DailyMarkets.com - Ritz-Carlton Rewards Credit Card – Get 50,000 Points Signing Bonus Here!

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• Ritz-Carlton Rewards Credit Card – Get 50,000 Points Signing Bonus Here!
• Gold Goes Parabolic On Safe Haven Buying
• U.S. Wholesale Inventories Rise Less-than-expected In June
• Yet Another Victory For Apple
• Forex – EUR/CHF To Retest Record Low On French Debt Fears
• Wednesday Links
• Safe Havens Gain Despite SNB Threat As Equities Continue Slide
• Forex Trading: USDCHF Risk Intensified
• Earnings Preview: Broadridge
• Forex – EUR/GBP Turns Lower Amid French Downgrade Speculation
• Concerns Over French Credit Rating Hit European Bank Shares And EUR/USD
• Quote Of The Day: Too Big To Fail
• Forex Trading: USDJPY Continues Its Fall Down. Tests Lows
• MRX’s EPS In Line, Revenues Beat
• Stock Market News Briefs: ATP Oil & Gas, CBS, GeoResources, Lance, Renesola Ltd., Sempra Energy, Stereotaxis
• Liberty Media Outperforms
• Forex – USD/CAD Jumps As Risk Aversion Sharpens
• Forex Trading: EURUSD Falls Sharply Toward Key Trendline/MA Support
• Japanese Yen: Under Pressure
• Swiss Franc: The Downside Prevails
• British Pound: Under Pressure
• Euro: The Downside Prevails
• Morning Market Brief
• Air Products- Motiva Enter Deal
• Allegheny’s Contract Ratified
• What Is The Fed Saying?
• EUR/USD Holds Below 1.44 And Forms A Double Top In Early US Session
• U.S. Futures Sharply Lower As Fed Rally Short-lived; Dow Drops 1.5%
• Brent Oil Finds Consolidation Support Near $100/bbl
• URS Below Estimate
• Viacom Still Neutral
• Forex – Dollar Up Vs. Most Rivals But Slumps Against Yen
• Forex – EUR/USD Pares Losses After Italian Bond Auction
• GBP/USD Rejects Break Below 1.62 After UK Inflation Remains Above 2%
• Forex – GBP/USD Pares Losses In Wake Of BoE Inflation Report
• European Stocks Pare Gains As Financials Retreat; DAX Up 2%
• The Federal Reserve Comes Clean

Ritz-Carlton Rewards Credit Card – Get 50,000 Points Signing Bonus Here! Posted: 10 Aug 2011 07:35 AM PDT The Ritz-Carlton Rewards program gives some of the best benefits in the hotel industry, and now with the new launch of the Ritz-Carlton Rewards Card, which is issued by JPMorgan Chase (NYSE:JPM), you will earn rewards at an accelerated pace. This Visa (NYSE:V) Signature card is the official Ritz-Carlton credit card, and is a luxury card that I highly recommend to those of you who like staying at Ritz-Carlton, and are looking for an exceptional rewards credit card with the most exclusive benefits. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Goes Parabolic On Safe Haven Buying Posted: 10 Aug 2011 07:18 AM PDT Wednesday, August 10, 2011 Some traders who wish to be long Gold for the long-term but who fear a potential correction might be overdue may wish to consider exploring a put ratio spread. For example, with December Gold trading at 1750.00 as of this writing, a December Gold 1680 put could be bought and 2 December Gold 1590 puts sold. Ideally, you would want to initiate a ratio spread at a net-credit which would allow for a profit even if the market moved sharply higher at expiration. Traders … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Wholesale Inventories Rise Less-than-expected In June Posted: 10 Aug 2011 07:07 AM PDT Forexpros – U.S. wholesale inventories rose less-than-expected in June, posting the smallest gain since November 2010, official data showed on Wednesday.<br /><br />In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.6% in June, below expectations for a gain of 1.0%.<br /><br />The previous month&rsquo;s figure was revised down to 1.7% from a previously reported gain of 1.8%.<br /><br />Following the release of the data, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yet Another Victory For Apple Posted: 10 Aug 2011 07:05 AM PDT Apple Inc.