DailyMarkets.com - Texas To Boost Shareholder Value

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• Texas To Boost Shareholder Value
• Qiagen Closes Cellestis Acquisition
• Navigant Upped To Outperform
• Citi Dividend Credit Card – Get $300 Bonus Cash Back Here!
• Consumer Confidence Falls Off A Cliff In August, Down 15 Points To 44.5
• Forex Trading: AUDUSD Tests 100 Day MA At The 1.0645 Level
• U.S. CB Consumer Confidence Plunges In August
• Lowe’s Reorganizes, Eyes Growth
• HP’s Winning Spree Continues
• NZD/USD Signals Bullish Continuation In The Short-term Towards 0.8580 Then 0.8650
• Crude Oil Futures Erase Losses, Climb To 2-week High
• Forex – USD/CAD Edges Higher With Fed Minutes In Focus
• U.S. Dollar Among Leaders Ahead Of Consumer Confidence, Fed Minutes
• Stock Market News Briefs: Allstate, AMR, Barnes Group, Bank Of America, Bristol-Myers Squibb Company, Jones Apparel Group, Pfizer
• Time Warner Cable Offers Slingbox
• EUR/USD Supported Near 1.44; 1.4465-1.4486 To Be Resistance; 1.4350 Is Target
• S&P House Prices Rise 1.1% On The Month, Down 4.5% On The Year
• Forex Trading: EURUSD Consolidating In Early NY Trading
• The Disparity-Proves-Discrimination Standard Gets Applied Selectively; NBA, WNBA Get An A+ For Race
• GBP/USD’s Pullback Rejected At 1.6450; Confirms Bearish Intent
• Swiss Franc: Caution
• Canadian Dollar: Technical Rebound In A Bearish Trend
• Australian Dollar: Technical Rebound In A Bearish Trend
• Japanese Yen: Under Pressure
• British Pound: Under Pressure
• Euro: The Downside Prevails
• Looking For The Market’s Next Move
• S&P/Case-Shiller Home Price Index Falls Less-than-expected
• EA Launches Tetris For Android
• Forex – EUR/JPY Hits 2-day Low As EZ Debt Fears Weigh
• Amdocs Remains Neutral
• Fluor In Malampaya Phase 3
• Forex Trading: USDCHF Comes Off Highs. Momentum Fades Above 0.8210 Again. Levels Eyed.
• U.S. Futures Point Lower Ahead Of Fed Minutes; Dow Sheds 0.65%
• Canadian RMPI Falls Unexpectedly In July
• Canada’s Q2 Current Account Deficit Widens More-than-expected
• 4G BlackBerry In Early 2012
• EPA Approves DuPont’s Optimum
• Double Dip Concerns, Italian Austerity And Debt Auction, And Data Pressure EUR
• Forex – Dollar Broadly Higher As Fed FOMC Minutes Eyed
• Forex – GBP/USD Extends Losses After Weak U.K. Data
• Forex – EUR/USD Extends Losses, Falls To 2-day Low
• Forex – Dollar Close To 5-week High Against Swiss Franc
• Wheat Futures Fall To 2-day Low As U.S. Crop Concerns Ease
• Forex – EUR/GBP Hits 3-day Low As Euro Zone Debt Fears Weigh

Texas To Boost Shareholder Value Posted: 30 Aug 2011 07:50 AM PDT Texas Roadhouse Inc (TXRH), a casual dining restaurant chain, in a bid to optimize shareholders' return, recently announced a new share repurchase program and a quarterly dividend payout. The newly announced share repurchase program authorizes the company to buy back $50.0 million worth shares through open market transactions. In the first six month of 2011, Texas repurchased 1,500,000 shares for a total purchase price of $25.3 million. The Louisville, Kentucky-based company also declared a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Qiagen Closes Cellestis Acquisition Posted: 30 Aug 2011 07:35 AM PDT Recently, Qiagen (NASDAQ:QGEN) completed the acquisition of Australia-based Cellestis Limited. Although the deal to acquire Cellestis was announced initially in April 2011, in July, Qiagen increased the offer price by 7% to $4.06 (A$3.80) per share. With this acquisition, Qiagen is expected to gain access to Cellestis' proprietary QuantiFERON technology, an innovative disease diagnostic tool.  QuantiFERON has been commercialized by Cellestis with already marketed tests and its flagship … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Navigant Upped To Outperform Posted: 30 Aug 2011 07:35 AM PDT We recently upgraded our rating on Navigant Consulting Inc. (NYSE:NCI) from Neutral to Outperform. The upgradation was based on a host of factors including strong quarterly earnings, successful inorganic growth, growing demand in the construction dispute practice and increased net revenue per consultant. Navigant Consulting reported second quarter 2011 adjusted earnings per share of 21 cents, exceeding the Zacks Consensus Estimate of 18 cents per share. The company's net revenue also came ahead … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Dividend Credit Card – Get $300 Bonus Cash Back Here! Posted: 30 Aug 2011 07:30 AM PDT Citi (NYSE:C) has now