DailyMarkets.com - CACI Buys Back Stock

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• CACI Buys Back Stock
• Risk-Reward Balanced At ACE Ltd
• Neutral On Integrys Energy
• Gap In Paris
• U.S. Factory Orders Jump More-than-expected In July
• Chicago PMI Falls To 21-month Low In August
• Varian’s Accelerated Repurchase
• Philip Morris Remains Neutral
• Swiss Franc Bid Higher As Economic Minister Discredits SNB
• Forex – USD/CAD Hits 2-day Low After U.S. Employment Data
• Gold Futures Pare Losses After ADP Jobs Report
• Forex Trading: GBPUSD Finds Resistance Against The 100 Hour MA And 38.2% Fibo
• Court Ruling Favors Teva
• Stock Market News Briefs: Autodesk, Barnes & Noble, Peabody Energy, Corinthian Colleges, DSW, Energizer Holdings, Arcelor Mittal, STEC
• Life Tech To Speak At Conference
• USD/CHF Testing The Critical Support At 0.80
• Canada’s Economy Posts 2Q Contraction, But Saving Grace In Better June Monthly Reading
• Swiss Franc: Caution
• Canadian Dollar: Technical Rebound In A Bearish Trend
• Australian Dollar: Technical Rebound In A Bearish Trend
• Japanese Yen: Under Pressure
• British Pound: Under Pressure
• Euro: The Downside Prevails
• Irene A Negative For Natural Gas Prices?
• Forex Trading: USDCHF Bounces Off The 0.7990 (200 Hour MA). 0.8021 Eyed Above.
• Tools For The New Economy
• UnitedHealth Stays Neutral
• Mid-America Buys In Alabama
• ADP Modestly Misses Estimates
• Washington Federal Stays Neutral
• U.S. Stock Futures Hold Gains After ADP Data; Dow Up 0.45%
• Forex Trading: USDCHF Falls Below 100 Hour MA (other Support Levels) And Falls Lower
• It’s Time To Deregulate: Americans Should Be Able To Sell Stuff Without Permission From Government
• EUR/USD Sees Resistance Near 1.4465 And A Support Pivot At 1.4415
• Canada GDP Rises More-than-expected In June
• Forex – Dollar Marginally Lower After Disappointing ADP Data
• Huntington Lowered To Neutral
• Northrop Part Of $997M Army Order
• U.S. ADP Non-farm Payrolls Rise Less-than-expected
• German Retail Sales Surprise On Upside, Unemployment Extends Decline To 26th Straight Month
• CHF/JPY Sees Double Bottom Forming; Resistance At 95.60
• Forex – GBP/USD Erases Losses As ADP Payrolls Data On Tap
• Forex – EUR/USD Flat Amid Combined EZ Debt, Stimulus Concerns
• Forex – Dollar Tumbles To 3-day Low Against Stronger Swiss Franc
• Cotton Futures Edge Higher As Texas Drought Damages Crops

CACI Buys Back Stock Posted: 31 Aug 2011 07:50 AM PDT CACI International Inc. (CACI) recently entered into an agreement to repurchase 4 million shares from Bank of America N.A. (NYSE:BAC) for $209.7 million. The company has repurchased the stock under an accelerated share repurchase agreement at an initial price of $52.42 per share. This agreement is related to CACI's recently announced repurchase authorization for 4 million shares, which replaced its $175 million share repurchase authorization. The company will exclude these shares from its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Reward Balanced At ACE Ltd Posted: 31 Aug 2011 07:35 AM PDT ACE Limited (NYSE:ACE) is well poised on the strength of its international presence, diversified product offering, risk management, conservative underwriting practice and strong reserves. The company also returns value to its shareholders through dividend increases and scores strongly with the rating agencies. However, given the exposure shrinkage due to the stressed economy that is also impacting the clients' insurance budgets; we do not expect a robust improvement in the top line any time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Integrys Energy Posted: 31 Aug 2011 07:35 AM PDT We maintain our cautious stance on Integrys Energy Group Inc. (NYSE:TEG) as the performance of the company during the first half of the year failed to meet our expectation. Lower-than-expected results in the recently concluded quarter are primarily attributable to an increase in operations and maintenance costs and lower wholesale margins for Integrys Energy Services. The positive attributes of Integrys are its attractive underlying electric and gas utility assets, along with its robust dividend … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap In Paris Posted: 31 Aug 2011 07:05 AM PDT San Francisco, California-based premier international specialty retailer, Gap Inc. (NYSE:GPS), intends to further expand its global footprint by opening its first ever