DailyMarkets.com - Forex – USD/JPY Up On Economic Data
DailyMarkets.com - Forex – USD/JPY Up On Economic Data |
- Forex – USD/JPY Up On Economic Data
- Forex – EUR/USD Lower In Early Asian Trade
- Japan’s Tertiary Index Rises More-than-expected
- Does This Look Familiar? Silver And Gold Tops
- Forex – Dollar Broadly Higher In Early Asian Trade
- Forex – EUR/USD Down During The Asian Session
- Apple Tops Exxon As Most Valuable Company
- Forex – NZD/USD Up In Asian Trade
- The Day Ahead: US Wholesale Trade, EIA Oil Inventories; Earnings – Cisco, Macy’s
- Air Products Signs Pact
- More Mortgage Woes For BofA
- Analyst Interviews: Retail Industry Stock Outlook
- DST Acquisition Spree Continues
- Franklin’s July AUM Surged Up
- IFF 2Q Beats Estimate By A Cent
- DTS Reports In Line, Lowers Outlook
- Smartphones Drive U.S. Cellular 2Q
- OTC Contracts Add Vigor To ICE
- Statoil’s High Impact Oil Discovery
- Duke Energy Moves “Windward”
- JA Solar Reports Preliminary Results
- Earnings Preview: Sara Lee Corp.
- A Mixed Bag For Scripps Networks
- AUXL Cuts View Despite Lower Loss
- Why The President Doesn’t Present A Bold Plan To Create Jobs And Jumpstart The Economy
- Four Stocks Worth Taking A Look At
- Baker Wins LUKOIL Contract
- Abercrombie Reports Healthy Comps
- A.M. Best Reassures PartnerRe
- NuStar, EOG In Construction Pact
- ITC Complies With Apple’s Charges
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Earnings Preview: GOL
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 3.98%
- U.S. Defense Enlists Boeing-Siemens
- Fed Funds To Stay Unchanged Til Mid-2013
- Earnings Scorecard: GIS
- AOL Weighed Down By A 2Q Loss & Sliding Revenue
- Forex – GBP/USD Down During The U.S. Session
- Markets In Everything: Rent People By The Hour
- Optimer Loss Widens As Costs Spiral
- Silgan Authorizes Buyback
- Nabors Stays At Neutral
- Fed Pre-Commits On Low Rates Through Mid-2013, No Other Moves Taken
- Forex – USD/CHF Down During U.S. Trade
- Hot Option Plays: FOMC Decision Today
- Forex – USD/CAD Down In U.S. Trade
- Forex Trading: USDCHF Corrects 38.2% Of The Last Leg Down
- Forex – EUR/USD Up In U.S. Trading Hours
- Forex Trading: USDCHF Moves Below 0.7100. EURCHF Approaches Parity.
- US FOMC Holds Fed Funds Rate At 0 To 0.25%
- Sold GBG – $1.84 BUY DZZ – $4.96 — Golds D Wave Retracements
- Options Strategist Sees Halliburton Rebound On The Horizon
- Run, Ride Or Buy? What Should Investors Do? Don’t Sell On Mondays!
