Friday, July 8, 2011

DailyMarkets.com - Lennar Buys Distressed Debt

DailyMarkets.com - Lennar Buys Distressed Debt

Lennar Buys Distressed Debt

Posted: 08 Jul 2011 08:01 AM PDT

Lennar Corp. (NYSE:LEN) recently acquired the distressed debt on the Century Grand project in Doral through one of its affiliates named Flordade LLC. State. The mortgaged property, which was purchased for an undisclosed sum, spans almost 153 acres of the Century Grand project.
Before the purchase, the project was handled by homebuilder Sergio Pino with a plan to build approximately 4,600 town homes, 150,000 square feet of commercial space with residential facilities on top along with a charter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CVS’ Study To Lower Treatment Costs

Posted: 08 Jul 2011 08:01 AM PDT

The leading provider of prescriptions and related health care services in the US, CVS Caremark Corporation (CVS) along with researchers from Harvard and Brigham universities and Women’s Hospital recently stated that the extensive use of generic medicines for the treatment of chronic diseases is a cost-effective preventative health care option.
A recent study in this regard shows that the use of low-cost generic drugs compared to branded medications will curtail treatment expenses considerably. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Video Game Spending Outlook 2011

Posted: 08 Jul 2011 07:35 AM PDT

Market research firm Gartner recently reported that the video game industry is poised for strong growth in 2011. The market research firm expects the video game industry to grow 10.4% to $74.4 billion from the 2010 level of $67.0 billion.
Gartner estimates that software spending in 2011 will be roughly $44.7 billion (60.4% of total spending), and it will continue to dominate the overall gaming market in the next five years as it absorbs almost two-thirds of consumers' gaming budgets. Spending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bon-Ton’s June Sales Drop

Posted: 08 Jul 2011 07:35 AM PDT

Bon-Ton Stores Inc. (NASDAQ:BONT) reported total sales of $240.8 million in June 2011, which declined 1.5% from $244.4 million in June 2010. The company's comparable store sales also inched down 0.9% in the same period. The decline was primarily due to sluggish sales in the beginning of the month, partially offset by strong demand for warm weather clothing at the end of the month.
However, the performance of the company in June was better than the prior month. In May, Bon-Ton experienced a plunge … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Good News For Jobs = Bad News For Bonds?

Posted: 08 Jul 2011 07:18 AM PDT

Today’s IdeaFriday, July 8, 2011
With Bond futures prices on the defensive and major support hovering less than a point away, traders with a bearish bent may wish to explore futures options strategies that will benefit from a continued decline in prices. An example of one such strategy would be the purchase of a bear put spread. For example, with September Bond futures trading at 123-00 as of this writing, the September Bond 122 puts could be bought and the September Bond 119 puts sold for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 08 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: 08 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

NFP Lays An Egg, Hope For Faster Rebound After Weak 2Q Dims

Posted: 08 Jul 2011 07:05 AM PDT

Weak NFP Report Undermines the Case for Quick Bounce-Back After Weak 2nd Quarter
The Non-Farm Payroll report came in much weaker than expected for June, posting a gain of only 18K jobs for the month. The job gained in May was revised down to 25K. The consensus forecast was for a gain of 87K. With the release of a much stronger ADP report yesterday – which came in at 157K – expectations had built that perhaps the non-farm payroll number would be even higher than the consensus.

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

Forex Trading: USDCHF Becomes Safe Haven Again

Posted: 08 Jul 2011 07:04 AM PDT

The USDCHF is moving sharply lower as the CHF is the safe haven currency once again. There are problems in the US. There are problems in the the EU.  Japan has their own issues.  Switzerland has been able to weather the storm so far despite the stronger currency.
From a technical perspective the price is back within the channel that held the price for most of 2011. The trendline comes in at the  0.8445 area.
 
Looking at the hourly chart, the price is near a low floor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Limited Brands Glitters

Posted: 08 Jul 2011 06:55 AM PDT

Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted impressive sales results for the five-week period ended July 02, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath and Body Works.
The owner of Victoria’s Secret and La Senza chains sustained its growth momentum in June 2011 and posted a 12% growth in comparable-store sales, following an increase of 6% in May 2011 and June 2010, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Celanese To Increase Product Prices

