DailyMarkets.com - Penske Improves, Beats Estimate

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• Penske Improves, Beats Estimate
• McDonald’s Tops On Both Lines
• Earnings Preview: Liberty Property
• Cheesecake’s EPS In Line, Revs Down
• Swiss Franc: The Downside Prevails
• Australian Dollar: The Downside Prevails
• Canadian Dollar: Under Pressure
• Japanese Yen: Under Pressure
• British Pound: Under Pressure
• Euro: The Downside Prevails
• Euro Falls After Greece Bailout; Loonie Under Pressure After CPI
• Plexus Beats, Lowers Outlook
• Forex Trading: EURUSD Moves Toward Target Support At The 1.4316-22 Area.
• Forex – NZD/USD Up During The European Session
• Forex Trading: USDCAD Moves Above The 100 Hour MA And 38.2% Retracment
• Is It Cheaper To Fly Or Drive?
• Merck & Roche To Market Victrelis
• EUR/USD Bulls Gently Retreating From A Double Top Formation
• Forex – EUR/CHF Down In European Trade
• Kansas City Southern Outperforms
• Stock Market News Briefs: BB&T, Express Scripts, F5 Networks, MedcoHealth Solutions Inc, Robert Half International, Spherion, WESCO International, WNS (Holdings) Limited
• TCF Financial Lags Estimates
• Will Bulls’ Sugar Buzz Start To Fade?
• 3 Releases Showing Germany’s Economy May Be Slowing…
• Forex Trading: EURUSD Continues The Move Lower As EU Doubts Enter
• EUR/JPY Respects 113.50 After An ABC Correction; Bearish Continuation?
• StanCorp’s Bottom Line Lags
• Cooper Beats Estimate
• Forex – USD/CAD Up On Economic Data
• Canadian Core Retail Sales Rise More-than-expected
• Forex Trading: USDCAD Falls To Days Midpoint On Better Retail Sales
• Earnings Preview: Eastman Kodak Co.
• Polycom Misses, Tough Times Ahead
• People’s United Beats Estimates
• CAD Punished After Low Inflation Numbers
• Morgan Stanley’s Loss Beats
• Microsoft Ends 2011 Well
• Cepheid Beats, Raises Outlook
• Forex – EUR/GBP Down During The European Session
• Does Canadian June CPI Data Shift The Fundamental Bias In USD/CAD? Not Likely…
• USD/JPY Continues To Confirm Bearish Breakouts In A 5-wave Decline
• Forex – USD/CAD Up On Economic Data
• Forex – GBP/CHF Up In European Trade
• Flash Memory Drives SanDisk 2Q
• Egyptian Central Bank Holds Deposit Rate At 8.25%
• Are All Raleigh Homeowner’s Insurance Policies The Same?
• Canadian Consumer Price Inflation Falls More-than-expected
• Forex – AUD/USD Up In European Trading Hours
• Turkish Central Bank Holds Interest Rate At 6.25%
• Forex – USD/CHF Up During The European Session

Penske Improves, Beats Estimate Posted: 22 Jul 2011 07:40 AM PDT Penske Automotive Group, Inc. (PAG) reported a net income of $39.9 million or 43 cents per share in the second quarter of 2011 from continuing operations compared with $31.0 million or 34 cents per share in the year-ago period. Reported earnings were higher than the Zacks Consensus Estimate of 38 cents per share. Revenues in the quarter climbed 10.5% year over year to $2.89 billion, mostly driven by a 6.3% rise in total retail sales to 70,873 units along with a strong performance from the parts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDonald’s Tops On Both Lines Posted: 22 Jul 2011 07:35 AM PDT McDonald's Corporation (NYSE:MCD), the world’s largest hamburger chain, posted second quarter 2011 earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.28. Reported earnings increased 19% from $1.13 per share reported in the prior-year quarter. However, excluding the favorable currency impact of 10 cents in the reported quarter, earnings grew 11.0% year over year. The significant upside in earnings was driven by higher comparable store sales across all regions arising from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Liberty Property Posted: 22 Jul 2011 07:35 AM PDT Liberty Property Trust. (NYSE:LRY), a real estate investment trust, is scheduled to report its second quarter 2011 earnings on July 26, 2011. The current Zacks Consensus Estimate for the second quarter is pegged at 65 cents per share, representing a year-over-year decline of approximately 3.6%.  First Quarter Recap Liberty Property reported first quarter 2011 FFO (fund from operations) of 64 cents per share, which was at par with the year-earlier quarter. Fund from operations, a widely used … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cheesecake’s EPS In Line, Revs Down Posted: 22 Jul 2011 07:35 AM PDT Based in Calabasas Hills, California, Cheesecake Factory Inc. (NASDAQ:CAKE) reported earnings of 42 cents a share in the second quarter of fiscal 2011, in line with the Zacks Consensus Estimate. The earnings also increased 7.7% from the prior-year adjusted earnings of 39 cents a share. The better-than-expected results were driven by comparable store sales growth arising from higher traffic. Cheesecake's revenues spiked 2.8% year over year to $430.7 million, but were below the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails Posted: 22 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

