Friday, August 12, 2011

DailyMarkets.com - Forex – EUR/JPY Down On Economic Data

DailyMarkets.com - Forex – EUR/JPY Down On Economic Data


Forex – EUR/JPY Down On Economic Data

Posted: 12 Aug 2011 02:45 AM PDT

Forexpros – The Euro was lower against the Japanese Yen on Friday after the release of euro zone data on Industrial Production.<br/><br/> EUR/JPY was trading at 109.25, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 108.03, Thursday&rsquo;s low, and resistance at 112.32, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Industrial production in the euro zone fell unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In European Trade

Posted: 12 Aug 2011 02:30 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 76.69, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Thursday&rsquo;s low, and resistance at 78.34, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.11% to hit 1.4256 and GBP/USD rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: Eurozone Industrial Production -0.7% Vs. 0.1% Forecast.

Posted: 12 Aug 2011 02:11 AM PDT

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


Euro Zone Industrial Production Falls Unexpectedly

Posted: 12 Aug 2011 02:10 AM PDT

Forexpros – Industrial production in the euro zone fell unexpectedly last month, official data showed on Friday.<br/><br/>In a report, Eurostat said that Euro zone industrial production fell to a seasonally adjusted -0.7%, from 0.1% in the preceding month.<br/><br/>Analysts had expected Euro zone industrial production to rise 0.1% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down In European Trading Hours

Posted: 12 Aug 2011 01:55 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on French GDP.<br/><br/> EUR/USD was trading at 1.4231, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4401, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that France&rsquo;s gross domestic product remained unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down During The European Session

Posted: 12 Aug 2011 01:10 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6196, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.6112, Thursday&rsquo;s low, and resistance at 1.6471, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8767 and GBP/JPY falling 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EUR Slightly Firmer After French Prelim Non-farm Comes In At 0.4%; Better Than Expected.

Posted: 11 Aug 2011 11:49 PM PDT

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


Forex – EUR/GBP Down During The Asian Session

Posted: 11 Aug 2011 11:25 PM PDT

Forexpros – The Euro was lower against the British Pound on Friday after the release of euro zone data on French GDP.<br/><br/> EUR/GBP was trading at 0.8756, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8663, Monday&rsquo;s low, and resistance at 0.8886, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that France&rsquo;s gross domestic product remained unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Unit Corp

Posted: 11 Aug 2011 11:05 PM PDT

Unit Corp. (NYSE:UNT) estimates are moving higher after that latest quarterly report. EPS came in better than expected and shares are cheap thanks to the recent down turn.
Company Description
Unit Corp. has subsidiaries engaged in oil and gas exploration, production, contract drilling and gas gathering and processing.
Another Surprise
Unit reported its latest quarterly results on Aug 2. Net income jumped 55%, to $49.8 million. That works out to $1.04 per share, 7 cents better than expected. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Momentum Stock: PriceSmart, Inc.

Posted: 11 Aug 2011 11:05 PM PDT

PriceSmart, Inc. (NASDAQ:PSMT) has been a winner in the weak market, trading near its recent 52-week high after reporting strong Q2 results that came in ahead of expectations. With an average earnings surprise of 15% over the last four quarters and bullish 18% growth projection, this Zacks #1 Rank stock offers momentum in bulk.
Company Description
PriceSmart, Inc. owns and operates warehouse clubs in the United States, Latin America and the Caribbean. The company was founded in 1994 and has a market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Growth & Income Stock: Quality Systems, Inc.

Posted: 11 Aug 2011 11:05 PM PDT

Quality Systems, Inc. (NASDAQ:QSII) continues to benefit from healthcare organizations migrating to electronic health records (EHR). The company recently posted its third consecutive positive earnings surprise on double-digit revenue growth and expanding margins.
Quality Systems, Inc. develops computer-based practice management electronic health records and revenue cycle management applications for medical and dental group practices and small hospitals.
Analysts have been revising their estimates … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bear Of The Day: Lender Processing Services (LPS)

Posted: 11 Aug 2011 11:05 PM PDT

Lender Processing Services’ (NYSE:LPS) second-quarter 2011 results were a mixed bag. Although Lender Processing surpassed the Zacks Consensus Estimate, growth slowed year over year. We are concerned about the high debt on its balance sheet as well as challenging origination and default market. There is a possibility of further foreclosure delays.
Moreover, the company is anticipating near-term challenges on account of significant changes in the origination volumes. Hence, we maintain our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bull Of The Day: SLM Corporation (SLM)

Posted: 11 Aug 2011 11:05 PM PDT

We are upgrading our recommendation on SLM Corporation (NYSE:SLM) to Outperform. Its second quarter 2011 core earnings beat the Zacks Consensus Estimate, on the back of an increase in student loan originations, improved credit quality as well as a decline in operating expenses. We believe that the company’s leading position in the student lending market, its cost curtailment initiatives and the federal student loan assets acquisition augur well.
We believe that SLM’s diversifying efforts, coupled … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down On Economic Data