launched a new time-limited offer for its Citi Dividend Card with a $300 bonus cash back for readers of DailyMarkets.com. I must say that with its recent pumped-up card rewards, Citi is indeed making an effort to ramp up its credit card offers for borrowers with good to excellent credit score. This Citi Dividend Platinum Select MasterCard – $300 Bonus Cash Back will give new sign-ups $300 cash back when you spend $5,000 in purchases within the first 3 months of card … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Consumer Confidence Falls Off A Cliff In August, Down 15 Points To 44.5 Posted: 30 Aug 2011 07:12 AM PDT US consumer confidence plummeted in August, likely as a result of the debt ceiling debate that we saw in Washington. The consumer confidence index from the Conference Board slid 15 points to 44.5 from July's 59.5. That's the worst reading we've had since April 2009 and was far worse than expectations of the market of a 52.2 reading. The major factor was a steep more than 20 point drop in future expectations to 51.9 from 74.9. The present situation index dipped around two points to 33.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Tests 100 Day MA At The 1.0645 Level Posted: 30 Aug 2011 07:06 AM PDT The AUDUSD is testing the 100 day MA at the 1.0645.  Key level for the pair.  The price has been above it today. It has been below it today.  The price has been supported by the break of the bull flag three trading days ago (see chart above). The pair will be fighting between USD weakness on weak Consumer Confidence data/QE3 possibility and risk off  should stocks start to falter that could tilt the AUDUSD to the downside. The 100 day MA is the dividing line from a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. CB Consumer Confidence Plunges In August Posted: 30 Aug 2011 07:06 AM PDT Forexpros – U.S. consumer confidence plunged in August, dropping to the lowest level since August 2009, industry data showed on Tuesday. In a report, the Conference Board, a market research group said its index of consumer confidence fell by 14.7 poins to 44.5 in August from a reading of 59.2 in July, whose figure was revised down from 59.5. Analysts had expected the index to decline to 52.2 in August. The report showed that the Present Situation Index decreased to 33.3 from 35.7, while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lowe’s Reorganizes, Eyes Growth Posted: 30 Aug 2011 07:05 AM PDT To enliven competence, augment operational efficiencies and enrich customers shopping experience, Lowe's Companies Inc. (NYSE:LOW), the world’s second largest home improvement retailer, recently announced reformation of its store and merchandising operations. The move was the need of the hour as Lowe’s posted soft second-quarter 2011 results and trimmed its fiscal 2011 projection. Moreover, heavy job losses and reduced access to credit have led to a sharp drop in consumer discretionary spending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP’s Winning Spree Continues Posted: 30 Aug 2011 07:05 AM PDT Hewlett-Packard Company (NYSE:HPQ) recently announced that the U.S. Air Force (USAF) will deploy its Workstations and Desktop PCs. Financial terms of the deal were not disclosed. The latest deal emerges from an enterprise information technology purchase program conducted by the USAF. This isn't, however, the first tie-up between the tech giant and the Air Force. For the past 5 years, the USAF has deployed 900,000 units of HP's products. Under the recent deal, HP will provide USAF with Z800 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Signals Bullish Continuation In The Short-term Towards 0.8580 Then 0.8650 Posted: 30 Aug 2011 07:01 AM PDT Prev: NZD/USD Trying to Resume Downtrend; 0.8120 is an Important Pivot (8/21) NZD/USD The NZD/USD has been rallying in a channel as seen in the 1H chart. Tuesday's US session is showing a strong bullish candle that is engulfing the previous bearish candles. Price action alone suggests bullish continuation. Also, note the RSI staying above 40, and crossing above 70 to show bullish momentum in the short-term. The lower RSI low, but corresponding higher price low provides a "positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Erase Losses, Climb To 2-week High Posted: 30 Aug 2011 06:57 AM PDT Forexpros – Crude oil futures climbed to a two-week high on Tuesday, erasing earlier losses after dovish comments from Chicago Federal Reserve President Charles Evans fuelled speculation over additional stimulus to bolster U.S. economic growth. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD88.08 a barrel during U.S. morning trade, jumping 0.74%. It earlier rose as much as 1.1% to trade at USD88.23 a barrel, the highest price since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Edges Higher With Fed Minutes In Focus Posted: 30 Aug 2011 06:37 AM PDT Forexpros – The U.S. dollar was up against its Canadian counterpart for the first time in three days for on Tuesday, recouping some of the previous day's losses as appetite for riskier assets weakened ahead of the release of minutes from the most recent Federal Reserve policy-setting meeting later in the day. USD/CAD hit 0.9806 during U.S. morning trade, a daily high; the pair subsequently consolidated at 0.9792, gaining 0.23%. The pair was likely to find short-term support at 0.9739, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Dollar Among Leaders Ahead Of Consumer Confidence, Fed Minutes Posted: 30 Aug 2011 06:37 AM PDT Fundamental Headlines • Home Prices in U.S. Probably Fell in June – Bloomberg • IASB Criticizes Greek Debt Writedowns – Financial Times • Fed's Evans Favors Strong Policy Accommodation – Reuters • Irene Costs Restart Washington Budget Battle – Reuters • Europeans Appear Set to Pause Rate Rises – WSJ European Session Summary Markets priced in a typical day on Tuesday, returning to their historical correlations after haphazardly to start the week on Monday. Indeed, after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Allstate, AMR, Barnes Group, Bank Of America, Bristol-Myers Squibb Company, Jones Apparel Group, Pfizer Posted: 30 Aug 2011 06:36 AM PDT     Bank of America (NYSE:BAC) shares increased 8.12% to close at $8.39 after the bank disclosed it would be selling half of its holdings to China Construction Bank Corp in order to raise capital     Share prices of insurer The Allstate Corp. (NYSE:ALL) advanced 8.50% to close at $26.30 after estimates showed property damage from Hurricane Irene was relatively lower     Crosshair Exploration & Mining (AMEX:CXZ) has told Australian American Mining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Time Warner Cable Offers Slingbox Posted: 30 Aug 2011 06:36 AM PDT Time Warner Cable Inc. (NYSE:TWC), the second-largest cable operator in the U.S., plans to offer its latest electronic device called Slingbox, which is manufactured by Sling Media Inc. at a subsidized rate. The new device, once connected to the set-top box allows subscribers to watch their favorite TV programs on any electronic gadgets, whether it's PC, tablet or smartphones from anywhere and anytime. Slingbox is priced at $300 but will be available to the subscribers of Time Warner Cable at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Supported Near 1.44; 1.4465-1.4486 To Be Resistance; 1.4350 Is Target Posted: 30 Aug 2011 06:35 AM PDT Prev: If EUR/USD Clears 1.4577 and Holds Above 1.45, 1.4940 is in Sight (8/29) EUR/USD The EUR/USD fell sharply over the Tuesday Asian and European session, but is supported at the beginning of the US session on Tuesday. The 1H chart shows this as a sharp decline that pushed the RSI below 30, establishing short-term bearish momentum. We have a bounce right now, but if the price action coming down is an indication of bearish intent in the short-term, we should get a follow through after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S&P House Prices Rise 1.1% On The Month, Down 4.5% On The Year Posted: 30 Aug 2011 06:31 AM PDT For the 3rd month in a row we saw housing prices increasing on a monthly basis – up 1.1% – at least in the 20-metropolitan areas covered by the S&P/Case Shiller house price index and if we do not consider seasonal adjustments. Back in April, we had our first increase in 8 months, though the improvement could be part of the beginning of the spring-summer home-buying season and therefore may be temporary. Seasonally adjusted, the 20-city index actually slipped 0.1%, and the 10-city index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Consolidating In Early NY Trading Posted: 30 Aug 2011 06:30 AM PDT The EURUSD has been consolidating after the fall overnight. The EURUSD trended to the downside, helped lower by an Italian bond auction which was less than stellar.  The dovish Chicago Fed Evan's comments led to some dollar selling and the pair moved higher above the 200 hour MA (green line in the chart above).  