DailyMarkets.com - Forex – USD/JPY Up On Economic Data

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• 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&rsquo;s low, and resistance at 79.41, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s tertiary industry activity index rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s highest since Monday; the pair subsequently consolidated at 1.4358, dropping&nbsp; 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

Japan’s Tertiary Index Rises More-than-expected Posted: 09 Aug 2011 05:05 PM PDT Forexpros – Japan&rsquo;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

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

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&rsquo;s Tuesday meeting, the U.S. Central Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.4426, Monday&rsquo;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

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

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&rsquo;s low, and resistance at 0.8650, Thursday&rsquo;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

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

Air Products Signs Pact 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. Air Products is working toward enhancing its hydrogen pipeline supply capability in the Gulf Coast. In October 2010, the company announced plans to build a new 180-mile long pipeline which will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Mortgage Woes For BofA 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. According to BofA the increase in liabilities is mostly due to the rigid stance taken by Fannie and Freddie. Also, these two GSEs are sending back more repurchase claims than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

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. The terms of the transaction were not disclosed. DST Systems is currently in expansion mode, having closed five acquisitions in the last three months. This acquisition is expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Franklin’s July AUM Surged Up 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. Month-end total equity assets came in at $313.6 billion, up 1.2% sequentially and 23.7% year over year. Of the total equity assets, roughly 74% were from international sources, including acquisition of Balanced Equity Management of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. GAAP EPS, including restructuring expenses, in the quarter was 93 cents versus 83 cents in the year-ago quarter. Revenue Net sales in the second quarter were $715.6 million, up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. Operational Performance Operating income (excluding amortization but including stock-based compensation) increased 66.7% year over year to $4.7 million. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. The company's earnings registered a whopping 87% growth from 47 cents in the year-ago period, driven by increased smartphone sales that led to high data and roaming revenues along with lower churn rates. Net income attributable to shareholders increased 81% year over year to $73.9 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. ICE will now be offering over 550 OTC energy contracts, along with the products announced yesterday, comprising more than 445 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008. Accordingly, the energy OTC contracts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. Well 16/2-8, a 65-meter deep oil column in Jurassic sandstone was drilled by the Transocean Leader. The data obtained on the reservoir substantiates the high quality of the finding. Initially, volumes are projected between 200 million and 400 million barrels of oil equivalent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Duke Energy Moves “Windward” 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. Duke Energy Renewables, a commercial business unit of Duke Energy, will build, own and operate the 200-megawatt (MW) Los Vientos I Windpower Project. The wind farm would be located at Willacy County, Texas, approximately 120 miles south of Corpus Christi and 20 miles inland from the Gulf of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. JA Solar anticipates shipments for the second quarter of 2011 to be approximately 400MW. However in the quarter gross profits were affected by inventory provisions recorded on high-cost inventory. As a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. The current Zacks Consensus Estimate for the quarter is pegged at 20 cents a share. The Zacks Consensus Estimate projects revenues to be $2,224 million for the quarter. Third Quarter 2011 Recap Sara Lee, which faces stiff competition from Kraft Foods … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. Quarterly GAAP net income from continuing operation was $177.3 million or 78 cents per share compared with a net income of $133.5 million or 58 cents per share in the prior-year quarter. The second-quarter 2011 EPS of 78 cents was well above the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. Quarter in Detail During the reported quarter, total Testim sales increased 7% to $50.5 million. Testim revenues in the US were $49.7 million. According to IMS Health, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. Before I turn to the President, though, let's be clear: The lousy economy is due to insufficient demand. Consumers – who are 70 percent of the economy — can't and won't buy because they're running out of cash. They can't borrow against homes that are worth a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Baker Wins LUKOIL Contract 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. Under the two-year contract, Baker is entitled to provide supply drilling services, formation evaluation, casing and tubing running services, completion tools and services, wellbore intervention services, wireline logging as well as perforation operations. Additionally, the company expects to contract all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. In the quarter under review, total company direct-to-consumer net merchandise sales climbed 28% to $102.1 million and total company international net sales, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A.M. Best Reassures PartnerRe 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. Alongside, A.M. Best has also reaffirmed the ICR of "aa-" and the financial strength rating (FSR) of "A+" (Superior) for Partner Reinsurance Co. Ltd. The stable ratings outlook reflects … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. NuStar, which executed the deal through its subsidiary NuStar Logistics, owns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. According to a latest report from Bloomberg, ITC will investigate Apple's five patent violation charges against HTC related to software architecture and user interfaces in portable electronic devices, hardware for touch screens and movement sensors. The case was filed with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.4426, Monday&rsquo;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

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&rsquo;s low, and resistance at 80.24, Thursday&rsquo;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

Earnings Preview: GOL 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. The current Zacks Consensus Estimate for earnings per share (EPS) is a negative 9 cents, representing an annualized growth of 15.15%.   With respect to earnings surprises over the trailing four quarters, GOL outperformedthe Zacks Consensus Estimate in two quarters and underperformed in the other two. Average earnings surprise was a negative 78.28%, which implies that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.4426, Monday&rsquo;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

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

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). The alliance between the two companies aims at providing U.S. military installations with secure microgrid management solutions that lower operational costs and increase energy efficiency. The alliance’s microgrid management solution will be designed to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Earnings Scorecard: GIS 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. Earnings for the full year 2011 went up 7.8% year over year to $2.48 per share. The full year earnings matched the Zacks Consensus Estimate. Below, we have dealt with the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

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&rsquo;s low, and resistance at 1.6475, Monday&rsquo;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

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

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. In the second quarter, revenues were $0.33 million versus $3.6 million in the prior-year quarter. Year-ago revenues were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silgan Authorizes Buyback 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. Silgan continues to create shareholders value through repurchase and payment of dividend to its shareholders. Earlier, in June 2010, the board of directors authorized a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nabors Stays At Neutral 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. Nabors enjoys a large, high-quality fleet of drilling and workover rigs, making it the leading North American land drilling contractor. Over the years, the company has not only grown through cashflow reinvestments and acquisitions but has also extended its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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 While a big announcement on another round of Quantitative Easing was not likely, we did have several options for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 0.7801, Thursday&rsquo;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

Hot Option Plays: FOMC Decision Today Posted: 09 Aug 2011 12:17 PM PDT Cusick’s Corner Top stories — London burning and market bouncing into the Fed announcement. While I would not aggressively chase long trades, intraday scalping has been solid, but look to get flat in front of the Fed. The shorts will be lurking, waiting for any catalyst to the downside, on the ready to pound equities and commodities, specifically gold. See you After Hours. Stocks are broadly higher after several days of heavy selling on Wall Street. The Dow Jones Industrial Average lost more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.0010, today&rsquo;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

Forex Trading: USDCHF Corrects 38.2% Of The Last Leg Down Posted: 09 Aug 2011 12:03 PM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.4426, Monday&rsquo;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

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

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

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

Options Strategist Sees Halliburton Rebound On The Horizon Posted: 09 Aug 2011 10:53 AM PDT Options strategist sees Halliburton rebound on the horizon Today's tickers: HAL, AOL, CQB & XRT (NYSE:HAL) – Halliburton Co. – Options activity on Halliburton suggests one strategist seized the opportunity to take a bullish stance on the provider of oil equipment and services this morning on the heels of a 27.5% dip in the price of the underlying during the past three weeks. Shares in Houston, TX-based Halliburton recovered 4.8% of their value thus far in the session to trade at $44.46 as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. There was more "blood in the streets" Monday as the world continued to digest S&P's downgrade of U.S. debt, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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