Banana Republic store in Paris. The store is scheduled to be open in early December 2011 at one of the most popular international shopping destination in the world Avenue des Champs Elysees. The 1,482 square meters (15,952 square feet) store will be designed with unique architecture and rich materials inspired by the heritage of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Factory Orders Jump More-than-expected In July Posted: 31 Aug 2011 07:05 AM PDT Forexpros – U.S. factory orders rose significantly more-than-expected in July, official data showed on Wednesday. In a report, the U.S. Census Bureau said factory orders jumped by a seasonally adjusted 2.4% in July, blowing past expectations for a 1.0% increase. The previous month's figure was revised to a 0.4% decline from a previously reported drop of 0.8%. Following the release of the data, the U.S. dollar was fractionally higher against the euro, with EUR/USD shedding 0.06% to trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chicago PMI Falls To 21-month Low In August Posted: 31 Aug 2011 06:56 AM PDT Forexpros – Manufacturing activity in the Chicago area fell less-than-expected in August but still slumped to the lowest level since November 2009, industry data showed on Wednesday. In a report, market research group Kingsbury International said its Chicago purchasing managers' index fell to a seasonally adjusted 56.5 in August from 58.8 in July. Analysts had expected the index to decline to 54.8 in August. On the index, a reading above 50.0 indicates expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Varian’s Accelerated Repurchase Posted: 31 Aug 2011 06:55 AM PDT Varian Medical Systems (NYSE:VAR) recently revealed that it has entered into an agreement with Bank of America Corporation (NYSE:BAC) to repurchase common stock, amounting to $250 million, under its accelerated share repurchase program. Simultaneously, Varian enhanced the borrowing capacity of its revolving credit facility with Bank of America from $225 million to $300 million. As per the agreement, Varian will pay Bank of America $250 million and, in turn, receive some 3.8 million shares, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Philip Morris Remains Neutral Posted: 31 Aug 2011 06:55 AM PDT We reiterate our recommendation on Philip Morris International Inc. (NYSE:PM) based on the weak economic cues that give way to operating and financial leverage risk, high taxes coupled with regulations imposed by governments of several countries. The company reported second-quarter income from continuing operations of $1.34 per share, surpassing the Zacks Consensus Estimate of $1.21 per share. Philip Morris' quarterly gross profit expanded 20.4% year over year to $5.4 billion, and operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc Bid Higher As Economic Minister Discredits SNB Posted: 31 Aug 2011 06:54 AM PDT Fundamental Headlines • Merkel's Cabinet Approves Larger Euro-Rescue Fund as Dissent Ebbs – Bloomberg • S&P Rates Subprime Mortgages Higher than U.S. – Bloomberg • Fed Official Makes Plea for More Stimulus – Financial Times • Hopes for QE3 Boost Risky Assets – Financial Times • Private Sector Adds 91,000 Jobs in August – Reuters European Session Summary The Swiss Franc was the strongest gainer in the Asian and European sessions as the Swiss National Bank decided to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Hits 2-day Low After U.S. Employment Data Posted: 31 Aug 2011 06:48 AM PDT Forexpros – The U.S. dollar added to losses against its Canadian counterpart on Wednesday, falling to a two-day low as expectations for a fresh round of stimulus by the Federal Reserve mounted following a disappointing ADP payrolls report. USD/CAD hit 0.9746 during early U.S. trade, the pair's lowest since Monday; the pair subsequently consolidated at 0.9748, shedding 0.35%. The pair was likely to find support at 0.9688, the low of June 29 and resistance at 0.9800, the days high. Payroll … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Pare Losses After ADP Jobs Report Posted: 31 Aug 2011 06:44 AM PDT Forexpros – Gold futures pared losses on Wednesday, bouncing off the daily low as weaker-than-expected U.S. non farm employment data added to speculation that the Federal Reserve will provide additional stimulus to boost the U.S. economy. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,822.45 a troy ounce during U.S. morning trade, shedding 0.28%. It earlier fell as much as 0.94% to trade at a daily low of USD1,820.45 a troy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Finds Resistance Against The 100 Hour MA And 38.2% Fibo Posted: 31 Aug 2011 06:33 AM PDT The GBPUSD pushed against resistance against the 100 hour MA and the 38.2% retracement  at the 1.6334 adn 1.63295 level respectively. The high reached 1.6332 and backed off. Traders will use this level to lean against with stops on a move above.   On the downside, traders will like to see a move back below the 1.6300 level to confirm that the correction higher from yesterdays sharp fall is over. This would take the price below the 100 and 200 bar MA on the 5 minute chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Court Ruling Favors Teva Posted: 31 Aug 2011 06:31 AM PDT Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently received a boost with the US District Court for the Southern District of New York issuing a favorable ruling related to the company's patent infringement lawsuit against Novartis AG (NYSE:NVS)/Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) and Mylan Inc. (NYSE:MYL)/Natco Pharma Ltd. The lawsuit is regarding the company's lead drug Copaxone, marketed for the treatment of multiple sclerosis (MS). The Court adopted all relevant claim construction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Autodesk, Barnes & Noble, Peabody Energy, Corinthian Colleges, DSW, Energizer Holdings, Arcelor Mittal, STEC Posted: 31 Aug 2011 06:30 AM PDT     DSW Inc. (NYSE:DSW) posted Q2 EPS of $0.74, surpassing the Zacks Consensus Estimate of $0.61 per share. Revenues for the quarter rose 14.7% to $476.3 million     Barnes and Noble (NYSE:BKS) reported a Q1 loss of $0.94 which came in better than the Zacks Consensus Estimate of loss of $0.95 Revenues for the quarter rose 1.6% year-over-year to $1.42 billion     Share prices of discount retailer Dollar General Corp. (DG) gained 5.83% after the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Life Tech To Speak At Conference Posted: 31 Aug 2011 06:30 AM PDT Life Technologies Corporation (LIFE) will be presenting at the UBS 2011 Global Life Science Conference on Tuesday, September 20, 2011. The last reported quarter has been quite disappointing due to tighter budgets for academic and government-funded research in both the US and Europe, delays in the launch of the 5500 Genetic Analyzer in Japan due to the earthquake and temporary slack in business in China. We expect the company to share its plans of portfolio expansion and other initiatives for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Testing The Critical Support At 0.80 Posted: 31 Aug 2011 06:29 AM PDT Prev: Breakouts Follow Through in the USD/CHF, EUR/CHF, GBP/CHF, and CHF/JPY (8/29) USD/CHF The USD/CHF hit our breakout target of 0.8240 (to the exact pip as seen in the 1H chart). Then it slid sharply below a consolidation pattern and is now breaking below the 0.8025, 61.8% retracement level. The 0.80 level is a psych support, and a previous resistance level of a consolidation pattern. The 200SMA is also right here and being tested. The 1H RSI dipped way below 30, so this is not … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada’s Economy Posts 2Q Contraction, But Saving Grace In Better June Monthly Reading Posted: 31 Aug 2011 06:22 AM PDT Today we had the release of GDP figures from Canada both for the June, as well as for the second quarter. It was a mixed result as the monthly change came in a bit better than expected, but we did see disappointing second quarter results. First let's have a rundown of the statistics: For June, on the month, we saw GDP rise 0.2%, which was slightly better than expectations. Looking at June year-over-year GDP rose 2.0% which was also slightly better than expectations of a 1.9% increase. For … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Caution Posted: 31 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

Canadian Dollar: Technical Rebound In A Bearish Trend Posted: 31 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

Australian Dollar: Technical Rebound In A Bearish Trend Posted: 31 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: 31 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: 31 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: 31 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