Australian Dollar: The Downside Prevails Posted: 22 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: Under Pressure Posted: 22 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

Japanese Yen: Under Pressure Posted: 22 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

British Pound: Under Pressure Posted: 22 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

Euro: The Downside Prevails Posted: 22 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

Euro Falls After Greece Bailout; Loonie Under Pressure After CPI Posted: 22 Jul 2011 07:10 AM PDT The Euro and the Loonie were the weakest major currencies in the pre-North American trade as Fitch Ratings announced that it would place Greece on an interim default. The potential interim default, officially dubbed a "restricted default," comes after Euro-zone leaders announced it would give another €159 billion to Greece, on terms that included getting bondholders to assume part of the cost – the private involvement German lawmakers were seeking. Fitch announced that it will assign … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Plexus Beats, Lowers Outlook Posted: 22 Jul 2011 07:05 AM PDT Plexus Corp.(NASDAQ:PLXS) reported third quarter 2011 diluted earnings per share of 58 cents, surpassing the Zacks Consensus Estimate of 54 cents and topped management's guidance range of 52 cents to 57 cents. Favorable customer mix and foreign currency exchange benefits were the primary reasons for the positive surprise. However, earnings decreased 1.7% both on a sequential and year-on-year basis. Quarter in Detail Total revenue for the quarter increased 4.3% on a yearly basis to $559.2 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Toward Target Support At The 1.4316-22 Area. Posted: 22 Jul 2011 06:56 AM PDT The EURUSD correction off the original lows, held the target resistance at the 1.4360-69 area (see chart below) and the price has continued its NY trend lower (see prior post). The price is now down testing the support at the 38.2% of the move up from yesterday's low to the high today at the 1.43226 level. Trendline support (see chart above) also comes in at the area (1.4316).  There should be some profit taking buying at the defined risk area (1.4316-23), with a move … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The European Session Posted: 22 Jul 2011 06:50 AM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.8636, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.8414, Monday&rsquo;s low, and resistance at 0.8674, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.01% to hit 1.2560 and EUR/NZD falling 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Moves Above The 100 Hour MA And 38.2% Retracment Posted: 22 Jul 2011 06:49 AM PDT The USDCAD is moving above the key resistance at the  0.9503 level.  Momentum should materialize above this level as both the 38.2% and 100 hour MA come in at the level.  The next target is the 0.9528 for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is It Cheaper To Fly Or Drive? Posted: 22 Jul 2011 06:48 AM PDT Enter your travel information (dates, car model, number of nights in a hotel while driving, number of hours driving per day, rental car cost at destination if flying, airfare cost, transportation cost to get to airport, baggage fees, etc.), and find out here with the Fly or Drive Calculator. HT: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merck & Roche To Market Victrelis Posted: 22 Jul 2011 06:35 AM PDT Merck & Co. Inc. (NYSE:MRK) and Roche Holdings Ltd. (RHHBY ) have recently inked a worldwide non-exclusive agreement to market the triple combination therapy, which includes Merck's Victrelis (boceprevir), peginterferon alfa and ribavirin. The combination drug is targeted at treating hepatitis C virus (HCV). According to the agreement, Roche and Merck will work together worldwide and educate physicians and patients about HCV. While Victrelis was approved by the US Food and Drug … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Bulls