Posted: 08 Jul 2011 06:55 AM PDT

Effective August 1, 2011, specialty materials company, Celanese Corporation's (NYSE:CE) subsidiary Celanese EVA Performance Polymers Inc., will increase the price of all grades of Ateva EVA by $0.08 per pound and all grades of LDPE by $0.06 per pound.
Last month, Celanese reported that its first-quarter 2011 exceeded the Zacks Consensus Estimate. Adjusted earnings were 96 cents per share in the first quarter of 2011, beating the Zacks Consensus Estimate of 83 cents. Diluted earnings per share in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Celanese To Increase Product Prices

Posted: 08 Jul 2011 06:55 AM PDT

Effective August 1, 2011, specialty materials company, Celanese Corporation's (NYSE:CE) subsidiary Celanese EVA Performance Polymers Inc., will increase the price of all grades of Ateva EVA by $0.08 per pound and all grades of LDPE by $0.06 per pound.
Last month, Celanese reported that its first-quarter 2011 exceeded the Zacks Consensus Estimate. Adjusted earnings were 96 cents per share in the first quarter of 2011, beating the Zacks Consensus Estimate of 83 cents. Diluted earnings per share in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Moves Above Topside Resistance

Posted: 08 Jul 2011 06:47 AM PDT

The GBPUSD is moving above the 50% midpoint of the move up from the December 28th low to the high reached at April. The price is back above the 200 day MA at the 1.6044. The price is testing the channel trendline at the 1.6053. Staying above these levels keep the bias to the upside for the pair. The next target above comes in at the 1.6089 which is the high from Wednesday. The high for Tuesday was 1.6128. The high for the week was 1.6139.
Stay above 1.6143 will be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down On Economic Data

Posted: 08 Jul 2011 06:45 AM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 80.64, down 0.75% at time of writing.<br/><br/> The pair was likely to find support at 80.51, today&rsquo;s low, and resistance at 81.48, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unemployment Report July 8…U-G-L-Y!!!

Posted: 08 Jul 2011 06:42 AM PDT

Our 'walking pneumonia' economy is not making any real progress in terms of an improving labor market in the United States.
Consensus estimates for this report had an increase of 105k jobs with many economists recently revising their estimates higher to 125k.
Their 'guesstimates' were not close as the non-farm payroll report released at 8:30am reflected an increase of a mere 18k jobs with downward revisions to the prior two months of 44k jobs.
Were there any hidden gems in the report? … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Watson Entangled In Legal Dispute

Posted: 08 Jul 2011 06:35 AM PDT

The legal tussle between Watson Pharmaceuticals Inc. (NYSE:WPI) and Shire plc (NASDAQ:SHPGY) intensified, with the latter filing a patent infringement case against Watson Pharma relating to Vyvanse. Vyvanse is indicated for the treatment of attention deficit hyperactivity disorder (ADHD) in children aged 6 to 17 years and adults.
The lawsuit comes in response to the  abbreviated new drug application (ANDA) filed by Watson Pharma with the US Food and Drug Administration (FDA) to market a generic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: APAC Customer Services, Bed Bath & Beyond, J P Morgan Chase & Co, KLA-Tencor, Kohl’s, Lumber Liquidators Inc, Morgan Stanley, Target, UBS AG, Urban Outfitters

Posted: 08 Jul 2011 06:35 AM PDT

    Shares of APAC Customer Services, Inc. (NASDAQ:APAC) rose 55.15% after OneEquity Partners, the investment arm of JPMorgan (NYSE:JPM), disclosed it was buying the company for $8.55 per share. 

    Chip equipment-maker KLA-Tencor Corp’s. (NASDAQ:KLAC) shares were upgraded by UBS (NYSE:UBS) to a “Buy” rating from a “Neutral” rating because analysts believe that sales to Intel would provide support to the company. The analysts also increased the target price of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EA To Launch Burnout CRASH

Posted: 08 Jul 2011 06:35 AM PDT

Electronic Arts Inc.(NASDAQ:ERTS), popularly known as EA, in association with Criterion Games, has come up with Burnout CRASH, the latest offering from the Burnout series. The game is expected to hit the markets in the fall of 2011.
Criterion Games, an Electronic Arts studio, is the developer of the Burnout franchise that has been internationally acclaimed and hugely successful. Games such as Burnout, Burnout 2, Burnout 3: Takedown, Burnout Revenge, Black, Burnout Paradise and Need for Speed Hot … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In European Trade

Posted: 08 Jul 2011 06:35 AM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/CAD was trading at 0.9622, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 0.9570, today&rsquo;s low, and resistance at 0.9695, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Safe Havens Bid Higher As U.S. Nonfarm Payrolls Miss Drastically