Irene A Negative For Natural Gas Prices? Posted: 31 Aug 2011 06:18 AM PDT Wednesday, August 31, 2011 The lack of a hurricane “risk premium” has made near-term Natural Gas options appear inexpensive, especially considering the potential for a disruption to Natural Gas production in the Gulf. Some bullish traders may wish to explore the purchase of just-out-of-the-money calls in Natural Gas futures options. With October Natural Gas trading at 3.865 as of this writing, the October Natural Gas 4.000 calls can be bought at 0.098, or $980 per option, not including … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Bounces Off The 0.7990 (200 Hour MA). 0.8021 Eyed Above. Posted: 31 Aug 2011 06:12 AM PDT The resistance above comes in at 0.8021 level which is the 50% of the move up from the August 19th low.  A move above should trigger additional upside corrective … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tools For The New Economy Posted: 31 Aug 2011 06:07 AM PDT For an economy still vulnerable to adverse shocks and where even the central bank is taking pot-shots at the inaction of government, the policy options look increasingly limited. The dollar has grown weary of sizeable quantitative response which most investors blindly accept as swelling the supply of money. Even the lingering whiff of inflation has some of its patrons opposing more of the same. Gaining strength now is the proposal that the Fed “twists” its balance sheet by both buying and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UnitedHealth Stays Neutral Posted: 31 Aug 2011 06:05 AM PDT We are reiterating our Neutral recommendation on the shares of UnitedHealth Group Inc. (NYSE:UNH)  following the second quarter 2011 results. UnitedHealth Group reported second quarter 2011 operating earnings of $1.16 per share, beating the Zacks Consensus Estimate of 93 cents. Earnings also compared favorably with 99 cents per share reported in the prior-year quarter. Net earnings increased 13% year over year to $1.3 billion in the reported quarter. Results were aided by strong revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mid-America Buys In Alabama Posted: 31 Aug 2011 06:05 AM PDT Mid-America Apartment Communities Inc. (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently completed the acquisition of Birchall at Ross Bridge – a 240-unit upscale apartment community in Alabama, for an undisclosed amount. The transaction was funded with the proceeds from its at-the-market stock issuance program and availability in the credit facility of the company. The property is located in the premium sub-market of Hoover, Alabama in the Birmingham metropolitan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ADP Modestly Misses Estimates Posted: 31 Aug 2011 06:05 AM PDT This is Mark Vickery covering for Sheraz Mian, who is off today. ADP’s (NYSE:ADP) numbers missed slightly this morning. The biggest private-sector check-cutter reported a gain of 91,000 jobs in August, down from an expected level of 100,000 jobs gained. The ADP is the premiere jobs report prior to this Friday’s Bureau of Labor Statistics (BLS) non-farm payroll report, and this moderate miss may ding expectations for Friday’s numbers. Also, July’s numbers were revised down from 114,000 new jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Washington Federal Stays Neutral Posted: 31 Aug 2011 06:05 AM PDT We are maintaining our Neutral recommendation on Washington Federal Inc. (NASDAQ:WFSL) based on the company's fiscal third quarter results that were slightly better than the Zacks Consensus Estimate, benefitting mainly from increased net interest income (NII) and an almost stable provision for loan losses. However, higher operating expenses formed the downside. The company also witnessed a weak loan demand during the reported quarter Though we remain concerned about the pressure on net interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Hold Gains After ADP Data; Dow Up 0.45% Posted: 31 Aug 2011 05:57 AM PDT Forexpros – U.S. stock futures pointed to a higher open on Wednesday, as weaker-than-expected U.S. non farm employment data underlined expectations for additional stimulus from the Federal Reserve. Ahead of the open, the Dow Jones Industrial Average futures pointed to a gain of 0.45%, the S&P 500 futures indicated an increase of 0.55%, while the Nasdaq 100 futures signaled a 0.5% gain. Stock futures held on to gains after payroll processing firm ADP said that U.S. non-farm private … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Falls Below 100 Hour MA (other Support Levels) And Falls Lower Posted: 31 Aug 2011 05:52 AM PDT   Overnight the USDCHF fell below the 100 hour MA and trendline support at the 0.8082 level. The price is also below the 38.2% of the move up from the August 19th low to the high reached on Monday.  