(NASDAQ:AAPL) has won an injunction against Samsung Electronics Co., as a German court barred the latter from selling its Galaxy Tab 10.1 touchscreen tablets in the European Union. However, the ruling has kept Netherlands out of the fray and has not implemented any restriction on Samsung in the region. Thereafter, Apple filed a separate patent infringement case in the Netherlands, which is scheduled for hearing on Wednesday. Samsung's Galaxy Tab 10.1 was released earlier this summer and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF To Retest Record Low On French Debt Fears Posted: 10 Aug 2011 07:03 AM PDT Forexpros – The euro turned lower against the Swiss franc on Wednesday, surrendering gains made after the Swiss National Bank announced further measures to weaken the franc, as fears over a possible French downgrade weighed on the single currency. <br /><br />EUR/CHF retreated from 1.0523, the daily high, to hit 1.0306 during U.S. morning trade, slumping 0.51% on the day. <br /><br />The pair was likely to find support at 1.0066, Tuesday&rsquo;s low and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesday Links Posted: 10 Aug 2011 07:02 AM PDT 1. Infographic: App Store Growth Compared to McDonald’s Burgers. 2. 534 lobsters released in Buddhist ceremony are retaken by lobstermen. 3. What’s Happening to Men? Boys today are growing up in a culture that, unlike any before in civilization, is agnostic about their future familial responsibilities.  4. Lessons from the 1990s: Obama has called for taxing corporate jet owners to help offset government spending and balance the federal budget. It is just the latest example of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Safe Havens Gain Despite SNB Threat As Equities Continue Slide Posted: 10 Aug 2011 06:58 AM PDT The Japanese Yen and the U.S. Dollar were the strongest performing currencies in the Asian and European sessions as the Federal Reserve's shift in monetary policy to keep interest rates at historic lows until at least "mid-2013" failed inspire confidence in investors. Market participants, although ultimately perceiving the data as risk-positive as the Federal Open Market Committee signaled that another round of quantitative easing could be an option, continued to bid the traditional safe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Risk Intensified Posted: 10 Aug 2011 06:56 AM PDT   The CHF continues to be a safe haven, but you have to wonder when it will stop.  I think the risk in the pair is high in either direction. The technicals say down still (although consolidation has the market more balanced).  The fear of intervention move is in my mind. I never bet on intervention so staying out as risk is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Broadridge Posted: 10 Aug 2011 06:50 AM PDT Broadridge Financial Solutions Inc. (NYSE:BR) is scheduled to announce its fourth quarter fiscal 2011 results on August 11, 2011. There were no changes in analysts' estimates in recent months. Third Quarter Overview Broadridge delivered decent third quarter results, beating the Zacks Consensus Estimate on both the top and bottom lines. The quarter's adjusted earnings came in at 25 cents per share, which was 6 cents above of our expectation. The quarter's beat was attributed to higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Turns Lower Amid French Downgrade Speculation Posted: 10 Aug 2011 06:50 AM PDT Forexpros – Pros &ndash; The euro turned lower against the pound on Wednesday, pulling back from a one-month high amid speculation France&rsquo;s sovereign debt rating could be downgraded, adding to fears over the region&rsquo;s debt crisis.<br /><br />EUR/GBP pulled back from 0.8885, the highest since July 11, to hit 0.8785 during U.S. morning trade, down 0.23% on the day. <br /><br />The pair was likely to find support at 0.8675, Tuesday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Concerns Over French Credit Rating Hit European Bank Shares And EUR/USD Posted: 10 Aug 2011 06:46 AM PDT The EUR/USD came into today's NY trading session with the pair holding onto its gains from yesterday post-FOMC. However, it did not manage to breach the 1.44 level, and as we got underway in NY we had French and Italian bank shares coming under heavy pressure on rumors of a possible downgrade to France. Both Moody's and Fitch re-affirmed their AAA ratings with stable outlook, and so its S&P that again can cause strong market turmoil if it decides, like it did with the US to knock … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quote Of The Day: Too Big To Fail Posted: 10 Aug 2011 06:44 AM PDT “If banks are “too big to fail,” they are too big. They must be allowed to succeed or fail on their own merit, without any hint of government support. The failed behemoths at the core of housing finance, Fannie Mae and Freddie Mac, should be wound down. Robust, dynamic competition is a far better way to allocate credit.” ~Kevin Warsh and Jeb Bush in today’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Continues Its Fall Down. Tests Lows Posted: 10 Aug 2011 06:42 AM PDT The USDJPY is moving sharply lower with the low from July 29th at 76.23 the next target. Below that level, the price channel trendline (bottom) comes in at the 76.17. What would get me bullish?  