Gently Retreating From A Double Top Formation Posted: 22 Jul 2011 06:29 AM PDT Prev: Are EUR/USD Bulls Setting up for Disappointment as it Nears Gartley Completion? (7/21) EUR/USD Resistance after 3-wave Correction Rally: - The EUR/USD was seen yesterday to complete a Gartley (more clearly seen in the 4H chart), or harmonic retracement pattern if it hit 1.4450 resistance cluster. The 1.4400 level started the resistance. - As we get into the last session this week in the US, the EUR/USD has developed a double top and has broken below rather softly. Without a pullback and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In European Trade Posted: 22 Jul 2011 06:25 AM PDT Forexpros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.1736, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.1406, Monday&rsquo;s low, and resistance at 1.1891, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.39% to hit 1.4369 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kansas City Southern Outperforms Posted: 22 Jul 2011 06:20 AM PDT Kansas City Southern (NYSE:KSU), a leading freight rail transportation company, reported robust financial results for the second quarter of 2011. Quarterly net income was $70.7 million or 64 cents per share compared with $34.6 million or 34 cents per share in the year-ago quarter. However, quarterly adjusted EPS of 71 cents surpassed the Zacks Consensus Estimate by a penny. Quarterly total revenue was $534.9 million, up 15.9% year over year, surpassing the Zacks Consensus Estimate of $522 million. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: BB&T, Express Scripts, F5 Networks, MedcoHealth Solutions Inc, Robert Half International, Spherion, WESCO International, WNS (Holdings) Limited Posted: 22 Jul 2011 06:20 AM PDT     BB&T Corp. (NYSE:BBT) reported Q2 EPS of $0.44, slightly above the Zacks Consensus Estimate of $0.42 per share. Revenues rose 7% year-over-year to $2.18 billion, beating the Zacks Consensus Estimate of $2.148 billion     WESCO International, Inc. (NYSE:WCC) reported Q2 EPS of $1.00, surpassing the Zacks Consensus Estimate of $0.92 per share. Revenues for the quarter rose 21.1% year-over-year to $1.52 billion     WNS Limited (NYSE:WNS) reported Q1 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TCF Financial Lags Estimates Posted: 22 Jul 2011 06:20 AM PDT TCF Financial Corporation's (NYSE:TCB) second-quarter 2011 earnings came in at 19 cents per share, lagging the Zacks Consensus Estimate by 2 cents. Moreover, this compares unfavorably with the earnings of 20 cents in the prior quarter and 32 cents in the prior-year quarter. Decreased non-interest income, increased non-interest expenses, sluggish economic recovery and increased regulatory trouble have affected the quarter results. These negatives were partly offset by deposits growth. Net income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will Bulls’ Sugar Buzz Start To Fade? Posted: 22 Jul 2011 06:17 AM PDT Friday, July 22, 2011 Although current Sugar supplies remain tight, there is still potential for a large surplus later this season once the Northern Hemisphere production begins. If true, we could see supplies flood the market, as producers try to capture current high prices. Some traders who anticipate the current supply tightness will be elevated may wish to consider bear spreads in more deferred Sugar futures contract months. An example of one such trade would be selling the May 2012 Sugar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

3 Releases Showing Germany’s Economy May Be Slowing… Posted: 22 Jul 2011 06:10 AM PDT This article will focus on some of the recent data we have seen out of Germany and ask the question if the most recent flare up in the sovereign debt crisis we have seen play out over the last 2 months has hit the economy in a stronger way than what was expected. While attention rightfully is focused on the EU Summit this week and the aid agreement that EU leaders came up with, can the fundamentals of the Euro-zone's largest economy be slowing, and therefore give the ECB scope to slow … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Continues The Move Lower As EU Doubts Enter Posted: 22 Jul 2011 06:07 AM PDT The EURUSD is trading at the session low, falling through the 1.4360 level which held support for much of the US afternoon session yesterday. The  pair is targeting the 38.2% retracement of the move up from yesterday's low to the high today. That level comes in at the 1.43226. The trendline which led the market higher for the 1st part of the week comes in at the 1.4516 level.  