Posted: 11 Aug 2011 10:45 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on French GDP.<br/><br/> EUR/USD was trading at 1.4195, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4401, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that France&rsquo;s gross domestic product remained unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


French GDP Remains Unchanged Unexpectedly

Posted: 11 Aug 2011 10:45 PM PDT

Forexpros – ance&rsquo;s gross domestic product remained unchanged unexpectedly in the last quarter, preliminary official data showed on Friday.<br/><br/>In a report, French National Institute for Statistics and Economic Studies said that French GDP remained unchanged at a seasonally adjusted 0.0%, from 0.9% in the preceding quarter whose figure was revised down from 1.0%.<br/><br/>Analysts had expected French GDP to rise 0.3% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In Asian Trade

Posted: 11 Aug 2011 10:35 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6200, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.6112, Thursday&rsquo;s low, and resistance at 1.6471, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8760 and GBP/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down In Asian Trading Hours

Posted: 11 Aug 2011 10:05 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Friday after the release of Japanese data on Industrial Production.<br/><br/> GBP/JPY was trading at 124.36, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 123.31, Wednesday&rsquo;s low, and resistance at 128.58, Monday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Industrial production in Japan rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down On Economic Data

Posted: 11 Aug 2011 09:45 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Industrial Production.<br/><br/> USD/JPY was trading at 76.80, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Thursday&rsquo;s low, and resistance at 78.34, Monday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Industrial production in Japan rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japan’s Industrial Production Rises Less-than-expected

Posted: 11 Aug 2011 09:40 PM PDT

Forexpros – Industrial production in Japan rose less-than-expected last month, data showed on Friday.<br/><br/>In a report, the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 3.8%, from 3.9% in the preceding month.<br/><br/>Analysts had expected industrial production to rise 3.9% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Down During Asian Trade

Posted: 11 Aug 2011 09:25 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.7605, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 0.7074, Tuesday&rsquo;s low, and resistance at 0.7687, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.38% to hit 1.4186 and USD/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Charles Nenner And Harry Dent Jr 2012 Cycle Bears – Part Five

Posted: 11 Aug 2011 09:23 PM PDT

Felix Zulauf has just joined the Charles Nenner, Harry Dent and Gary Shilling camp. A recession in 2012 is a real chance. Plus, Felix Zulauf even suggest ‘all hell could break loose’ in a few weeks regarding the German vs Italy debt issue.

Previous Posts
Charles Nenner and Harry Dent Jr 2012 cycle bears – Part One
Charles Nenner and Harry Dent Jr 2012 cycle bears – Part Two
Charles Nenner and Harry Dent Jr 2012 cycle bears – Part Three
Charles Nenner and Harry Dent Jr 2012 cycle bears – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Backlog At DATA Grows To Highest Since 2008

Posted: 11 Aug 2011 08:35 PM PDT

Ken Nagy, CFA
Backlog at DATA grows to highest since 2008.

On August 10, 2011, , DATATRAK International, Inc., (DATA) a technology and service provider of electronic clinical trial technology solutions for the clinical trials industry, reported financial results for its fiscal 2011 second quarter, ended June 30, 2011.

A solid quarter resulted in a 13 percent year over year increase in sales, with revenue expanding to $2.121 million from $1.880 million for the three months ended June 30, 2010. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Fall From Record Highs In Asian Trade

Posted: 11 Aug 2011 08:05 PM PDT

Forexpros – Gold futures continued to fall in mid-day Asian trade Friday, as dealers played into rising equities on Wall Street in the wake of numbers showing an improved picture of the U.S. job market.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,781.05 a troy ounce during Asian mid-day trade, down 0.52%. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Climbs In Mid-day Asian Trade

Posted: 11 Aug 2011 07:33 PM PDT

Forexpros – The U.S. dollar extended gains against the Japanese yen in Asian trade Thursday, aided by better-than-expected labor figures and return to gains for Wall Street shares.<br /><br />In early Asian trade USD/JPY hit 76.31, the pair&rsquo;s lowest since August 1; the pair subsequently consolidated at 76.88, addling 0.06%. &nbsp;<br /><br />The pair was likely to find support at 76.31, the day&rsquo;s low, and resistance at 78.41, Monday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


1-Year ARM Falls To New Record Low Of 2.89%

Posted: 11 Aug 2011 07:01 PM PDT

The rate for one-year adjustable mortgages fell to 2.89% this week, setting a new all-time record low for historical data going back to April 1986, according to a weekly mortgage market survey released today by Freddie Mac (see top chart above).  Rates for the 30-year fixed mortgage fell to a 9-month this week of 4.32%, which is the lowest rate since mid- November of last year, when the 30-year rate fell to an historic record low of 4.17% (see bottom chart above).