The 1.4440 area (38.2% of the days range) and the 100 hour MA at the 1.4449 level remain upside resistance levels.  Staying below keeps the bears satisfied. Moving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Disparity-Proves-Discrimination Standard Gets Applied Selectively; NBA, WNBA Get An A+ For Race Posted: 30 Aug 2011 06:26 AM PDT Does the “disparity-proves-discrimination” standard apply here? Apparently not, this gets an A+ for race. Share of U.S. Population Share of NBA Share of WNBA Black 15.4% < 78% 63% White 75% > 17% 21% Hispanic 12.4% > 4% 3% Asian 4.4% > 3% 0% If you saw the data in the chart above and were asked to make an assessment about the degree of racial diversity represented by the outcomes, how would you grade these outcomes?  After all, the racial representations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD’s Pullback Rejected At 1.6450; Confirms Bearish Intent Posted: 30 Aug 2011 06:19 AM PDT Prev: Above 1.64530, GBP/USD Opens up 1.6618, 1.6745 (8/29) GBP/USD Pullback Confirms Bearish Intent: The GBP/USD found resistance at the 1.6450 pivot, which was near the 200SMA in the 1H chart as well. The RSI failed to sustain a break back above 60, and fell back below 30. This suggests bearish continuation in the short-term. We are right now at 61.8% retracement of yesterday's rally. Below 1.63, we should be attacking the 1.6260, then 1.6210 levels. We might get some drying of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Caution Posted: 30 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Technical Rebound In A Bearish Trend Posted: 30 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Technical Rebound In A Bearish Trend Posted: 30 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure Posted: 30 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: 30 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: 30 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

Looking For The Market’s Next Move Posted: 30 Aug 2011 06:15 AM PDT Stocks have made some impressive gains in recent days as some of the more extreme recessionary concerns have eased. Monday’s positive personal spending data for July was very helpful on that front. But we are hardly out of the woods yet. The near-term economic picture remains quite uncertain, with the next few days bringing out a host of very consequential data points. The market’s directional thrust will depend heavily on how the economic picture unfolds through the rest of this week. On the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S&P/Case-Shiller Home Price Index Falls Less-than-expected Posted: 30 Aug 2011 06:09 AM PDT Forexpros – The S&P/Case-Shiller home price index fell more-than-expected in May, declining for the eleventh consecutive month, industry data showed on Tuesday. In a report, Standard & Poor with Case-Shiller said its house price index fell by 4.5% in June, better than expectations for a 4.7% decline. The previous month's figure was revised to a drop of 4.6% from a previously reported decline of 4.5%. The report showed that U.S. home prices rose 1.1% in June from May, building on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EA Launches Tetris For Android Posted: 30 Aug 2011 06:05 AM PDT Videogame developer and publisher, Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, is set to launch a free version of Tetris exclusively for Android smartphones. EA will be launching this hugely popular and one of the most played games in the world in association with Blue Planet Software Inc., the company that manages the exclusive licensing rights to the Tetris brand. The Android version of Tetris will carry no charges and will have new and enhanced visuals. The new avatar of Tetris … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Hits 2-day Low As EZ Debt Fears Weigh Posted: 30 Aug 2011 06:05 AM PDT Forexpros – The euro was down against the yen on Tuesday, falling to a two-day low as renewed concerns over the sovereign debt crisis in the single currency bloc weighed. EUR/JPY hit 110.45 during European late afternoon trade, the pair's lowest since Friday, the pair subsequently consolidated at 110.65, tumbling 0.73%. The pair was likely to find support at 109.23, the low of August 18 and resistance at 111.92, Monday's high and a three-week high. Sentiment on the euro was hit as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amdocs Remains Neutral Posted: 30 Aug 2011 06:00 AM PDT We reiterate our long-term Neutral recommendation on Amdocs