On the topside, the close resistance comes in now at 1.4360-69.  Staying below these levels, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Respects 113.50 After An ABC Correction; Bearish Continuation? Posted: 22 Jul 2011 06:06 AM PDT Prev: Euro's Technical Setups ahead of the EU Summit (7/20 Video) Double Bottom Confirmation and a Rally Above 111.65 Targets 114.00 (7/18) EUR/JPY Bearish and Respecting Resistance: - The EUR/JPY rallied from a double bottom attempt and had a swing projection to 114.00. The resistance zone seen in the 4H chart starts around 113.50 (June low to the left of the chart that is cut off). - July price action is respecting the June low, which is right under 50% retracement of the decline that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

StanCorp’s Bottom Line Lags Posted: 22 Jul 2011 06:01 AM PDT StanCorp Financial Group (NYSE:SFG) reported second-quarter 2011 earnings of 61 cents per share from continuing operations, way behind the Zacks Consensus Estimate of $1.02 as well $1.04 earned in the prior-year quarter. Net income from continuing operations for the quarter was $27.3 million, dipping 45% from $49.2 million reported in second-quarter 2010. StanCorp incurred an after-tax net capital loss of $8.5 million or 19 cents per share in the quarter under review. Including the one-time loss, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cooper Beats Estimate Posted: 22 Jul 2011 06:01 AM PDT Cooper Industries plc (NYSE:CBE) reported second-quarter 2011 earnings per share from continuing operations of 96 cents, a cent above the Zacks Consensus Estimate. Earnings in the quarter increased by 19% year over year. Revenue Total revenue, excluding Tools, in the quarter was $1.37 billion, representing a year-over-year increase of 16.8%, driven by continued strong performance in utility and industrial markets. Increased customer demand for industrial, electrical utilities, and oil & gas, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data Posted: 22 Jul 2011 05:50 AM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Core Retail Sales.<br/><br/> USD/CAD was trading at 0.9489, up 0.58% at time of writing.<br/><br/> The pair was likely to find support at 0.9424, Thursday&rsquo;s low, and resistance at 0.9635, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Core retail sales in Canada rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Core Retail Sales Rise More-than-expected Posted: 22 Jul 2011 05:40 AM PDT Forexpros – Core retail sales in Canada rose more-than-expected last month, official data showed on Friday.<br/><br/>In a report, Statistics Canada said that Canadian core retail sales rose to a seasonally adjusted 0.5%, from 0.0% in the preceding month.<br/><br/>Analysts had expected Canadian core retail sales to rise 0.4% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Falls To Days Midpoint On Better Retail Sales Posted: 22 Jul 2011 05:39 AM PDT Canada Retail sales were better than expected and the price quickly moved to the midpoint of the days range. So from an economic standpoint we had much lower inflation and now higher growth. The BOC this week implied this week that they would look to take out the stimulus (i.e. tighten) as a result of expectations of a stronger 2H growth. WIth inflation down and retail sales picking up, i would think that this would keep the CAD supported (selling of the USDCAD on rallies). The hourly chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Eastman Kodak Co. Posted: 22 Jul 2011 05:35 AM PDT Eastman Kodak Co. (NYSE:EK) will report its second-quarter 2011 earnings on Tuesday, July 26, 2011. The current Zacks Consensus Estimate for earnings per share (EPS) is negative 59 cents, representing an annualized growth of (15.69%).   With respect to earnings surprises, out of the trailing four quarters, Kodak underperformed the Zacks Consensus Estimate in three quarters. The average earnings surprise was a negative 916.25%, implying that the company has underperformed the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Polycom Misses, Tough Times Ahead Posted: 22 Jul 2011 05:35 AM PDT Yesterday, after market close, Polycom Inc. (NASDAQ:PLCM) declared second-quarter 2011 financial results. GAAP net income in the reported quarter was $28.5 million or 16 cents per share compared with a net income of $12.6 million or 7 cents per share in the prior-year quarter. However, adjusted (excluding special items) EPS in the reported quarter was 17 cents, well below the Zacks Consensus Estimate of 20 cents. Total revenue in the second quarter of 2011 was a record high of $365.6 million, up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