| Forex – USD/JPY Up On Economic Data Posted: 09 Aug 2011 05:15 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of Japanese data on Tertiary Industry Activity Index.<br/><br/> USD/JPY was trading at 77.11, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 76.71, Tuesday’s low, and resistance at 79.41, Friday’s high.<br/><br/> Earlier in the day, official data showed that Japan’s tertiary industry activity index rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Lower In Early Asian Trade Posted: 09 Aug 2011 05:09 PM PDT Forexpros – The euro was broadly lower against the U.S. dollar Tuesday, as the greenback rebounded from declines suffered in the wake of the Federal Reserve meeting where the central bank painted a less than rosy picture of U.S. economic prospects. <br /><br />EUR/USD hit 1.4398 in early Asian trade, the pair’s highest since Monday; the pair subsequently consolidated at 1.4358, dropping 0.12%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Japan’s Tertiary Index Rises More-than-expected Posted: 09 Aug 2011 05:05 PM PDT Forexpros – Japan’s tertiary industry activity index rose more-than-expected last month, official data showed on Tuesday.<br/><br/>In a report, METI said that Japanese tertiary industry activity index rose to a seasonally adjusted 1.9%, from 0.8% in the preceding month whose figure was revised down from 0.9%.<br/><br/>Analysts had expected Japanese tertiary industry activity index to rise 1.1% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Does This Look Familiar? Silver And Gold Tops Posted: 09 Aug 2011 04:40 PM PDT Click on either chart to ENLARGE The True Strength Index (TSI) indicator has now given us a sell signal for GOLD on every timeframe but the daily and weekly. And until it does I am not confident, yet, in calling a top in GOLD’s price (though I did buy DZZ today because I believe the top, if not here, is very close). This first chart takes a look at the 4 hour time frame of Silver’s recent parabolic top. We note that price bounced around violently within a band of about 10% below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Broadly Higher In Early Asian Trade Posted: 09 Aug 2011 04:28 PM PDT Forexpros – The U.S. dollar rebounded from losses against its major counterparts Tuesday, as the Federal Reserve decision to leave interest rates at historic lows for the next two years added fuel to fears of further weakness in the U.S. economic recovery.<br /><br />In early Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.02% to hit 1.4372.<br /><br />In the Federal Open Market Committee’s Tuesday meeting, the U.S. Central Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down During The Asian Session Posted: 09 Aug 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4370, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday’s low, and resistance at 1.4426, Monday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8814 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Apple Tops Exxon As Most Valuable Company Posted: 09 Aug 2011 03:57 PM PDT 08/09/11 Apple surpassed ExxonMobil as the nation’s most valuable company in terms of market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Up In Asian Trade Posted: 09 Aug 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8381, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.7966, today’s low, and resistance at 0.8650, Thursday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.19% to hit 1.2391 and EUR/NZD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| The Day Ahead: US Wholesale Trade, EIA Oil Inventories; Earnings – Cisco, Macy’s Posted: 09 Aug 2011 10:20 AM PDT 08/09/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 09 Aug 2011 03:15 PM PDT Air Products & Chemicals Inc. (NYSE:APD) announced that it has inked a long-term hydrogen supply agreement with Shell Oil Company at Shell’s Deer Park, Texas facility. The hydrogen supply will commence in mid-2013, and will connect Deer Park to Air Products’ Gulf Coast hydrogen pipeline supply network.
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| Posted: 09 Aug 2011 03:15 PM PDT In its quarterly earnings filing with the Securities and Exchange Commission (SEC), Bank of America Corporation (NYSE:BAC) stated that the liabilities for mortgage repurchase claims from the two Government Sponsored Enterprises (GSEs) – Freddie Mac (FMCC) and Fannie Mae (FNMA) – could get larger than expected.
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| Analyst Interviews: Retail Industry Stock Outlook Posted: 09 Aug 2011 03:05 PM PDT A Glimpse at Fiscal 2010 Fiscal 2010 for retailers was a year of continuous process of streamlining and assimilating internal processes. With this priority in mind, retailers concentrated more on aligning inventories, improving efficiencies and spending on technology, which led them to enter fiscal 2011 with a more optimistic outlook. The Challenges and Opportunities of 2011 The retail industry is well positioned to face another year of challenges and utilize to the fullest the opportunities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| DST Acquisition Spree Continues Posted: 09 Aug 2011 03:05 PM PDT The UK arm of the leading technology company, DST Systems Inc. (NYSE:DST) recently announced the acquisition of Lateral Group Limited, a private company with operational facilities located principally in London, Nottingham and Edenbridge. Lateral Group is engaged in integrated, data driven and multi-channel marketing.
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| Posted: 09 Aug 2011 03:05 PM PDT Franklin Resources Inc. (NYSE:BEN) declared preliminary assets under management (AUM) of $747.2 billion by its subsidiaries for the end of July 2011. Results were up 1.8% from $734.2 billion as of June 30, 2011 and 23.9% from $602.9 billion as of July 31, 2010.
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| IFF 2Q Beats Estimate By A Cent Posted: 09 Aug 2011 03:05 PM PDT International Flavors & Fragrances Inc. (NYSE:IFF) reported encouraging results for the second quarter of fiscal 2011. Adjusted earnings per share in the quarter increased 14% year over year to 97 cents compared with 85 cents in the year-ago quarter. Results were a penny above the Zacks Consensus Estimate of 96 cents.
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| DTS Reports In Line, Lowers Outlook Posted: 09 Aug 2011 03:05 PM PDT DTS Inc. (NASDAQ:DTSI) reported second quarter 2011 earnings (excluding amortization but including stock-based compensation) of 16 cents per share, which came in line with the Zacks Consensus Estimate. The reported earnings per share (EPS) increased 60.0% from the previous-year quarter. Strong quarterly growth in revenues helped boost the earnings.
