DailyMarkets.com - American Express Business Gold Rewards Card Review – Worth $175?

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• American Express Business Gold Rewards Card Review – Worth $175?
• US Durable Goods Orders Inject Risk-On Sentiment
• Accenture Closes Duck Creek Buyout
• AstraZeneca’s Brilinta Now In US
• American Manufacturing Drives The Recovery
• Gold Futures Down Sharply After U.S. Durable Goods Data
• Forex Trading: EURUSD Stays True To The US Range
• Yen Rises After Intervention Revamp
• American Oriental Stands At Neutral
• Stock Market News Briefs: Apple, Adolor, Eaton, H.J. Heinz Company, Microsoft, Omnicare, Pharmerica, Sprint Nextel, AT&T, UBS AG, Verizon Communications, Williams-Sonoma
• Activision Launches Rezurrection
• Positive Durable Goods Report
• Safe Havens Gain As Growth Concerns Emerge Ahead Of Jackson Hole
• EUR/GBP Accelerating After Breakout Of Channel Resistance
• Forex – USD/CAD Falls To 2-day Low After Durable Goods Data
• Swiss Franc: The Downside Prevails
• Japanese Yen: Under Pressure
• British Pound: Under Pressure
• Euro: The Downside Prevails
• Will Cattle Prices Decline As Fall Approaches?
• FWLT Receives EPCm Contract
• Belgium NBB Business Climate Drops More-than-expected
• Forex Trading: USDJPY Not Impressed By The Durables Data
• USD Crosses Continue Directionless Trading Ahead Of Jackson Hole
• U.S. Futures Trim Losses After Durable Goods; Dow Dips 0.15%
• U.S. Core Durable Goods Orders Rise Unexpectedly In July
• DISH Looking For Mobile Broadband
• Forex Trading: EURUSD Found Support Against The Days Midpoint
• Air Products Forms Collaboration
• Motorola Solutions Downsizing
• Crude Oil Pressured Lower While Gold Recovers As Stocks Stumble
• Forex – Dollar Trims Losses Vs. Rivals Ahead Of U.S. Data
• Forex – GBP/USD Erases Gains As U.S. Durables Data Eyed
• Pre-NY Open Top Stories: JPY Shrugs Off Japan’s Downgrade, EUR Shrugs Off German IFO
• Forex – EUR/USD Erases Losses In Quiet Trade Ahead Of Fed Speech
• Forex – USD/CHF Slips As Fed Stimulus Concerns Weigh
• Cotton Futures Up Over 2% Amid Global Crop Concerns
• Forex – EUR/GBP Trims Losses Despite Weak Euro Zone Data

American Express Business Gold Rewards Card Review – Worth $175? Posted: 24 Aug 2011 07:30 AM PDT American Express OPEN has just announced a new Business Gold Rewards Card with a limited time offer for new sign-ups, which I am pleased to say is a better promotion than the old one. This American Express (NYSE:AXP) charge card now gives you 50,000 bonus points when you spend at least $10,000 in the first 5 months, plus you now get to earn double points on advertising, gas and shipping, and even more points when you use the card to buy airfare. Because of its many privileges, this Business Gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Durable Goods Orders Inject Risk-On Sentiment Posted: 24 Aug 2011 07:12 AM PDT US durable goods orders – those designed to last more than 3 years – climbed 4% in July, on the back of a sharp increase in orders for automobiles (+11.5%) and airplanes (+43.4%).  Durable goods orders are a leading indicator for the manufacturing sector as orders turn to production in the months ahead. Looking deeper into the data we do see that orders excluding transportation showed a much more subdued increase of 0.7%, but that was better than a small decline expected by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture Closes Duck Creek Buyout Posted: 24 Aug 2011 07:05 AM PDT Accenture plc (NYSE:ACN) announced the closure of the Duck Creek Technologies acquisition, announced in July. The cash consideration to be paid was not disclosed. Founded in 2000, Missouri-based Duck Creek has evolved as a prominent P&C policy administration solutions provider in North America and the U.K. The company's services include the processing of all commercial, personal and specialty lines of businesses. Accenture will now combine Duck Creek's intellectual property with its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AstraZeneca’s Brilinta Now In US Posted: 24 Aug 2011 07:05 AM PDT AstraZeneca plc (NYSE:AZN) recently announced the US launch of Brilinta (ticagrelor). The drug was approved by the US Food and Drug Administration (FDA) last month, to reduce the rate of heart attack and cardiovascular (CV) death in adult patients with acute coronary syndrome (ACS). Following the launch, AstraZeneca plans to work with distribution partners and pharmacy customers to ensure that Brilinta is readily available for use. The regulatory body's approval was based on the PLATO study, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Manufacturing Drives The Recovery Posted: 24 Aug 2011 06:59 AM PDT Both a) new orders and b) actual shipments of manufactured durable goods showed strong monthly increases in July, increasing by 4.0% and 2.5% respectively compared to June, according to today’s Census Bureau report. New orders for durable goods in July, at $201.5 billion, were at the highest monthly level since September 2008, almost three years ago (see blue line in chart above).  