Ltd. (NYSE:DOX). Amdocs enjoys a strong portfolio of several industry-leading technology integration products for managed services and large transformational projects. The company benefited from the long-term trend toward information technology outsourcing. We believe consolidation of the telecom industry may act as a major catalyst for the company. Historically, Amdocs remains a major beneficiary of the merger among the big U.S. telecom … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fluor In Malampaya Phase 3 Posted: 30 Aug 2011 06:00 AM PDT Fluor Corporation (NYSE:FLR) through its Fluor Offshore Solutions unit entered into a contract for the Malampaya Deepwater Gas-to-Power project's next phase development in a project kickoff and contract signing ceremony in Batangas City. The project is for the Philippine Department of Energy (DOE),  operated by Shell Philippines Exploration on behalf of Service Contract [SC] 38 joint venture partners, Chevron Malampaya and Philippine National Oil Company. About 40% of the power for the main … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Comes Off Highs. Momentum Fades Above 0.8210 Again. Levels Eyed. Posted: 30 Aug 2011 05:56 AM PDT Fed's Evans dovish comments sent Gold prices higher and the USDCHF reverted back to its safe haven mode and moved lower.  The price tested support against the 0.8184-88 level (see chart above).  The level corresponds with the 38.2% of the days range.  This level will be eyed closely by the market to determine the markets commitment to the bullishness seen over the last few weeks.  If it breaks below, the market will likely show continued liquidation.  On the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Futures Point Lower Ahead Of Fed Minutes; Dow Sheds 0.65% Posted: 30 Aug 2011 05:45 AM PDT Forexpros – U.S. stock futures pointed to a broadly lower open on Tuesday, as markets awaited the release of minutes from the most recent Federal Reserve policy-setting meeting later in the day. Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.65%, the S&P 500 futures indicated a decline of 0.7%, while the Nasdaq 100 futures signaled a 0.65% drop. Markets were awaiting the release of the minutes from the Fed's August 9 meeting, at which it pledged to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian RMPI Falls Unexpectedly In July Posted: 30 Aug 2011 05:41 AM PDT Forexpros – Canada’s raw materials price index fell unexpectedly in July, dropping for the third consecutive month, official data showed on Monday. In a report, Statistics Canada said the raw materials purchase price index declined by a seasonally adjusted 1.2% in July, after dropping by 2.4% in June, whose figure was revised down from a 2.2% decline. Analysts had expected the raw materials purchase price index to rise by 0.2%. The RMPI rose at an annualized rate of 19.4% in July, after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada’s Q2 Current Account Deficit Widens More-than-expected Posted: 30 Aug 2011 05:35 AM PDT Forexpros – Canada's current account deficit widened more-than-expected in the second quarter of 2011, official data showed on Tuesday. In a report, Statistics Canada said the country's current account deficit widened to a seasonally adjusted CAD15.3 billion, compared to a deficit of CAD10.1 billion in the previous quarter, whose figure was revised from a deficit of CAD8.9 billion. Analysts had expected Canada's current account deficit to widen to CAD13.8 billion in the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

4G BlackBerry In Early 2012 Posted: 30 Aug 2011 05:25 AM PDT A recent report in Light Reading stated that several analysts are expecting the beleaguered smartphone manufacturer Research In Motion Ltd. (NASDAQ:RIMM) to launch its first 4G BlackBerry smarthone in the first quarter of 2012. At present, Research In Motion is developing super-fast Long Term Evolution (LTE) network based BlackBerry, which will run on QNX operating system. The company is also expected to enter into a carrier partnership with Verizon Wireless, a joint venture between Verizon … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EPA Approves DuPont’s Optimum Posted: 30 Aug 2011 05:25 AM PDT EI DuPont de Nemours & Co.'s (NYSE:DD) Pioneer agricultural unit received approval from Environmental Protection Agency (EPA) to sell its Optimum AcreMax Xtra insect protection as part of its “refuge-in-a-bag” offering for corn farmers. DuPont plans to charge a premium for