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| Smartphones Drive U.S. Cellular 2Q Posted: 09 Aug 2011 03:05 PM PDT United States Cellular Corp. (NYSE:USM), a subsidiary of Telephone and Data Systems Inc. (NYSE:TDS) has reported second quarter 2011 earnings per share of 87 cents, superseding the Zacks Consensus Estimate of 40 cents.
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| OTC Contracts Add Vigor To ICE Posted: 09 Aug 2011 02:35 PM PDT Yesterday, IntercontinentalExchange Inc. (NYSE:ICE) announced its plan to launch 21 fresh over-the-counter (OTC) cleared energy products. The new forward contracts will begin trading on August 29, whereas the options will be launched on September 19, 2011.
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| Statoil’s High Impact Oil Discovery Posted: 09 Aug 2011 02:35 PM PDT Norwegian oil and gas company Statoil ASA (NYSE:STO) has made an oil discovery of high-impact on the Aldous Major South prospect or PL 265 along with its partners Petoro AS, Det Norske Oljeselskap ASA and Lundin Norway AS.
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| Posted: 09 Aug 2011 02:35 PM PDT Duke Energy Corporation (NYSE:DUK) has announced plans to build a large-scale wind farm in Willacy County, Texas, and sell the electricity it generates to San Antonio-based municipal-owned utility, CPS Energy.
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| JA Solar Reports Preliminary Results Posted: 09 Aug 2011 02:35 PM PDT JA Solar Holdings Co. Ltd. (NASDAQ:JASO) announced preliminary un-audited financial results for the second quarter of 2011. In the quarter the company faced changes in solar subsidy regulations in key markets like Italy. The company also faced slower-than-expected growth in market demand in Germany.
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| Earnings Preview: Sara Lee Corp. Posted: 09 Aug 2011 02:35 PM PDT Sara Lee Corp. (NYSE:SLE), one of the world's leaders in manufacturing and marketing of a range of branded packaged meat, bakery, and beverage products, is scheduled to report its fourth-quarter 2011 financial results on Thursday, August 11, 2011.
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| A Mixed Bag For Scripps Networks Posted: 09 Aug 2011 02:35 PM PDT Scripps Networks Interactive Inc. (NYSE:SNI) today reported mixed financial results for the second quarter of 2011. Quarterly consolidated revenue of $534 million was up 12% year over year, but fell below the Zacks Consensus Estimate of $540 million.
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| AUXL Cuts View Despite Lower Loss Posted: 09 Aug 2011 02:35 PM PDT Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) reported a second quarter loss of 11 cents per share, well below the year-ago loss of 28 cents and the Zacks Consensus Estimate of a loss of 21 cents. Higher revenues boosted performance. Revenues, which increased 30.6% to $65.9 million, were in-line with the Zacks Consensus Estimate.
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| Why The President Doesn’t Present A Bold Plan To Create Jobs And Jumpstart The Economy Posted: 09 Aug 2011 02:34 PM PDT Americans are deeply confused about why the economy is so bad – and their President isn't telling them. In fact, the White House apparently has decided to join with Republicans and blame it on the long-term budget deficit.
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| Four Stocks Worth Taking A Look At Posted: 09 Aug 2011 02:32 PM PDT ( click to enlarge ) InterDigital, Inc. (NASDAQ:IDCC) has been forming a pennant pattern on the daily chart over the last few days, popped on good volume and retreated on lower volume, but as we saw today the price broke the pennant consolidation to the upside on increasing volume… sweet….. a test of the July highs near $82 is a possibility in short-term. On balance volume indicator shows that the stock is being strongly accumulated. The volume on accumulation days consistently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 09 Aug 2011 02:06 PM PDT Baker Hughes Incorporated (NYSE:BHI) has won a contract from the Russian oil company, LUKOIL, to offer full drilling and completion services for 23 wells at the West Qurna field in Iraq.
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| Abercrombie Reports Healthy Comps Posted: 09 Aug 2011 02:05 PM PDT Abercrombie & Fitch Co. (NYSE:ANF), a specialty retailer of casual apparel, reported preliminary solid sales results for the second quarter of fiscal 2011. The company recorded a comparable store sales growth of 9% in the quarter. The result was aided by strong performance at its existing stores including the new store in Paris.