Actual shipments of manufactured durable goods (electrical equipment, computers, appliances, cars, aircraft, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Down Sharply After U.S. Durable Goods Data Posted: 24 Aug 2011 06:59 AM PDT Forexpros – Gold futures were down sharply on Wednesday, adding to heavy losses from the previous session after stronger-than-expected data on U.S. durable goods orders helped ease fears over the U.S. economic outlook.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,808.95 a troy ounce during U.S. morning trade, tumbling 2.7%.&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Stays True To The US Range Posted: 24 Aug 2011 06:55 AM PDT The high is defined at the 1.4476 area. The low is defined against the 1.4426 level (50% retracement 200 bar MA in the chart below).  Traders frustrated.  A break will be eyed. Failure will be on the mind of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yen Rises After Intervention Revamp Posted: 24 Aug 2011 06:42 AM PDT The recent bout of volatility continues to challenge investors across all asset classes. Many refer to market declines as typical of ascending volatility, but in its true meaning the term depicts a period of increasing uncertainty with prices prone to surge and fall causing investors to sharpen their reactions. This picture remains true ahead of Friday's delivery by Ben Bernanke where it's hard to gauge consensus. Equity investors are proving resilient in anticipation of further stimulus in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Oriental Stands At Neutral Posted: 24 Aug 2011 06:36 AM PDT We reiterate our Neutral recommendation on American Oriental Bioengineering, Inc. (NYSE:AOB) with a target price of $1.00. The company recently reported its financial results for the second quarter of 2011. Earnings per share during the quarter came in at 5 cents per share, 2 cents short of both the Zacks Consensus Estimate and the year-ago earnings. Earnings were hurt by lower revenues, which declined 30% year over year to $54.1 million. Weakness in the manufacturing segment (down 31.8%) was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Apple, Adolor, Eaton, H.J. Heinz Company, Microsoft, Omnicare, Pharmerica, Sprint Nextel, AT&T, UBS AG, Verizon Communications, Williams-Sonoma Posted: 24 Aug 2011 06:36 AM PDT     UBS AG (NYSE:UBS) reported that it will slash 3,500 jobs across the globe in an attempt to save $2.5 billion by the end of next year     The Wall Street Journal reported that Sprint Nextel Corp. (NYSE:S) along with AT&T, Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) will be acquiring the rights to Apple Inc.'s (NASDAQ:AAPL) iPhone 5 that is expected to hit the market in September     Microsoft Corporation (NASDAQ:MSFT) said it is going to develop … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Activision Launches Rezurrection Posted: 24 Aug 2011 06:36 AM PDT Activision Blizzard Inc. (NASDAQ:ATVI) has released Rezurrection, its fourth downloadable content pack for its most successful franchise Call of Duty: Black Ops. Rezurrection unleashes Zombies in a new "Moon" theme with four of the best Zombie levels, namely "Nacht der Untoten", "Verruckt", "Shi No Numa" and "Der Riese".  