Posted: 08 Jul 2011 06:34 AM PDT

The Japanese Yen and the Swiss Franc were the two strongest currencies in the pre-North American session as the crucial jobs report for June from the United States fell short of expectations by 83 percent. The Labor Department's report issued today showed that U.S. employers added 18K jobs in June, well below the 105K forecast, according to a Bloomberg News survey. The slight increase in jobs added to the economy was below May's equally disappointing figure, which was revised down to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What A Shift In The Forex Markets After A Dismal NFP

Posted: 08 Jul 2011 06:25 AM PDT

Terrible Non-Farm payroll, coming out 18K, which is short of the the 97K expectation. Unemployment rate also edged up to 9.2% from 9.1%. At the end of the hour 9:00PM EDT. The initial shakeout is starting to settle. What do the charts tell us?

EUR/USD could be in an expanded flat.
Another bearish swing towards 1.4150-1.4180 (triangle support) can be anticipated before finding real support.
On the upside, a break above 1.4450 starts consideration of a bullish intent that can extend towards … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 08 Jul 2011 06:17 AM PDT

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

Swiss Franc: The Downside Prevails

Posted: 08 Jul 2011 06:17 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: 08 Jul 2011 06:17 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: 08 Jul 2011 06:17 AM PDT

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

Forex – NZD/USD Down During The European Session

Posted: 08 Jul 2011 06:10 AM PDT

Forex Pros – pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> NZD/USD was trading at 0.8328, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.8234, Tuesday&rsquo;s low, and resistance at 0.8349, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Weakens On Stress Test Warning

Posted: 08 Jul 2011 06:06 AM PDT

The single European currency weakened towards its lowest level in two weeks after an official internal EU document was aired to the media and raised the possibility of a fresh wave of stress for regional banks. Dealers also shifted tack in trading the euro with onlookers focused less on the prospects ahead for inflation in light of the ECB’s latest rate increase, choosing to look for warning signs that the economy is at risk of suffocating under a blanket of woes.
Euro – The quarter-point … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FWLT Wins Contract In Argentina

Posted: 08 Jul 2011 06:05 AM PDT

A subsidiary of Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group received a contract in Argentina for delayed coker heater from YPF S.A. The company will be providing engineering, equipment supply and supervision to construction and start-up services for the delayed coker heater for the new delayed coking unit at YPF's Complejo Industrial La Plata in Argentina. The terms of the deal are not yet disclosed.
The company’s fourth-quarter 2010 bookings included the value of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Capital Stays Neutral

Posted: 08 Jul 2011 06:05 AM PDT

We maintain our Neutral recommendation on American Capital Ltd. (NASDAQ:ACAS) as first-quarter 2011 earnings outpaced the Zacks Consensus Estimate. The results were also ahead of the prior-year quarter's earnings.
In May, American Capital reported first-quarter 2011 operating earnings of 23 cents per share, surpassing the Zacks Consensus Estimate by 5 cents. The results were also ahead of the prior-year quarter's earnings of 17 cents per share. The favorable outcome was due to a drop in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BLS Employment Numbers Stink

Posted: 08 Jul 2011 06:05 AM PDT

Wow — this is a big miss. With analysts expecting 125,000 new jobs created in the the month of June, the Bureau of Labor Statistics (BLS) has just released the June nonfarm payroll numbers: a whopping total of 18,000 new jobs. This is also a surprise considering yesterday’s better-than-expected ADP employment numbers.

So those who were calling for the U.S. economy to come to a screeching halt have plenty to crow about — but what about the rest of us? The private sector provided 57,000 jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down On Economic Data

Posted: 08 Jul 2011 05:50 AM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4326, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.4207, today&rsquo;s low, and resistance at 1.4567, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 18K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Non-farm Payrolls Rise Less-than-expected

Posted: 08 Jul 2011 05:45 AM PDT

Forex Pros – pros – U.S. non-farm payrolls rose less-than-expected last month, official data showed on Friday.<br/><br/> In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 18K, from 25K in the preceding month whose figure was revised down from 54K.<br/><br/> Analysts had expected U.S. non-farm payrolls to rise 89K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Unemployment Rate Rises Unexpectedly

Posted: 08 Jul 2011 05:40 AM PDT

Forex Pros – pros – The rate of unemployment in the U.S. last month rose unexpectedly, official data showed on Friday.<br/><br/> In a report, the U.S. Department of Labor said the unemployment rate rose to a seasonally adjusted 9.2%, from 9.1% in the preceding month .<br/><br/> Analysts had expected the U.S. unemployment rate to remain unchanged at 9.1% last month. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DISH Network Bags TerreStar