That level comes in at the 0.8078 level.  Finally, the price is also below the trendline that was broken on the daily chart on Monday (see chart below).  That level comes in at the 0.8059.  The bearish technicals all lined up and this is pressuring the pair lower in NY … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

It’s Time To Deregulate: Americans Should Be Able To Sell Stuff Without Permission From Government Posted: 31 Aug 2011 05:47 AM PDT From Conor Friedersdorf, associate editor at The Atlantic: “The normal mindset among U.S. officials is that prior permission should be required to sell legal goods to a willing buyer. Kids selling lemonade on the street are shut down. A Missouri man has been fined $90,000 for selling rabbits (he made about $200). In Illinois, an artisan ice cream maker is being shut down for lack of a dairy permit. Manuel Winn was arrested, handcuffed, and booked for selling magazines door-to-door without a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Sees Resistance Near 1.4465 And A Support Pivot At 1.4415 Posted: 31 Aug 2011 05:41 AM PDT Prev: EUR/USD Supported Near 1.44; 1.4465-1.4480 to be Resistance; 1.4350 is Target (8/30) EUR/USD The EUR/USD did find resistance near the 1.4465 level, rejecting any 1H candle from closing above it over the Wednesday Asian and European sessions. (It was still Tuesday in the US when Wednesday the morning session started in Asia.) The current rally holds as it is creating higher lows and the market in the 1H chart is trading above the 200SMA. The RSI however is still below 60. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada GDP Rises More-than-expected In June Posted: 31 Aug 2011 05:38 AM PDT Forexpros – Canada’s gross domestic product rose more-than-expected in June, official data showed on Wednesday. In a report, Statistics Canada said gross domestic product rose 0.2% in June, after contracting by a seasonally adjusted 0.3% in May. Analysts had expected Canada's GDP to rise by 0.2% in June. Canada's economy grew at an annualized rate of 2.0% in June, above expectations for a 1.9% increase. The previous month's figure was revised down to a 2.0% gain from a previously … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Marginally Lower After Disappointing ADP Data Posted: 31 Aug 2011 05:35 AM PDT Forexpros – The U.S. dollar remained marginally lower against most of its major counterparts on Wednesday, following a report showing that private sector employment in the U.S. rose significantly less-than-expected in August. During European afternoon trade, the greenback edged higher against the euro, with EUR/USD dipping 0.02% to hit 1.4437. Payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 91K in August, falling short of expectations for an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Huntington Lowered To Neutral Posted: 31 Aug 2011 05:25 AM PDT We have downgraded our recommendation on Huntington Bancshares Inc. (HBAN) to Neutral from Outperform following a detailed analysis of its second quarter 2011 earnings results in light of the current economic environment. Huntington Bancshares reported second quarter 2011 earnings of 16 per share, beating the Zacks Consensus Estimate by a penny. A slightly better-than-expected result reflected a significant improvement in credit quality with a drop in loan loss provisions. Huntington also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Northrop Part Of $997M Army Order Posted: 31 Aug 2011 05:25 AM PDT Northrop Grumman Corporation (NYSE:NOC) has received an indefinite delivery, indefinite quantity (ID/IQ) contract with a total potential value of $997 million from the U.S. Army to provide force protection systems and components. Under the direction of the Army Product Manager, Force Protection Systems, Fort Belvoir, Virginia, this ID/IQ five-year contract has been awarded to 19 companies including Northrop. The deal has a three-year base with a two-year option. Per the contract, Northrop will