The all Zombie content pack is also loaded with enhanced sound track and the game boasts extreme new weapons and innovative gear with lots of zombies to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Durable Goods Report Posted: 24 Aug 2011 06:36 AM PDT The July Durable Goods report came in better than expected this morning, which should lessen some of the anxieties that have been building up due to the recent run of soft regional manufacturing surveys. Recall that the Empire State and Philly Fed surveys last week were in negative territory. The bears may dismiss today’s positive number as old news (it pertains to July) and not reflective of what is in store for the economy. But irrespective of how the Durable Goods report is received by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Safe Havens Gain As Growth Concerns Emerge Ahead Of Jackson Hole Posted: 24 Aug 2011 06:36 AM PDT Fundamental Headlines • Gold Rallies after Dropping from Record – Bloomberg • U.S. Futures Decline, Treasuries Rise on Growth Concerns; Yen Strengthens – Bloomberg • Moody's Cuts Japan Rating, Blames Politics – Reuters • Defiant Gadhafi Vows to Fight – WSJ • Euro-zone Weighs New Plan on Greek Bailout Collateral – WSJ European Session Summary The Japanese Yen, Swiss Franc and U.S. Dollar were the three strongest performing currencies in the Asian and European sessions as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Accelerating After Breakout Of Channel Resistance Posted: 24 Aug 2011 06:32 AM PDT Prev: EUR/GBP Testing the 0.8750 Resistance Above Which 0.8885 Opens Up (8/22) EUR/GBP The EUR/GBP was breaking above a channel resistance earlier this week. Price action over the European session and into the US session is confirming this breakout by accelerating to the upside. The rally is breaking above the 200SMA in the 4H chart, and about to attack the 61.8% retracement level at 0.8797. 0.87970-0.8800 can provide resistance in the very short-term. If the market stays above 0.8750, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Falls To 2-day Low After Durable Goods Data Posted: 24 Aug 2011 06:23 AM PDT Forexpros – The broadly weaker U.S. dollar was down against its Canadian counterpart on Wednesday, falling to a two-day low after better-than-expected data on U.S. durable goods orders boosted appetite for riskier assets. <br /><br />USD/CAD hit 0.9839 during U.S. morning trade, the lowest since August 22; the pair subsequently consolidated at 0.9856, shedding 0.17%.<br /><br />The pair was likely to find support at 0.9797, the low of August 18 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails Posted: 24 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

Japanese Yen: Under Pressure Posted: 24 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

British Pound: Under Pressure Posted: 24 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

Euro: The Downside Prevails Posted: 24 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

Will Cattle Prices Decline As Fall Approaches? Posted: 24 Aug 2011 06:18 AM PDT Wednesday, August 24, 2011 Lower Cattle inventories early next year could see Live Cattle futures prices move to new all-time highs, especially if a weak US Dollar keeps Beef exports robust. Some traders who are expecting higher prices for Cattle next year may possibly wish to explore the purchase of a bull call spread in February Live Cattle futures. For example, with February Live Cattle trading at 120.575 as of this writing, the February 124 calls could be purchased and the February 134 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FWLT Receives EPCm Contract Posted: 24 Aug 2011 06:05 AM PDT Foster Wheeler AG's (NASDAQ:FWLT) subsidiary Global Engineering and Construction Group received engineering, procurement and construction management (EPCm) contract from Engen Petroleum Limited (Engen). The services will be employed at Engen's Durban Refinery in South Africa for its new multi-products pipeline feeder lines and infrastructure project. Contract value for Foster Wheeler is undisclosed and has been included in second-quarter 2011 bookings of the company. The project involves … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Belgium NBB Business Climate Drops More-than-expected Posted: 24 Aug 2011 06:05 AM PDT Forexpros – Belgian business confidence declined more-than-expected in August, remaining in negative territory for the fourth consecutive month, official data showed on Wednesday.&nbsp; <br /><br />In a report, the National Bank of Belgium said its business climate index fell by 5.3 points to a seasonally adjusted minus 7.8 in August from minus 2.5 in July.<br /><br />Analysts had expected the index to decline to minus 3.1 in August.&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Not Impressed By The Durables Data Posted: 24 Aug 2011 05:54 AM PDT The better US Durable Goods Orders was met with a yawn in the USDJPY. The price barely moved and remains below the 100 and 200 hour MAs at hte 76.63 and 76.67 levels respectively. Support at the 76.43 level remains.  