Holding the support trendlines, but even then, I would need to see the price move above hurdles above. If the price cannot get above certain levels and stay above, the bears remain in control.  The small hurdles are outlined in the chart below with 76.46, 76.56 and the 100 bar MA at the 76.61 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MRX’s EPS In Line, Revenues Beat Posted: 10 Aug 2011 06:35 AM PDT Medicis Pharmaceutical Corp.'s (NYSE:MRX) second quarter fiscal 2011 earnings per share (EPS) inched up 1.8% from the prior-year quarter to 64 cents, and were in line with the Zacks Consensus Estimate. Higher revenues during the quarter helped boost earnings. Quarterly revenues increased 9.9% to $190.8 million, beating the Zacks Consensus Estimate of $188 million. Elevated revenues from non-acne products and other non-dermatological products led to the improved top-line performance. While, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: ATP Oil & Gas, CBS, GeoResources, Lance, Renesola Ltd., Sempra Energy, Stereotaxis Posted: 10 Aug 2011 06:35 AM PDT     AOL (AOL) reported a loss Q2 EPS of $0.11, against the Zacks Consensus Estimate of a profit of $0.02 per share. Revenues for the quarter declined by 8% to $542.2 million     Snyder’s-Lance (NASDAQ:LNCE) posted Q2 EPS of $0.16, ex-items, missing the Zacks Consensus Estimate of $0.18 per share. Revenues for the quarter increased by 75.7% year-over-year to $413.0 million     ReneSola (NYSE:SOL) posted Q2 EPS of $0.02, missing consensus estimates of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Liberty Media Outperforms Posted: 10 Aug 2011 06:35 AM PDT Liberty Media Corp. (NASDAQ:LINTA) reported solid financial results in the second quarter of 2011. Quarterly revenues of $2,245 million was an improvement of 9.9% year over year, surpassing the Zacks Consensus Estimate of $2,166 million. Quarterly EPS was 30 cents, far ahead of the Zacks Consensus Estimate of 20 cents. Quarterly total operating income was $382 million compared with $287 million in the year-ago quarter. In the second quarter of 2011, consolidated adjusted OIBDA was $574 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Jumps As Risk Aversion Sharpens Posted: 10 Aug 2011 06:33 AM PDT Forexpros – The U.S. dollar was up against its Canadian counterpart on Wednesday, recouping losses from the previous day as risk aversion sharpened amid mounting fears over the global economic recovery.<br /><br />USD/CAD hit 0.9911 during U.S. morning trade, the daily high; the pair subsequently consolidated at 0.9893, jumping 1.23%.<br /><br />The pair was likely to find short-term support at 0.9767, Tuesday&rsquo;s low and resistance at 1.0009, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Falls Sharply Toward Key Trendline/MA Support Posted: 10 Aug 2011 06:18 AM PDT The EURUSD moved sharply lower as the stock market gets ready to open (down > 200 on the Dow). The price tested trendline and the 100 hour MA levels and found some profit taking buyers.  The 200 hour MA above will be watched as resistance now. that level comes in at the 1.4261 level currently. A move above could then see the price move toward the 38.2% of the move down at the 1.4293 area.  Watching … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure Posted: 10 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

Swiss Franc: The Downside Prevails Posted: 10 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: 10 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: 10 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