Posted: 08 Jul 2011 05:35 AM PDT

DISH Network Corp. (NASDAQ:DISH), the second largest satellite TV operator in the U.S., yesterday received court approval to acquire currently bankrupt TerreStar Networks Inc., which offers wireless services over a satellite network. TerreStar was up for sale after it filed for bankruptcy protection in last October with more than $1 billion in debt. Earlier this month, DISH Network has made a cash offer of $1.375 billion for TerreStar.
On June 21, 2011, the U.S. bankruptcy court in Manhattan has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Excel Maritime Improves TC Contract

Posted: 08 Jul 2011 05:35 AM PDT

Excel Maritime Carriers Ltd. (NYSE:EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into 1-year time charter agreement with the first class European charterers for its Kamsarmax vessel M/V Iron Vassilis and Panamax vessel M/V Happy Day.
The Kamsarmax vessel has 82,257 dwt carrying capacity and will be employed for a gross daily average TC rate of $14,000 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Levels To Watch

Posted: 08 Jul 2011 05:29 AM PDT

Forex – EUR/GBP Down During The European Session

Posted: 08 Jul 2011 05:00 AM PDT

Forex Pros – pros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8932, down 0.69% at time of writing.<br/><br/> The pair was likely to find support at 0.8904, Thursday&rsquo;s low, and resistance at 0.9060, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.81% to hit 1.4247 and EUR/JPY falling 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 08 Jul 2011 04:30 AM PDT

Forex Pros – pros – The British Pound was higher against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.3548, up 0.45% at time of writing.<br/><br/> The pair was likely to find support at 1.3361, Wednesday&rsquo;s low, and resistance at 1.3698, Monday&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 0.11% to hit 1.5955 and EUR/GBP falling 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

National Bank Of Rwanda Holds Interest Rate At 6.00%

Posted: 08 Jul 2011 04:26 AM PDT

The National Bank of Rwanda governor Claver Gatete announced that the Bank had maintained its key lending rate unchanged at 6.00% at its July meeting.  Previously the Bank has noted that it expects inflation to be in the range of 8% by the end of December if current trends continue.  Rwanda has seen inflation pick up to 4.54% in May, compared to 4.98% in April, and 4.11% in March, and 1.09% in January this year.  

At its April meeting the Bank also held the key … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 08 Jul 2011 04:15 AM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.<br/><br/> USD/CAD was trading at 0.9589, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.9570, today&rsquo;s low, and resistance at 0.9695, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Employment Change Rises More-than-expected

Posted: 08 Jul 2011 04:10 AM PDT

Forex Pros – pros – Canadian employment change rose more-than-expected last month, official data showed on Friday.<br/><br/>In a report, Statistics Canada said that Canadian employment change rose to a seasonally adjusted 28.4K, from 22.3K in the preceding month.<br/><br/>Analysts had expected Canadian employment change to rise 10.0K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sri Lanka Central Bank Holds Interest Rate At 7.00%

Posted: 08 Jul 2011 04:06 AM PDT

The Central Bank of Sri Lanka held its benchmark repurchase rate steady at 7.00%, and also maintained the reverse repurchase rate at 8.50%, and the reserve ratio at 8%.  The Bank said: ”Having taken into consideration the continued decline in headline inflation as well as other macroeconomic developments, the Monetary Board decided to maintain the Bank’s policy interest rates at their current levels,”.

Sri Lanka’s central bank also held its key monetary policy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 08 Jul 2011 04:00 AM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0767, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.0656, Wednesday&rsquo;s low, and resistance at 1.0788, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.56% to hit 1.3256 and AUD/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil To Follow Stocks, Gold Outlook Clouded As NFP Approaches

Posted: 08 Jul 2011 03:40 AM PDT

Commodities – Energy
Crude Oil Looks to US Jobs Data for Direction
WTI Crude Oil (NY Close): $98.67 // +2.02 // +2.09%
Needless to say, all eyes are now on the official set of US Employment figures, with traders encouraged by yesterday's strong showing on preliminary ADP figures and hoping that a strong outcome will buoy the outlook for global economic performance in the second half of the year even as other key growth engines (China, Europe, Japan) appear to falter. Expectations call for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 08 Jul 2011 03:20 AM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on Unemployment Rate.<br/><br/> USD/CHF was trading at 0.8478, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 0.8365, Wednesday&rsquo;s low, and resistance at 0.8507, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The rate of unemployment in Switzerland remained unchanged at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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