Overnight Moody's downgraded the debt of Japan and a 100 billion yen support package failed to weaken the Yen. Now stronger data in the US gets no dollar buying.  Will need a move above the 76.63-67 area to get any … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD Crosses Continue Directionless Trading Ahead Of Jackson Hole Posted: 24 Aug 2011 05:45 AM PDT The Forex markets continue to trade without direction this week as traders await the annual Jackson Hole Symposium where all eyes are on Bernanke and whether there will be QE3, or some kind of stimulative measure for the US economy. Let's take a look at the range-bound markets again in the EUR/USD, GBP/USD, USD/JPY, and USD/CHF, and some short-term scenarios that can arise if the market breaks out of these ranges. NY morning update: There is an initial USD-negative move after our 8:30AN … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Futures Trim Losses After Durable Goods; Dow Dips 0.15% Posted: 24 Aug 2011 05:43 AM PDT Forexpros – U.S. stock futures pared losses on Wednesday, as better-than-expected data on durable goods orders boosted sentiment, while markets continued to look ahead to Friday&rsquo;s speech by Federal Reserve Chairman Ben Bernanke.<br /><br />Ahead of the open, the Dow Jones Industrial Average futures pointed to loss of 0.15%, the S&amp;P 500 futures indicated a drop of 0.1%, while the Nasdaq 100 futures showed a 0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Core Durable Goods Orders Rise Unexpectedly In July Posted: 24 Aug 2011 05:37 AM PDT Forexpros – U.S. core durable goods orders rose unexpectedly in July, official data showed on Wednesday.<br /><br />In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by 0.7% in July, confounding expectations for a 0.4% decline.<br /><br />The previous month&rsquo;s figure was revised up to 0.6% from a previously reported 0.1% increase.&nbsp; <br /><br />The report showed that durable goods … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DISH Looking For Mobile Broadband Posted: 24 Aug 2011 05:35 AM PDT DISH Network Corp. (NASDAQ:DISH), the second largest satellite-TV operator in the U.S., has finally come out with its plan for its newly acquired bankrupt telecom firms. Recently, the company applied for FCC approval to deploy a high-speed wireless broadband network to offer mobile Internet services to its customers. In a filling with FCC, DISH requested for clearance of assets of its newly acquired entities DBSD North America Inc. and TerreStar Networks Inc. and for license waivers. In March 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Found Support Against The Days Midpoint Posted: 24 Aug 2011 05:29 AM PDT The EURUSD fell in early NY trade, but has found profit taking support against the 100 and 200 bar MA on the 5 minute chart and the days midpoint. These levels will be watched as support through the Durable Goods numbers at 8:30 AM … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products Forms Collaboration Posted: 24 Aug 2011 05:25 AM PDT Air Products & Chemicals Inc. (NYSE:APD) announced collaboration with the Sustainable Energy Laboratory of the China University of Geosciences Wuhan to speed up the development of materials for the microelectronics industry. The remarkable success of information and telecommunication technology within the last few decades has been attributed to the phenomenal growth of the microelectronics technology. Further, it offers strategic advantages to firms, institutions and nations through its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Motorola Solutions Downsizing Posted: 24 Aug 2011 05:25 AM PDT Motorola Solutions Inc. (MSI) is further downsizing its wireless broadband infrastructure solutions businesses. Yesterday, the company announced that it has reached an agreement with private equity firm Vector Capital to sale its Point-to-Point (Orthogon) and Point-to-Multipoint (Canopy) wireless infrastructure assets. The financial terms of this deal is undisclosed. However, the divestment is expected to be closed by the end of September 2011, subject to customary regulatory … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Pressured Lower While Gold Recovers As Stocks Stumble Posted: 24 Aug 2011 05:19 AM PDT Talking Points Crude Oil Rebound Threatened as S&P 500 Futures Point Lower Gold to Bounce After Dramatic Selloff as Safety Demand Returns WTI Crude Oil (NY Close): $85.44 // +1.32 // +1.57% Economic data is taking a back seat to building speculation about the outcome of Fed Chairman Ben Bernanke's speech on Friday, with traders hoping for another round of stimulus as the global recovery falters. Indeed, a broadly growth-negative (albeit somewhat better than expected) European data set … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Trims Losses Vs. Rivals Ahead Of U.S. Data Posted: 24 Aug 2011 05:11 AM PDT Forexpros – The U.S. dollar trimmed losses against its major counterparts on Wednesday, as risk aversion escalated ahead of the release of U.S. data on manufacturing production.