the product, though specific pricing will depend on geography as the company tailors its seed offerings to farmers based on location. The product is scheduled to launch in the 2012 growing season. It will help farmers to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Double Dip Concerns, Italian Austerity And Debt Auction, And Data Pressure EUR Posted: 30 Aug 2011 05:24 AM PDT We had several negative factors affecting the EUR today, which came under heavy pressure in the European session, especially against the USD, JPY and AUD. The EUR/USD , after having tested the 1.4530 area at the beginning of the global session, fell down to 1.4385 before stabilizing. The negatives for the EUR were: S&P warning about a possible double dip in Europe. Warnings from a Bank of Italy official that Italy's slow growth will make it tougher for the country to meet its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher As Fed FOMC Minutes Eyed Posted: 30 Aug 2011 05:10 AM PDT Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Tuesday, as a combination of fears over the euro zone debt crisis and lingering concerns over the outlook for global growth weighed on risk appetite. During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 0.74% to hit 1.4403. Sentiment on the shared currency was hit as German Chancellor Angela Merkel faced increased parliamentary opposition to a planned expansion the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Losses After Weak U.K. Data Posted: 30 Aug 2011 05:03 AM PDT Forexpros – The pound extended losses against the U.S. dollar on Tuesday, falling to a two-day low after official data showed that consumer borrowing rose less-than-expected in July, while mortgage lending remained subdued. GBP/USD hit 1.6278 during European afternoon trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.6303, shedding 0.63%. Cable was likely to find support at 1.6257, the low of August 25 and resistance at 1.6453, Monday's high. The Bank of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Extends Losses, Falls To 2-day Low Posted: 30 Aug 2011 04:20 AM PDT Forexpros – The euro extended losses against the U.S. dollar on Tuesday, falling to a two-day low amid renewed concerns over the sovereign debt crisis in the 17-nation shared currency bloc. EUR/USD hit 1.4385 during European early afternoon trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.4409, shedding 0.69%. The pair was likely to find support at 1.4330, Friday's low and resistance at 1.4532, the days high. Sentiment on the euro was hit as German … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Close To 5-week High Against Swiss Franc Posted: 30 Aug 2011 04:03 AM PDT Forexpros – The U.S. dollar was up against the Swiss franc on Tuesday, trading close to a five-week high as investors remained wary over the prospect of further measures to weaken the franc and as concerns over the outlook for global growth eased. USD/CHF hit 0.8215 during European late morning trade, the daily high; the pair subsequently consolidated at 0.8213, gaining 0.68%. The pair was likely to find support at 0.8067, Monday's low and short-term resistance at 0.8241, Monday's high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wheat Futures Fall To 2-day Low As U.S. Crop Concerns Ease Posted: 30 Aug 2011 03:49 AM PDT Forexpros – Wheat futures were down on Tuesday, slumping to a two-day low after a government report showed that U.S. wheat crop conditions improved last week, while a broadly stronger U.S. dollar also weighed. On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD7.8762 a bushel during European morning trade, dropping 0.8%. It earlier fell as much as 1.1% to trade at USD7.8462 a bushel, the lowest price since August 26. The U.S. Department of Agriculture said … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Hits 3-day Low As Euro Zone Debt Fears Weigh Posted: 30 Aug 2011 03:24 AM PDT Forexpros – The euro was down against the pound on Tuesday, falling to a three-day low as ongoing concerns over the sovereign debt crisis in the single currency bloc weighed. EUR/GBP hit 0.8816 during European morning trade, the pair's lowest since August 25; the pair subsequently consolidated at 0.8820, shedding 0.30%. The pair was likely to find short-term support at 0.8794, the low August 25 and resistance at 0.8866, the high of August 26 and a two-week high. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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