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| Posted: 09 Aug 2011 02:05 PM PDT Last week, PartnerRe Ltd. (NYSE:PRE) had its issuer credit rating (ICR) of "a-" and debt ratings reaffirmed by rating agency, A.M. Best, reflecting a stable outlook for all. Before this, in June 2010, the rating agency had avowed by the same credit and debt ratings as well as its outlook on the company.
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| NuStar, EOG In Construction Pact Posted: 09 Aug 2011 02:05 PM PDT NuStar Energy L.P. (NYSE:NS) has signed an agreement with two subsidiaries of EOG Resources (NYSE:EOG) — EOG Resources Rail Yard (Louisiana) LLC and EOG Resources Marketing — to construct a rail offloading facility in St. James, Louisiana. This 70,000-barrel-per-day unit will be engaged in the transportation and storage of crude oil production from Bakken, Eagle Ford and other developing shale plays in the United States.
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| ITC Complies With Apple’s Charges Posted: 09 Aug 2011 02:05 PM PDT Apple Inc. (NASDAQ:AAPL) recently won an important victory against smartphone maker HTC Corp., after International Trade Commission (ITC) agreed to review its patent infringement complain against the Taiwan based company.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 09 Aug 2011 01:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Nonfarm Productivity.<br/><br/> EUR/USD was trading at 1.4366, up 1.32% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday’s low, and resistance at 1.4426, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 09 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on Nonfarm Productivity.<br/><br/> USD/JPY was trading at 77.05, down 0.92% at time of writing.<br/><br/> The pair was likely to find support at 76.71, today’s low, and resistance at 80.24, Thursday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 09 Aug 2011 01:35 PM PDT Gol Linhas Aereas Inteligentes (NYSE:GOL) will be reporting its second-quarter 2011 earnings on Thursday, August 11, 2011.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 09 Aug 2011 01:25 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Nonfarm Productivity.<br/><br/> EUR/USD was trading at 1.4357, up 1.25% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday’s low, and resistance at 1.4426, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Markets Close Higher; Dow Jones Up 3.98% Posted: 09 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 3.98%, the S&P 500 index gained 4.74%, while the Nasdaq 100 index climbed 4.88%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a seasonally adjusted -0.3% in the last quarter from -0.6% in the preceding quarter whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Defense Enlists Boeing-Siemens Posted: 09 Aug 2011 01:06 PM PDT Defense behemoth The Boeing Company (NYSE:BA) and Siemens Corporation, a U.S. subsidiary of Siemens AG (NYSE:SI), said they have entered a strategic deal to jointly develop and sell “smart grid” technologies to the U.S. Department of Defense (DoD).
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| Fed Funds To Stay Unchanged Til Mid-2013 Posted: 09 Aug 2011 01:06 PM PDT The Fed just finished its meeting, and here is its current policy statement, along with its previous statement (from June 22, 2011). I present the two statements on a paragraph by paragraph basis, and then intersperse my translation/commentary. As was universally expected, there was no change in the 0 to 0.25% Fed Funds rate. QE2 is over, and despite the bad economic data and receding inflation threats, Fed Chair Ben Bernanke gave no indication that they would move on to a third round of large … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 09 Aug 2011 01:06 PM PDT General Mills Inc. (NYSE:GIS) announced its financial results for the fourth quarter of 2011 on June 29 with operating earnings of 52 cents a share, in line the Zacks Consensus Estimate.
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| AOL Weighed Down By A 2Q Loss & Sliding Revenue Posted: 09 Aug 2011 01:00 PM PDT 08/09/11 Led by a huge accounting charge, AOL Inc. announced Tuesday that it posted a narrowed fiscal 2Q loss while revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Down During The U.S. Session Posted: 09 Aug 2011 12:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.K. data on Industrial Production.<br/><br/> GBP/USD was trading at 1.6282, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.6177, today’s low, and resistance at 1.6475, Monday’s high.<br/><br/> Earlier in the day, official data showed that Industral production in the U.K. remained unchanged unexpectedly at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Markets In Everything: Rent People By The Hour Posted: 09 Aug 2011 12:49 PM PDT Pal Locale is "a community of pals available for rent by the hour." Read more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Optimer Loss Widens As Costs Spiral Posted: 09 Aug 2011 12:35 PM PDT Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR) posted second quarter 2011 earnings loss per share of 52 cents, wider than the year-ago loss of 26 cents per share and the Zacks Consensus Estimate of a loss of 39 cents. The wider loss was the result of increased operating expenses associated with the commercial launch of antibiotic Dificid, Optimer's only marketed drug.