Morning Market Brief Posted: 10 Aug 2011 06:15 AM PDT 08/10/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening bell. Topics include the FOMC minutes, a rise in Chinese inflation, and another high in gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products- Motiva Enter Deal Posted: 10 Aug 2011 06:06 AM PDT Air Products & Chemicals Inc. (NYSE:APD) entered a long-term agreement with Motiva Enterprises LLC for an additional supply of hydrogen to be used by Motiva’s Convent, Louisiana refinery. The hydrogen is used by refiners to make cleaner transportation fuels and other petroleum products from heavier, sour crude feedstocks. Air Products will build a 110 million-standard-cubic-feet/day hydrogen plant in Louisiana to supply refineries owned by Motiva and Marathon Ashland Petroleum (MAP). The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allegheny’s Contract Ratified Posted: 10 Aug 2011 06:06 AM PDT Allegheny Technologies Incorporated (NYSE:ATI) announced that the United Steelworkers' (USW) members have ratified its four-year contract with Allegheny Ludlum by a wide margin. The agreement will expire on June 30, 2015. The existing contracts have been extended and are effective through August 8, 2011. Allegheny is one of the largest and most diversified specialty metals producers in the world. It has approximately 11,300 full-time employees world wide, who utilizes innovative technologies to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What Is The Fed Saying? Posted: 10 Aug 2011 06:06 AM PDT With nothing major on the economic docket on Wednesday, stocks will likely continue to chew over the Fed’s Tuesday statement. We got a head-spinning rally in stocks Tuesday afternoon following the release of that statement, meaning that investors found plenty to be happy about in the Fed’s posture. But what did the Fed really say? To be fair to the Fed, they don’t really have a lot of policy options at their disposal. Interest rates are already quite low and further deployment of their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Holds Below 1.44 And Forms A Double Top In Early US Session Posted: 10 Aug 2011 06:05 AM PDT Prev: EUR/USD's Head and Shoulder's Scenario Materializing (8/9) EUR/USD - Looking at the 4H chart, EUR/USD formed an inverted head and shoulders pattern, but has yet to confirm it as a bottom. - In early US session today, we are stuck below 1.44 (despite making a high at 1.4408). - The 1.4280 is important, and is being cracked as I write this. - Let's see if support can cause a pullback from the 1.4450-1.4480 area. - Also, let's see if the RSI breaks below 40. This would pretty much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Futures Sharply Lower As Fed Rally Short-lived; Dow Drops 1.5% Posted: 10 Aug 2011 06:02 AM PDT Forexpros – U.S. stock futures pointed to a broadly lower open on Wednesday, after rallying sharply the previous day on the Federal Reserve’s pledge to keep rates at ultra-low levels &ldquo;at least&rdquo; through mid-2013.&nbsp; <br />&nbsp;<br />Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 1.5%, the S&amp;P 500 futures fell 1.3%, while the Nasdaq 100 futures dropped 1.9%.<br /><br />The Federal Reserve pledged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brent Oil Finds Consolidation Support Near $100/bbl Posted: 10 Aug 2011 05:47 AM PDT Brent Crude Bullish Divergence, Negative Reversal: - Brent is supported after cracking the $100/bbl level. We also see a bullish divergence with the RSI in the 4H chart. - However, also note that if the market doe not close out the gap (we started the week with), it could be in the process of developing a negative reversal signal (higher RSI high, lower price high), which suggests bearish continuation. - A rally to 109.50 would rid this signal, but is vulnerable to being faded there as well. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