<br /><br />During European afternoon trade, the greenback was fractionally higher against the euro, with EUR/USD slipping 0.06% to hit 1.4331.<br /><br />Earlier in the day, official data showed that euro zone industrial orders fell unexpectedly in June, posting the sharpest monthly fall since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Erases Gains As U.S. Durables Data Eyed Posted: 24 Aug 2011 05:05 AM PDT Forexpros – The pound erased gains against the U.S. dollar on Wednesday, pulling back from the daily high ahead of the release of U.S. data on manufacturing production.<br /><br />GBP/USD retreated from 1.6534, the daily high, to hit 1.6556 during European afternoon trade, sliding 0.23%.<br /><br />Cable was likely to find short-term support at 1.6419, the low of August 18 and short-term resistance at 1.6572, Tuesday&rsquo;s high.<br /><br />The pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pre-NY Open Top Stories: JPY Shrugs Off Japan’s Downgrade, EUR Shrugs Off German IFO Posted: 24 Aug 2011 04:44 AM PDT Euro manages to shrug off very weak Germany IFO Business Climate data to advance on the USD and other rivals. From Bloomberg: "German business confidence fell to the lowest in more than a year as a global slowdown and Europe's debt crisis damped the outlook for economic growth. The Ifo institute in Munich said its business climate index, based on a survey of 7,000 executives, dropped to 108.7 in August from 112.9 in July. That's the lowest since June 2010. Economists forecast a decline to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Erases Losses In Quiet Trade Ahead Of Fed Speech Posted: 24 Aug 2011 04:25 AM PDT Forexpros – The euro erased losses against the U.S. dollar in subdued trade on Wednesday, pulling back from the daily low as the greenback remained broadly weaker amid speculation that the Federal Reserve may announce fresh stimulus measures.<br /><br />EUR/USD pulled back from 1.4381, the daily low, to hit 1.4465 during European early afternoon trade, up 0.18% on the day.<br /><br />The pair was likely to find support at 1.4258, the low of August 19 and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Slips As Fed Stimulus Concerns Weigh Posted: 24 Aug 2011 03:54 AM PDT Forexpros – The U.S. dollar was lower against the Swiss franc on Wednesday, as the prospect of a fresh round of economic stimulus measures by the Federal Reserve weighed on the greenback.<br /><br />USD/CHF hit 0.7886 during European late morning trade, the daily low; the pair subsequently consolidated at 0.7893, shedding 0.36%.<br /><br />The pair was likely to find support at 0.7768, the low of August 16 and short-term resistance at 0.7988, the high of August … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cotton Futures Up Over 2% Amid Global Crop Concerns Posted: 24 Aug 2011 03:42 AM PDT Forexpros – Cotton futures were sharply higher on Wednesday, after government data showed that U.S. crop conditions deteriorated last week, while fears over a disruption to supplies in Pakistan added to concerns over tightening global supplies.<br />&nbsp;&nbsp;&nbsp; <br />On the ICE Futures U.S. Exchange, cotton futures for October delivery traded at USD1.0752 a pound during European morning trade, surging 2.01%. <br /><br />It earlier rose as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Trims Losses Despite Weak Euro Zone Data Posted: 24 Aug 2011 03:27 AM PDT Forexpros – The euro trimmed losses against the pound on Wednesday, shrugging off worse-than-expected data on German business climate and industrial orders as the European Central Bank&rsquo;s bond buying program supported the single currency.<br /><br />EUR/GBP pulled back from 0.8728, the daily low, to hit 0.8751 during European morning trade, down just 0.02% over the day.<br /><br />The pair was likely to find support at 0.8700, Tuesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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