People’s United Beats Estimates Posted: 22 Jul 2011 05:35 AM PDT Regional bank People’s United Financial Inc. (NASDAQ:PBCT) announced its second-quarter 2011 operating earnings per share of 17 cents, outpacing the Zacks Consensus Estimate by 2 cents. Moreover, earnings compared favorably with 15 cents per share in the prior quarter and 9 cents per share in the prior-year quarter. The modest improvement in results was attributed to lower provision for loan losses, higher net interest income and enhanced revenue, partly offset by higher non-interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CAD Punished After Low Inflation Numbers Posted: 22 Jul 2011 05:13 AM PDT The month-to-month CPI for June came in -0.7%, forecast: -0.2%, previous 0.7%. Core CPI for June came in -0.6%, forecast: 0.0%, previous 0.5%. This is giving the Canadian dollar a beating in the US session. In the short-term we can see some CAD-weakness. The fundamental bias however may not have been changed for the prospect of a rate hike this year. CAD/JPY completed a correction rally to 61.8% retracement. The RSI remains below 60. Strong candlestick action is now signaling bearish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley’s Loss Beats Posted: 22 Jul 2011 05:05 AM PDT Morgan Stanley's (NYSE:MS) second-quarter 2011 loss from continuing operations came in at 38 cents per share, substantially better than the Zacks Consensus Estimate of a loss of 63 cents. This represents Morgan Stanley's first quarterly loss after seven consecutive quarters of income since the economic crisis began. The company earned 80 cents from continuing operations in the year-ago quarter. The conversion of the Morgan Stanley's Series B Preferred Stock, held by Mitsubishi UFJ Financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Microsoft Ends 2011 Well Posted: 22 Jul 2011 05:05 AM PDT Microsoft Corporation's (NASDAQ:MSFT) fourth quarter 2011 results were again impacted by weakness at consumer PCs. However, the company went on to beat the Zacks Consensus by 11 cents, or 19.0%. Revenue Revenue of $17.37 billion was up 5.7% sequentially and 8.3% from last year, just exceeding consensus expectations of $17.25 billion. Growth in the last quarter was driven by the server & tools business, as well as better-than-expected performance of the Microsoft Office platform and Xbox … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cepheid Beats, Raises Outlook Posted: 22 Jul 2011 05:05 AM PDT Cepheid (NASDAQ:CPHD) reported EPS of 3 cents during the second quarter of fiscal 2011, much better than the loss of 3 cents in the year-ago period and the Zacks Consensus Estimate of a 2 cents loss. Revenues during the quarter increased 31% to $63.6 million, beating the Zacks Consensus Estimate of $61 million. The upside was driven by a 42% growth in Clinical segment attributable to strong sales of reagents and systems. Based on strong revenue growth, Cepheid was able to improve its bottom … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The European Session Posted: 22 Jul 2011 05:00 AM PDT Forexpros – The Euro was lower against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8820, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8706, Monday&rsquo;s low, and resistance at 0.8854, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.29% to hit 1.4383 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Does Canadian June CPI Data Shift The Fundamental Bias In USD/CAD? Not Likely… Posted: 22 Jul 2011 04:53 AM PDT In today's pre-NY morning open Canada Statistics released the latest consumer inflation data for the month of June, and it showed a steep drop in prices. The headline CPI fell 0.7%, when expectations had it falling a much smaller 0.2%. The core CPI meanwhile, slid 0.6%, also a much bigger decline the the flat reading expected. In May the headline CPI had climbed 0.7%, while the core rate was up 0.5%. Does Today's Release Cause a Fundamental Bias Shift?: The sharp cooling in inflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Continues To Confirm Bearish Breakouts In A 5-wave Decline Posted: 22 Jul 2011 04:52 AM PDT Prev: USD/JPY Finally Gives Way to a Bearish Breakout after Range Clear-outs (7/20) USD/JPY - Since breaking below a narrow range between 79.27 and 78.88, the USD/JPY followed through with further decline to break a larger range support near 78.50 area. - After the break the market rallied in a pullback. In the European session, the market confirmed that bears are still in charge with resistance near 78.70. - The market is likely to complete a 5-wave decline. Conventionally the market would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data Posted: 22 Jul 2011 04:35 AM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Core CPI.<br/><br/> USD/CAD was trading at 0.9487, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 0.9424, Thursday&rsquo;s low, and resistance at 0.9635, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Canadian core consumer price inflation fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Up In European Trade Posted: 22 Jul 2011 04:30 AM PDT Forexpros – The British Pound was higher against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.3398, up 0.71% at time of writing.<br/><br/> The pair was likely to find support at 1.3041, Monday&rsquo;s low, and resistance at 1.3441, today&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 0.05% to hit 1.6322 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Flash Memory Drives SanDisk 2Q Posted: 22 Jul 2011 04:25 AM PDT SanDisk Corp.'s (NASDAQ:SNDK) second quarter 2011 adjusted earnings of $1.10 per share surpassed the Zacks Consensus Estimate of 97 cents. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, operating expense adjustments, convertible debt interest and tax gains, but includes stock-based compensation expense. Shares surged 3.08% in after market trade. Revenue Total revenue for the second quarter was $1.38 billion, up 16.6% on a year-over-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Egyptian Central Bank Holds Deposit Rate At 8.25% Posted: 22 Jul 2011 04:23 AM PDT The Central Bank of Egypt maintained the overnight deposit rate static at 8.25%, and the overnight lending rate at 9.75%, while also holding the discount rate at 8.50% and the 7-day repo rate at 9.25%.  The Bank said: “the slowdown in economic growth should limit upside risks to the inflation outlook. Given the balance of risks on the inflation and GDP outlooks and the increased uncertainty at this juncture, the MPC judges that the current key CBE rates are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Are All Raleigh Homeowner’s Insurance Policies The Same? Posted: 22 Jul 2011 04:16 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Consumer Price Inflation Falls More-than-expected Posted: 22 Jul 2011 04:10 AM PDT Forexpros – Consumer price inflation in Canada fell more-than-expected last month, official data showed on Friday.<br/><br/>In a report, Statistics Canada said that Canadian consumer price inflation fell to a seasonally adjusted -0.7%, from 0.7% in the preceding month.<br/><br/>Analysts had expected Canadian consumer price inflation to fall -0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In European Trading Hours Posted: 22 Jul 2011 04:00 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0860, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.0561, Monday&rsquo;s low, and resistance at 1.0874, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.35% to hit 1.3260 and AUD/JPY rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Turkish Central Bank Holds Interest Rate At 6.25% Posted: 22 Jul 2011 03:41 AM PDT The Monetary Policy Committee of the Central Bank of the Republic of Turkey maintained its benchmark 1-week repo rate unchanged at 6.25%.  The Bank also held the overnight borrowing and lending rates unchanged at 1.50% and 9.00% respectively.  The Bank said: “that it would be appropriate to narrow the interest corridor gradually should the sovereign debt problems regarding some European economies and the concerns on global growth continue to have adverse impact on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session Posted: 22 Jul 2011 03:20 AM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8217, up 0.87% at time of writing.<br/><br/> The pair was likely to find support at 0.8106, Monday&rsquo;s low, and resistance at 0.8278, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.08% to hit 1.4413 and USD/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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