Given those historic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Asian Stocks Post Modest Gains; Nikkei Rises 0.6%

Posted: 11 Aug 2011 06:48 PM PDT

Forexpros – Asian stocks moved marginally higher Friday, as encouraging U.S. labor data and a strong showing on Wall Street helped to lift market sentiment for equities in the region.<br />&nbsp;<br />During early Asian trade, Japan&rsquo;s Nikkei 225 Index advanced 0.6% 9,041.89, Australia&rsquo;s S&amp;P/ASX 200 climbed 1.7% to 4,210.70 and South Korea&rsquo;s Kospi Index picked up 0.8% to 1,831.51. <br /><br />Hong Kong&rsquo;s Hang Seng … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hand-in-Hand

Posted: 11 Aug 2011 06:33 PM PDT

In “Anarchy and Austerity: Why London Won’t Be the Last City to Burn,” The Atlantic’s Derek Thompson touches upon what has been a key underlying theme of my second book, Financial Armageddon, and my third, When Giants Fall: deteriorating economic circumstances go hand-in-hand with deteriorating social conditions.
The theft and violence and street crime and lawlessness in London is shocking. But it’s not unique. Around the world, the burden of unemployment falls hardest on the young, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Retreat In Asian Trade

Posted: 11 Aug 2011 05:34 PM PDT

Forexpros – Crude oil futures fell back in Asian trade Thursday, after getting a brief bounce from encouraging labor data in the U.S. and expectations of increased demand from the world&rsquo;s largest energy consumer.<br /><br />On the New York Mercantile Exchange light, sweet crude futures for September delivery traded at USD85.21 a barrel during early Asian trade, falling 0.41%, after hitting a daily high of USD85.75.<br /><br />On Thursday, a U.S. Labor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Oil Technical Analysis For August 12, 2011

Posted: 11 Aug 2011 10:07 AM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The CL contract triggered our buy signal on Thursday as the markets perked back up. The $90 mark is the next major resistance area, and we are expecting to be able to hold until that area. The market may be getting ready to bounce around between the $80 and $90 marks, as oil tends to be an extremely technical trading environment. We belie $80 is the floor for the time being, with the $90 mark being a bit of a ceiling.

Brent
The Brent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Technical Analysis For August 12, 2011

Posted: 11 Aug 2011 10:06 AM PDT

By CommoditiesMansion.com

 
The natural gas markets rallied after it was reported that the draw down in inventories was greater than expected. The rally was impressive, but did manage to stop at the $4.10 area, an area that we have been watching for a sell set up. With this kind of action, it is possible that we may have farther to go to the upside. However, the fundamentals and math simply is bearish for this market – which is why we are sitting tight and waiting for a sell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Technical Analysis For August 12, 2011

Posted: 11 Aug 2011 10:03 AM PDT

By CommoditiesMansion.com

 
The gold markets fell hard on Thursday as it was announced that the margin requirements for trading gold would rise. This is a way of taking a lot of risk out of the markets, and is quite effective – sooner or later. The silver market saw this recently, but it took 7 margin raises in order to cool off the market. The gold market is still bullish, but we feel this might be the catalyst to get that good-sized pullback that we have wanted to see in order to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Daily Fundamental Analysis For August 12, 2011

Posted: 10 Aug 2011 11:52 PM PDT

By CommoditiesMansion.com
Crude oil prices rose back on Thursday as concerns over the outlook for the U.S. economy eased after a report from the United States showed jobless claims eased below expectations, which provided crude oil price with bullish momentum to rise, nonetheless, gains were limited as fears from the European debt crisis continued to weigh down on confidence levels in global financial markets.
Traders will continue to focus on the prospects of slowing global growth and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Daily Fundamental Analysis For August 12, 2011

Posted: 10 Aug 2011 11:51 PM PDT

By CommoditiesMansion.com
Natural gas prices rose on Thursday after the EIA report showed natural gas inventories rose below expectations last week, which provided natural has with strong bullish momentum to rise above $4. Moreover, weather forecasts signaled temperatures will be higher than normal in the East and Midwest of the United States later this month, which boosted expectations of rising demand for power-plant fuel, pushing accordingly natural gas higher.
The EIA report showed natural … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Daily Fundamental Analysis For August 12, 2011

Posted: 10 Aug 2011 11:51 PM PDT

By CommoditiesMansion.com
Gold prices fell on Thursday as fears over the outlook of the U.S. economy eased after the jobless claims dropped below expectations, which boosted hopes over the outlook of the U.S. economy. Moreover, gold prices rose on Wednesday to a new record high above $1800, and accordingly, investors were locking their profits, which weighed down on gold prices, especially after CME group announced it hiked margins for trading gold futures.
Nonetheless, fears from the European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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