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| Posted: 09 Aug 2011 12:35 PM PDT Consumer goods packaging products manufacturer Silgan Holdings Inc. (NASDAQ:SLGN) announced that its board of directors has authorized an aggregate buyback of $300 million of common stock, including the previous authorization. The company will have to repurchase the shares within December 31, 2014, as per the new authorization.
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| Posted: 09 Aug 2011 12:35 PM PDT We are maintaining our long-term Neutral recommendation on Nabors Industries (NYSE:NBR) reflecting its strong position in the majority of fertile natural gas and oil-based shale plays that is partially offset by weak natural gas fundamentals.
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| Fed Pre-Commits On Low Rates Through Mid-2013, No Other Moves Taken Posted: 09 Aug 2011 12:32 PM PDT The Federal Reserve met today amid uncertainty and global concern over the direction of financial markets. We had some easing of that sentiment prior to the announcement as the market and it seems the market is hoping on a "Bernanke Put", the confidence that he will go ahead and take some action in order to help revive the economy. The Fed's Options Heading into the Meeting
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| Forex – USD/CHF Down During U.S. Trade Posted: 09 Aug 2011 12:20 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.7164, down 5.13% at time of writing.<br/><br/> The pair was likely to find support at 0.7074, today’s low, and resistance at 0.7801, Thursday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.74% to hit 1.4284 and USD/JPY falling 1.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hot Option Plays: FOMC Decision Today Posted: 09 Aug 2011 12:17 PM PDT Cusick’s Corner
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| Forex – USD/CAD Down In U.S. Trade Posted: 09 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on Nonfarm Productivity.<br/><br/> USD/CAD was trading at 0.9900, down 0.45% at time of writing.<br/><br/> The pair was likely to find support at 0.9611, Thursday’s low, and resistance at 1.0010, today’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCHF Corrects 38.2% Of The Last Leg Down Posted: 09 Aug 2011 12:03 PM PDT |
| Forex – EUR/USD Up In U.S. Trading Hours Posted: 09 Aug 2011 11:45 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Nonfarm Productivity.<br/><br/> EUR/USD was trading at 1.4215, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday’s low, and resistance at 1.4426, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCHF Moves Below 0.7100. EURCHF Approaches Parity. Posted: 09 Aug 2011 11:44 AM PDT USDCHF moves through the trnedline support lines and falls like a rock. What was thought to be low levels is now lower and lower levels. Traders who buy continue to be stopped out. The latest line to get through broke at 0.7196. The level above that was at 0.7228. Looking a tthe 5 minute chart if you put a fibonacci on the last leg down , the 38.2% retracement comes in at the 0.7160 level. Meanwhile the EURCHF fell below its trendline and also fell like a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| US FOMC Holds Fed Funds Rate At 0 To 0.25% Posted: 09 Aug 2011 11:31 AM PDT The US Federal Open Market Committee (FOMC) held the fed funds rate unchanged at 0 to 0.25 percent, and made no changes in regards to its completed quantitative easing programs. The Fed noted: “The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.” – dropping the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Sold GBG – $1.84 BUY DZZ – $4.96 — Golds D Wave Retracements Posted: 09 Aug 2011 11:22 AM PDT I decided to sell my position in Great Basin Gold (GBG) at $1.84 and recognize an ouchy 13.2% loss. With the same money, I purchased a long position DB Gold Double Short ETN (DZZ) at $4.96. In effect, I traded one position for another. Click on any chart to ENLARGE I will continue to hold my losing position in TNA in hopes we get at least a decent retracement in the near future. Gold is presently trading at around $1750. It clearly seems to have entered into a parabolic phase which I am … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Options Strategist Sees Halliburton Rebound On The Horizon Posted: 09 Aug 2011 10:53 AM PDT Options strategist sees Halliburton rebound on the horizon
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| Run, Ride Or Buy? What Should Investors Do? Don’t Sell On Mondays! Posted: 08 Aug 2011 10:00 PM PDT There's an old contrarian investing maxim from Baron Rothschild that says "the time to buy is when there's blood in the streets, even if the blood is your own." The idea is that the best investors strategize when others panic, allowing them to buy stocks on "sale." The legend of Warren Buffett was built on this philosophy during the market turmoil of the mid-1970s.
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