be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. ADP Non-farm Payrolls Rise Less-than-expected Posted: 31 Aug 2011 05:20 AM PDT Forexpros – U.S. non-farm private employment rose less-than-expected in August, industry data showed on Wednesday. In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 91K in August, falling short of expectations for an increase of 103K. The previous month's figure was revised down to a gain of 109K from a previously reported 114K. The report said employment in the service-providing sector rose by 80K in August, marking 20 consecutive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Retail Sales Surprise On Upside, Unemployment Extends Decline To 26th Straight Month Posted: 31 Aug 2011 05:14 AM PDT German Spending Data Better Than Expected In Germany, where we have concerns about the pace of the recovery there after the drop in 2nd quarter GDP growth to a crawl of 0.1% q/q we had some positive fundamental data. Retail sales were flat on the month – which on its own is not great – but it comes after one of the strongest months in years, and it was much better than expectations. As Bloomberg's article goes on to explain, with global growth slowing and the impact that may have on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CHF/JPY Sees Double Bottom Forming; Resistance At 95.60 Posted: 31 Aug 2011 04:54 AM PDT Prev: Breakouts Following Through in USD/CHF, EUR/CHF, GBP/CHF, and CHF/JPY (8/29) CHF/JPY The CHF/JPY is seen forming a double bottom in the 1H chart, although not a very classic one because the second bottom made a slightly lower low, and is more rounded than the first bottom, which was a sharper bounce. Nonetheless the break above the 94.46/94.50 pivot forms a double bottom and suggests at least a corrective rally. The RSI also confirms that there is short-term bullish momentum. A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Erases Losses As ADP Payrolls Data On Tap Posted: 31 Aug 2011 04:54 AM PDT Forexpros – The pound erased losses against the U.S. dollar on Wednesday, pulling back from the daily low ahead of the release of U.S. data on private sector job creation. GBP/USD pulled away from 1.6256, the daily low, to hit 1.6310 during European afternoon trade, easing up 0.06%. Cable was likely to find support at 1.6211, the low of August 26 and a two-week low and resistance at 1.6422, Tuesday's high. The pound weakened against the dollar earlier amid concerns over the outlook for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Flat Amid Combined EZ Debt, Stimulus Concerns Posted: 31 Aug 2011 04:34 AM PDT Forexpros – The euro fluctuated between small gains and losses against the U.S. dollar on Wednesday, as a combination of fears over the ongoing debt crisis in the euro zone and concerns over the prospect of another round of stimulus by the Federal Reserve weighed. EUR/USD hit 1.4417 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.4446, inching up 0.03%. The pair was likely to find support at 1.4330, the low of August 26 and resistance at 1.4532, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Tumbles To 3-day Low Against Stronger Swiss Franc Posted: 31 Aug 2011 03:55 AM PDT Forexpros – The U.S. dollar was sharply lower against the Swiss franc on Wednesday, as renewed concerns over the euro zone sovereign debt crisis and speculation over a fresh round of stimulus by the Federal Reserve boosted safe haven demand. USD/CHF hit 0.8058 during European late morning trade, the pair's lowest since August 26; the pair subsequently consolidated at 0.8090, tumbling1.29%. The pair was likely to find support at 0.7891, the low of August 26 and resistance at 0.8241, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cotton Futures Edge Higher As Texas Drought Damages Crops Posted: 31 Aug 2011 03:30 AM PDT Forexpros – Cotton futures were up for the fourth consecutive day on Wednesday, as severe drought conditions in Texas continued to buoy prices of the fiber and added to fears over tightening U.S. supplies. On the ICE Futures U.S. Exchange, cotton futures for October delivery traded at USD1.0502 a pound during European morning trade, gaining 0.26%. It earlier rose as much as 0.45% to trade at a daily high of SD1.0569 a pound. Industry weather group MDA Federal said on Tuesday that it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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