the U.S. debt rating on review for possible downgrade if the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment