DailyMarkets.com - Amedisys Disappoints, Guides Lower
DailyMarkets.com - Amedisys Disappoints, Guides Lower |
- Amedisys Disappoints, Guides Lower
- Merge EPS Beats, Revs In Line
- Harris Outperforms In 4Q
- TowerJazz Set To Deliver Highest Ever Quarterly Revenue
- Harris Outperforms In 4Q
- Aussie Dollar Overvalued?
- U.S. ISM Non-manufacturing PMI Declines Unexpectedly
- Drilling At Gibson Gulch
- New Data Support PCT In Forensic Applications
- Macerich Meets Estimates
- Acorn Energy Sells CoaLogix
- Stock Market News Briefs: General Cable, Foster Wheeler Ltd., Goldman Sachs Group, Herbalife LTD., II-VI Incorporated, J P Morgan Chase & Co, Pfizer, Shire Limited, Westlake Chemical, Wal-Mart Stores
- American Capital Reports In Line
- U.S. Factory Orders Fall More-than-expected In June
- Natural Gas Futures Edge Higher On Warm Weather Forecasts
- Eye Of The Storm? Markets Calm On Data, SNB Moves, Expectations Of QE By BOJ
- Titanium Metals Beats Consensus
- AZN’s EPS Falls Shy, Guides Higher
- AZN’s EPS Falls Shy, Guides Higher
- Positive Labor Market Report
- Blockbuster 2Q11 For J2 Global
- BUY TNA – $64.95 (pre-market) … More TNA – $63.80
- Ratings Worries Hinder Dollar
- Forex – USD/CAD Lower After Better-than-expected ADP Data
- Swiss Franc Plummets On SNB Intervention Concerns
- The Recession Never Truly Ended
- Swiss Franc: The Downside Prevails
- Japanese Yen: Under Pressure
- Euro: The Downside Prevails
- British Pound: Under Pressure
- Morning Market Brief
- ADP Reports 114,000 Jobs Added In July, But There’s Still A 6 Million “Private Job Deficit”
- CBS Corp. Shines, Beats Estimates
- U.S. Stock Futures Add To Gains After ADP Report; Dow Up 0.3%
- Global Weakness Hurts OSG’s 2Q
- Jacobs’ One More Army Contract
- Foster Wheeler Outperforms
- GBP/USD Still Looks To Break 1.64 After The ADP Employment Release
- Forex – Dollar Remains Broadly Lower After SNB Move, ADP Data
- John Taylor Talk Of US Dollar Losing It Reserve Currency Is Just Stupid
- U.S. ADP Non-farm Payrolls Rise More-than-expected
- USD/CAD At A Resistance Cluster
- SNB Takes Different Tact From ’09-’10 Intervention, Adopts ZIRP
- Forex – GBP/USD At 2-day High After U.K. Services PMI Data
- Crude Oil To Follow S&P 500 Bounce Higher, Gold Hits Key Resistance
- EUR/USD Breaks Above A Double Bottom
- Drilling At Gibson Gulch
- The Significance Of Yesterday’s Drop From Technical POV
- Forex – EUR/USD Rallies To 2-day High After SNB Curbs Franc
- Sugar Futures Hover Close To 4-week Low As Brazil Exports Rise
- China Central Bank Halts Foreign Yuan Borrowing
- Walker Greenbank Enjoys Trading Boost
- Oilex Confirms Fracking Underway On Cambay Well In India
| Amedisys Disappoints, Guides Lower Posted: 03 Aug 2011 08:05 AM PDT Home health care provider, Amedisys (NASDAQ:AMED) reported EPS of 75 cents in the second quarter of 2011, down 33.6% from $1.13 per share in the year-ago quarter. However, after adjusting for certain one-time items, EPS came in at 67 cents, missing the Zacks Consensus Estimate by 2 cents and 41.7% lower than the year-ago quarter.
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| Posted: 03 Aug 2011 08:05 AM PDT Merge Healthcare (NASDAQ:MRGE) reported an adjusted EPS of 6 cents in the second quarter of fiscal 2011, significantly higher than the prior-year quarter's loss of 5 cents per share. According to the Zacks Consensus Estimate, the company was expected to break even during the quarter.
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| Posted: 03 Aug 2011 07:35 AM PDT Harris Corp. (NYSE:HRS) declared its fourth quarter 2011 financial results yesterday, after the closing bell. Quarterly adjusted (excluding special charges) earnings per share (EPS) of $1.24 surpassed the Zacks Consensus Estimate by a penny. In after-market trade on NYSE, Harris' shares jumped $3.02 (7.95%) to $41.00 mainly fueled by the increase in the dividend rate and a new share repurchase authorization worth $1 billion.
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| TowerJazz Set To Deliver Highest Ever Quarterly Revenue Posted: 03 Aug 2011 07:20 AM PDT Ken Nagy, CFA TowerJazz (TSEM) is a pure-play semiconductor wafer foundry with two IC plants in Israel and one in California, that manufacture SiGe, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices. Over the past year the firm has been building capacity due to accelerated design-win momentum, which have been realized within a large group of diversified, global customers, many of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 Aug 2011 07:20 AM PDT Harris Corp. (NYSE:HRS) declared its fourth quarter 2011 financial results yesterday, after the closing bell. Quarterly adjusted (excluding special charges) earnings per share (EPS) of $1.24 surpassed the Zacks Consensus Estimate by a penny. In after-market trade on NYSE, Harris' shares jumped $3.02 (7.95%) to $41.00 mainly fueled by the increase in the dividend rate and a new share repurchase authorization worth $1 billion.
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| Posted: 03 Aug 2011 07:18 AM PDT Wednesday, August 3, 2011
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| U.S. ISM Non-manufacturing PMI Declines Unexpectedly Posted: 03 Aug 2011 07:14 AM PDT Forexpros – Service sector activity in the U.S. declined unexpectedly in July, industry data showed on Wednesday.<br /><br />In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index fell to 52.7 in July from 53.3 in June.<br /><br />Analysts had expected the index to ease up to 53.8 in July. <br /><br />On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 Aug 2011 07:10 AM PDT Steven Ralston, CFA
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| New Data Support PCT In Forensic Applications Posted: 03 Aug 2011 07:10 AM PDT Grant Zeng, CFA On August 1, 2011, Dr. Bruce McCord from Florida International University presented updated results of PCT platform technology for forensic applications at an international forensics conference in Vermont. In the presentation titled "DNA recovery by pressure cycling and its potential application to differential extraction", Dr. McCord reported new findings about PBIO's PCT technology in the potential application … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 Aug 2011 07:10 AM PDT Macerich Co. (MAC) reported second quarter 2011 FFO (fund from operations) of $66.7 million or 47 cents per share compared with $77.5 million or 57 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| Posted: 03 Aug 2011 07:05 AM PDT Steven Ralston, CFA Acorn Energy (ACFN) announced the signing of a definitive agreement to sell its majority-owned CoaLogix subsidiary for $101 million or 4.9 times 12-month trailing sales to Energy Capital Partners. Acorn Energy owns approximately 65% of CoaLogix on a fully diluted basis. Since its acquisition in 2007, Acorn's investment in CoaLogix totals $18.2 million. When the sale closes, the after-tax proceeds are estimated to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 Aug 2011 07:05 AM PDT Westlake Chemical Corporation (NYSE:WLK) posted Q2 EPS of $1.21, beating analysts' estimates of $1.19 per share. Revenues rose 13% year-over-year to $925.0 million Engineering company Foster Wheeler AG's (NASDAQ:FWLT) shares rose 2.12% to close at $27.02 after the company posted second-quarter earnings that came in above the Street’s expectations Share prices of Herbalife Ltd. (NYSE:HLF) increased 5.69% after the nutritional-supplement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| American Capital Reports In Line Posted: 03 Aug 2011 07:05 AM PDT American Capital Ltd.'s (NASDAQ:ACAS) second-quarter 2011 operating income of 20 cents per share was in line with the Zacks Consensus Estimate. However, results outpaced the prior-year quarter's earnings of 9 cents per share. The favorable outcome was due to a drop in operating expenses, though partially offset by a decline in interest and dividend income in the reported quarter.
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| U.S. Factory Orders Fall More-than-expected In June Posted: 03 Aug 2011 07:04 AM PDT Forexpros – U.S. factory orders fell more-than-expected in June, official data showed on Wednesday. <br /><br />In a report, the U.S. Census Bureau said factory orders fell by a seasonally adjusted 0.8% in June, above expectations for a 0.5% decline.<br /><br />The previous month’s figure was revised down to a 0.6% gain from a previously reported 0.8% increase.<br /><br />Following the release of the data, the U.S. dollar was down against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Natural Gas Futures Edge Higher On Warm Weather Forecasts Posted: 03 Aug 2011 06:58 AM PDT Forexpros – Natural gas futures edged higher on Wednesday, as forecasts showed warmer-than-normal weather was expected to return to most parts of the U.S. next week, but gains were limited as fears over a potential disruption to supplies in the Gulf of Mexico subsided. <br /><br />On the New York Mercantile Exchange, natural gas futures for September delivery traded at USD4.165 per million British thermal units during U.S. morning trade, gaining 0.37%.<br /><br />It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Eye Of The Storm? Markets Calm On Data, SNB Moves, Expectations Of QE By BOJ Posted: 03 Aug 2011 06:48 AM PDT In yesterday's session we saw risk aversion dominating on the back of weaker global growth concerns as well as the renewed uncertainty in the Euro-zone sovereign debt situation. The catalysts were weak manufacturing data from China, the US and UK, as well as surging yields in Italy and Spain. Europe:
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| Titanium Metals Beats Consensus Posted: 03 Aug 2011 06:41 AM PDT Titanium Metals Corporation (NYSE:TIE) reported net earnings of $31.5 million or 18 cents per share in the second quarter of 2011, surpassing the Zacks Consensus Estimate of 16 cents and increasing from the prior-year earnings of $19.0 million or 11 cents per share.
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| AZN’s EPS Falls Shy, Guides Higher Posted: 03 Aug 2011 06:36 AM PDT AstraZeneca plc (NYSE:AZN) reported second-quarter fiscal 2011 core earnings of $1.73 per American Depositary Share (ADS), missing the Zacks Consensus Estimate of $1.77 and the year-ago earnings of $1.79. Earnings slipped as a result of lower revenues and higher operating expenses. Including one-time items, earnings came in at $1.53, up 3% (at constant exchange rates [CER]) over the year-ago period.
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| AZN’s EPS Falls Shy, Guides Higher Posted: 03 Aug 2011 06:36 AM PDT AstraZeneca plc (NYSE:AZN) reported second-quarter fiscal 2011 core earnings of $1.73 per American Depositary Share (ADS), missing the Zacks Consensus Estimate of $1.77 and the year-ago earnings of $1.79. Earnings slipped as a result of lower revenues and higher operating expenses. Including one-time items, earnings came in at $1.53, up 3% (at constant exchange rates [CER]) over the year-ago period.
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| Posted: 03 Aug 2011 06:36 AM PDT With the debt ceiling issue now thankfully behind us, the focus has shifted to the U.S. economy’s fundamentals. And recent reports on the economy’s growth momentum in the third quarter have been less than reassuring. We got more color on the economy this morning with the modestly-better-than-expected July jobs report from ADP, the payroll processor. We also have the ISM service sector and Factory Orders reports on the docket. Europe appears to be again in the news for the wrong reasons, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Blockbuster 2Q11 For J2 Global Posted: 03 Aug 2011 06:36 AM PDT Yesterday, after the closing bells, j2 Global Communications Inc. (NASDAQ:JCOM) reported excellent financial results for the second quarter of 2011. In the reported quarter, the company achieved record high revenues, EPS and free cash flow. Operating margin also climbed to a near record high level.
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| BUY TNA – $64.95 (pre-market) … More TNA – $63.80 Posted: 03 Aug 2011 06:35 AM PDT Click on the chart to ENLARGE Following up on my post last evening of the relative ‘oversold’ True Strength Index (TSI) indicator reading of yesterday’s close, I made this purchase of Direxion Small Cap Bull 3X (TNA) at $64.95. I will be the first to admit that an incredibly oversold TSI reading does not necessarily identify the absolute bottom of price movement. Often, it does nail the bottom. But when it does not, price will have bounced thereby causing the reading to rebound … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 Aug 2011 06:27 AM PDT The United States might have barely achieved a passing grade in end of semester exams, but remains a naughty schoolboy, disrupting the classroom and showing few if any signs of wanting to give up on a privileged lifestyle. Moody’s Investor Services says the United States is still at risk of losing its top credit rating despite the debt-ceiling extension. The dollar index fell following the warning despite earlier affirmation that Moody’s would leave alone the nation’s AAA-rating, in place since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CAD Lower After Better-than-expected ADP Data Posted: 03 Aug 2011 06:27 AM PDT Forexpros – The U.S. dollar extended losses against its Canadian counterpart on Wednesday, falling to a fresh daily low after a report showed that ADP non-farm payrolls rose more than expected in July.<br /><br />USD/CAD hit 0.9568 during early U.S. trade, the daily low; the pair subsequently consolidated at 0.9582 shedding 0.32%.<br /><br />The pair was likely to find support at 0.9490, Monday’s low and resistance at 0.9666, the high of July 13.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Swiss Franc Plummets On SNB Intervention Concerns Posted: 03 Aug 2011 06:24 AM PDT The Swiss Franc slid across the board as the Swiss National Bank, in a shocking move, cut interest rates to "as close to zero as possible," while noting it would increase the supply of Francs to the market over the coming days to stem the safe haven currency's rally in recent months. Noting that the Franc is "massively overvalued," the central bank announced, at its quarterly monetary policy meeting, that it would also expand banks' sight deposits (cash which can be withdrawn) to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| The Recession Never Truly Ended Posted: 03 Aug 2011 06:19 AM PDT A wide array of supposedly smart people are now informing us that the economy is slowing and may slip back into recession. The new phrase being used to describe our economic condition is 'stall speed'.
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| Swiss Franc: The Downside Prevails Posted: 03 Aug 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
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| Posted: 03 Aug 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
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| Posted: 03 Aug 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
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| Posted: 03 Aug 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
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| Posted: 03 Aug 2011 06:15 AM PDT 08/03/11 The latest in news, commentary, and information on what’s moving the US equities markets just prior to the ringing of the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| ADP Reports 114,000 Jobs Added In July, But There’s Still A 6 Million “Private Job Deficit” Posted: 03 Aug 2011 06:10 AM PDT From today’s ADP National Employment Report: “Employment in the U.S. nonfarm private business sector rose 114,000 from June to July on a seasonally adjusted basis. The advance in employment from May to June was revised down modestly to 145,000, from the initially reported 157,000.
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| CBS Corp. Shines, Beats Estimates Posted: 03 Aug 2011 06:02 AM PDT CBS Corporation's (NYSE:CBS) effective strategic measures, operating efficiencies and better expense control helped the company to post stellar second-quarter 2011 results. The quarterly earnings of 58 cents a share beats the Zacks Consensus Estimate of 45 cents and surged more than double from 22 cents earned in the year-ago quarter.
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| U.S. Stock Futures Add To Gains After ADP Report; Dow Up 0.3% Posted: 03 Aug 2011 05:49 AM PDT Forexpros – U.S. stock futures pointed to a modestly higher open on Wednesday, rebounding from the previous day’s sharp decline as better-than-expected data on non farm employment and a number of strong earnings reports helped lift sentiment. <br /><br />Dow Jones Industrial Average futures pointed to a gain of 0.3%, the S&P 500 futures edged 0.35% higher, while the Nasdaq 100 futures added 0.4%.<br /><br />Stock futures added to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Global Weakness Hurts OSG’s 2Q Posted: 03 Aug 2011 05:31 AM PDT Overseas Shipholding Group Inc. (NYSE:OSG), the second largest independent oil tanker company in the world, reported disappointing financial results for the second quarter of 2011. The company suffered losses for the ninth straight quarters. The spot rate of its very large crude carriers (VLCC) fell 54% in the previous quarter. Unfortunately, Overseas Shipholding has significant spot exposure.
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| Jacobs’ One More Army Contract Posted: 03 Aug 2011 05:31 AM PDT Jacobs Engineering Group Inc. (NYSE:JEC) announced that it has received a contract from the U.S. Army TACOM Life Cycle Management Command in Warren, Mich.
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| Posted: 03 Aug 2011 05:31 AM PDT Foster Wheeler AG (NASDAQ:FWLT) reported second-quarter 2011 earnings per share from continuing operations of 53 cents compared with 48 cents in the prior-year quarter. The company outperformed the Zacks Consensus Estimate of 35 cents.
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| GBP/USD Still Looks To Break 1.64 After The ADP Employment Release Posted: 03 Aug 2011 05:26 AM PDT Prev: GBP/USD May be Completing an Expanded Flat (8/2) Muted Reaction after ADP Non-Farm Employment Report:
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| Forex – Dollar Remains Broadly Lower After SNB Move, ADP Data Posted: 03 Aug 2011 05:25 AM PDT Forexpros – The U.S. dollar remained broadly lower against its major counterparts on Wednesday, after the Swiss National Bank introduced measures to quash the franc and following a report showed that ADP non-farm payrolls rose more than expected in July.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD surging 0.80% to hit 1.4317.<br /><br />Payroll processing firm ADP said non-farm private employment rose by a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| John Taylor Talk Of US Dollar Losing It Reserve Currency Is Just Stupid Posted: 03 Aug 2011 05:22 AM PDT John Taylor, founder and chief executive officer of FX Concepts, discusses the prospects for the dollar to remain the world’s reserve currency, the outlook for the euro and his investment strategy. Link : Watch the Bloomberg clip … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. ADP Non-farm Payrolls Rise More-than-expected Posted: 03 Aug 2011 05:21 AM PDT Forexpros – U.S. non-farm private employment rose more-than-expected in July, industry data showed on Wednesday.<br /><br />In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 114K in July, above expectations for an increase of 100K. <br /><br />The previous month’s figure was revised down to a gain of 145K from a previously reported 157K.<br /><br />The report said employment in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| USD/CAD At A Resistance Cluster Posted: 03 Aug 2011 05:00 AM PDT Previous: USD/CAD Breaks Above a Double Bottom after a Slew of Poor Canadian Data (7/29) Resistance Cluster
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| SNB Takes Different Tact From ’09-’10 Intervention, Adopts ZIRP Posted: 03 Aug 2011 04:59 AM PDT The Swiss National Bank took action against the appreciation of its currency by lowering interest rates and expanding banks' sight deposits in a surprise move. Here are the highlights from the SNB release: The Swiss National Bank (SNB) considers the Swiss franc to be massively overvalued at present.
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| Forex – GBP/USD At 2-day High After U.K. Services PMI Data Posted: 03 Aug 2011 04:49 AM PDT Forexpros – The pound was steady against the U.S. dollar on Wednesday, trading close to a two-day high after Switzerland’s central bank announced measures to curb the franc’s record gains and after strong growth in the U.K. service sector in July.<br /><br />GBP/USD hit 1.6409 during European afternoon trade, the pair’s highest since Monday; the pair subsequently consolidated at 1.6388, gaining 0.56%.<br /><br />Cable was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil To Follow S&P 500 Bounce Higher, Gold Hits Key Resistance Posted: 03 Aug 2011 04:39 AM PDT Talking Points Crude Oil Set to Bounce Higher with S&P 500 WTI Crude Oil (NY Close): $93.79 // -1.10 // -1.16%
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| EUR/USD Breaks Above A Double Bottom Posted: 03 Aug 2011 04:26 AM PDT Prev: EUR/USD's Corrective Structure is Running into an Extended Divergence with Momentum (8/2) Double Bottom; Short-term Momentum:
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| Posted: 03 Aug 2011 04:06 AM PDT Steven Ralston, CFA
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| The Significance Of Yesterday’s Drop From Technical POV Posted: 03 Aug 2011 04:02 AM PDT The US market was devastated yesterday. Big Daddy Dow was down 266 points (2.19%) to close substantially below the 12,000 barrier at 11,867. The other members of the family were not spared either in the massacre. NASDAQ drop 75 ponts (2.75%) to close at 2,669 and S&P500 shed 33 points (2.56%) to close at 1,254.
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| Forex – EUR/USD Rallies To 2-day High After SNB Curbs Franc Posted: 03 Aug 2011 03:58 AM PDT Forexpros – The euro rallied to a two-day high against the U.S. dollar on Wednesday, after Switzerland’s central bank implemented measures to curb the franc’s record gains against the euro and the U.S. dollar, lifting the single currency across the board.<br /><br />EUR/USD hit 1.4344 during European early afternoon trade, the pair’s highest since Monday; the pair subsequently consolidated at 1.4320, surging 0.82%.<br /><br />The pair was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Sugar Futures Hover Close To 4-week Low As Brazil Exports Rise Posted: 03 Aug 2011 03:39 AM PDT Forexpros – Pros – Sugar futures were down for a fifth day on Wednesday, hovering close to a four-week low after official data showed that sugar exports from Brazil rose to an eight-month high in July, easing concerns over tightening supplies from the world’s largest sugar producer.<br /><br />On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.2838 a pound during European morning trade, slumping 0.61%.<br /><br />It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| China Central Bank Halts Foreign Yuan Borrowing Posted: 03 Aug 2011 03:33 AM PDT The People’s Bank of China announced a ban on mainland-based companies directly borrowing renminbi-denominated loans from foreign banks. The Bank noted that the measure is “in line with the current macroeconomic controls and a prudent monetary policy”, particularly given that such lending circumvents the benchmark interest rate that the central bank sets. The Bank would continue to allow foreign yuan borrowing for financing import-export trade. Meanwhile on monetary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Walker Greenbank Enjoys Trading Boost Posted: 02 Aug 2011 11:18 PM PDT Walker Greenbank (LON:WGB), the luxury interior furnishings group whose brands include Sanderson, Morris amp; Co, Harlequin and Zoffany, said this morning that it had performed particularly well during the first six months of the year and that trading was now ahead of internal projections. In an update ahead of its interim results to the end of July, the company said that group turnover had grown by 11% compared with the same period last year, with underlying Brand sales having grown 9% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Oilex Confirms Fracking Underway On Cambay Well In India Posted: 02 Aug 2011 11:05 PM PDT Oilex (LON:OEX) , the AIM and ASX listed oil and gas group, confirmed this morning that the first stage of a large volume multi-stage fracture stimulation program of its horizontal Cambay-76H well had been completed successfully and the second stage was now under way. The fracking programme comprises eight stages with two fracture initiation points per stage. After completion of the programme the well will be flowed to surface to remove stimulation fluids from the well bore (well clean-up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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