URS Below Estimate Posted: 10 Aug 2011 05:35 AM PDT URS Corp. (NYSE:URS) reported second-quarter fiscal 2011 earnings per share of 86 cents, below the Zacks Consensus Estimate of 92 cents. Earnings for the quarter were above the prior-year earnings per share of 76 cents. Total Revenue Total revenue in the quarter was $2.36 billion compared with $2.25 billion in the prior-year quarter. The company benefited from revenue growth in the industrial and commercial business, which includes mining, oil and gas, and industrial and manufacturing industries. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Viacom Still Neutral Posted: 10 Aug 2011 05:35 AM PDT Viacom Inc. (VIA.B) reported excellent financial results for the third quarter of fiscal 2011. Both top and bottom line were well ahead of the Zacks Consensus Estimates. Strong viewership rating for Viacom's cable channels resulted in higher advertising revenue. In addition to the domestic market, advertising revenue from international markets also witnessed double-digit growth. Additionally, higher TV license fees also boosted Filmed Entertainment segment. However, ongoing economic turmoil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Up Vs. Most Rivals But Slumps Against Yen Posted: 10 Aug 2011 05:10 AM PDT Forexpros – The U.S. dollar advanced against most of its major counterparts on Wednesday, but was down against the yen, falling below the level that prompted Japanese officials to intervene in currency markets last week, after the Federal Reserve pledged to keep rates at ultra-low levels for an extended period.<br /><br />During European afternoon trade, the greenback was up against the euro, with EUR/USD dipping 0.12% to hit 1.4357.<br /><br />Italy sold a total of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Pares Losses After Italian Bond Auction Posted: 10 Aug 2011 04:53 AM PDT Forexpros – The euro pared losses against the U.S. dollar on Wednesday, easing off the daily low after a well-received Italian bond auction helped ease concerns over the region&rsquo;s debt crisis. <br /><br />EUR/USD pulled back from 1.4309, the daily low, to hit 1.4352 during European afternoon trade, still down 0.16% on the day. <br /><br />The pair was likely to find support at 1.4054, the low of August 5 and a two-week low and short-term resistance at 1.4425, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Rejects Break Below 1.62 After UK Inflation Remains Above 2% Posted: 10 Aug 2011 04:47 AM PDT The inflation concern of the BoE was highlighted in the latest BoE Inflation Report. With CPI inflation above 2%, there is less a prospect of increasing stimulus, or QE, and a higher chance of a rate hike getting closer. The decline seen in the GBP/USD ahead of the report was rejected from going below 1.62. GBP/USD Doji: - The 1H chart shows that during the release of the BoE Inflation Report, a doji appeared. With the tail mainly pointing south, it reflects a rejection from below 1.62 (low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Pares Losses In Wake Of BoE Inflation Report Posted: 10 Aug 2011 04:29 AM PDT Forexpros – The pound pulled back from the daily low against the U.S. dollar on Wednesday, paring losses suffered after the Bank of England lowered its forecast for growth and inflation, reaffirming the central bank&rsquo;s position to keep interest rates at a record low of 0.5%.<br /><br />GBP/USD pulled back from 1.6189, the daily low, to hit 1.6263 during European afternoon trade, still down 0.32% on the day. <br /><br />Cable was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Pare Gains As Financials Retreat; DAX Up 2% Posted: 10 Aug 2011 03:52 AM PDT Forexpros – European stock markets were up on Wednesday, but well off their earlier highs as a rally fuelled by the Federal Reserve&rsquo;s pledge to keep rates at ultra-low levels &ldquo;at least&rdquo; through mid-2013 began to fade.&nbsp; <br /><br />During European afternoon trade, the EURO STOXX 50 rose 0.45%, France&rsquo;s CAC 40 climbed 0.55%, while Germany&rsquo;s DAX 30 surged 2%. <br /><br />The Federal Reserve pledged on Tuesday to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Federal Reserve Comes Clean Posted: 10 Aug 2011 03:47 AM PDT Have you ever officially read a Federal Reserve statement? Many market participants rip apart Fed statements within seconds of release looking for key words or phrases to decipher the path of future Fed policy. Often reading a Fed statement is like reading a Tarot card as the 'great and all powerful Fed' provides sufficient obfuscation in order to cover a whole slew of bases. Yesterday's Federal Reserve statement struck me as far different from those in the past as it left very little to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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