Wednesday, September 28, 2011

DailyMarkets.com - Forex – USD/JPY Loses Ground In Mid-day Asian Trade

DailyMarkets.com - Forex – USD/JPY Loses Ground In Mid-day Asian Trade

Forex – USD/JPY Loses Ground In Mid-day Asian Trade

Posted: 28 Sep 2011 07:29 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Thursday, following a losing session on Wall Street and a downbeat assessment of the U.S. labor market from the Federal Reserve Bank chairman.

In mid-day Asian trade USD/JPY hit 76.42, the pair's lowest since Wednesday; the pair subsequently consolidated at 76.53, dropping 0.11%.

The pair was likely to find support at 75.97, the low of August 19, and resistance at 77.86 the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd 4hr Testing Top Of A Downward Channel

Posted: 28 Sep 2011 06:56 PM PDT

The usd/hkd is testing the top of the downward channel while the hang seng index is down -119.49 -.66%. If we see it break through we might see it continue its rally on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Fall In Early Trade; Nikkei Sheds 0.8%

Posted: 28 Sep 2011 06:44 PM PDT

Forexpros –
Forexpros – Asian stocks fell in Thursday trade, mirroring declines on Wall Street on concerns over ongoing struggles to rein in European debt.

During early Asian trade, Japan's Nikkei Index retreated 0.8%, while Australia's S&P/ASX 200 dropped 1.39% to 3,979.40.
The Topix Index of all shares listed on the first section of the Tokyo Stock Exchange, gave up 0.66% to trade at 748.92.
The Hong Kong Exchange on Thursday said it would be delaying the opening of its securities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Falls In Early Asian Trade

Posted: 28 Sep 2011 06:09 PM PDT

Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Thursday, on a general fall in global equities as well an unexpected rise in U.S. crude stockpiles.

On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD79.92 a barrel during early Asian trade, dropping 1.08%, after hitting a daily high of USD80.83.

The U.S. Energy Information Administration Agency in its weekly report earlier Wednesday, showed that crude oil inventories rose by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Appear To Have Resumed Post-FOMC Down Trends

Posted: 28 Sep 2011 05:40 PM PDT

Talking Points

Crude Oil Downtrend Set to Resume as Risk Aversion Returns
Gold Selling Resumes, ETF Holdings Hit Lowest Since Late July

WTI Crude Oil (NY Close): $81.21 // -3.24 // -3.84%
Crude oil prices turned lower despite a smaller than expected build in weekly inventories and a relatively positive surprise on the US Durable Goods report as renewed fears about sovereign risk in the Euro Zone weighed on the spectrum of risky assets including the WTI contract.
Looking ahead, the focus on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Slips In Early Asian Trade

Posted: 28 Sep 2011 05:39 PM PDT

Forexpros – Forexpros – The Australian dollar moved lower against the U.S. dollar Thursday, as European and U.S. stock markets declined providing buying incentive for the safe-haven greenback.AUD/USD hit 0.9722 in early Asian trade, the pair's highest Thursday; the pair subsequently consolidated at 0.9724, falling 0.59%.The pair was likely to find support at 0.9692, Thursday's low, and resistance at 1.0078, last Thursday's high.Earlier Wednesday, the U.S. Census Bureau reported that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd 4hr Chart

Posted: 28 Sep 2011 05:23 PM PDT

usd/sgd might find some resistance from that upward trend line around 1.3080-1.3140 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Daily Chart

Posted: 28 Sep 2011 05:21 PM PDT

usd/sgd testing the 23.6% retracement level after a huge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Key Levels For The E-Mini S&P 500

Posted: 28 Sep 2011 05:14 PM PDT

The E-Mini S&P 500 has been a great intraday mover this week, with moves easily spanning 10, 15, and even 20 points a pop. Here's the key levels I'll be watching tomorrow, along with the levels for all E-Mini's..
Lower Value Relationship
The 5-minute chart of the E-Mini S&P 500 shows price tested VAL at the beginning of the day at 1,178.50 and was immediately met with selling pressure. This reversal paved the way for a steady decline the rest of the session, which sets up our game … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Decline In Early Asian Trade

Posted: 28 Sep 2011 05:11 PM PDT

Forexpros –
Forexpros – Gold futures moved moved lower in Asian trade Thursday, on concerns over Greek's debt crisis and a downward trend in global equities. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,610.15 a troy ounce during early Asian trade, down 0.22%, after hitting a low of USDS1,605.95.
In Europe, Finance officials from the European Union, the European Central Bank and the International Monetary Fund were to decide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down On Economic Data

Posted: 28 Sep 2011 05:05 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on Retail Sales.

USD/JPY was trading at 76.52, down 0.12% at time of writing.

The pair was likely to find support at 76.23, Monday's low, and resistance at 76.93, Tuesday's high.

Earlier in the day, official data showed that Japanese retail sales fell more-than-expected to a seasonally adjusted annual rate of -2.6% last month from 0.6% in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Retail Sales Fall More-than-expected

Posted: 28 Sep 2011 05:00 PM PDT

Forexpros – Japanese retail sales fell more-than-expected last month, official data showed on Wednesday.

In a report, the Ministry of Economy Trade and Industry said that retail sales fell to a seasonally adjusted annual rate of -2.6%, from 0.6% in the preceding month whose figure was revised down from 0.7%.

Analysts had expected retail sales to fall at annual rate of -0.8% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Retreats In Early Asian Trade

Posted: 28 Sep 2011 04:41 PM PDT

Forexpros – bsp;Forexpros – The euro moved lower against the U.S. dollar in Asian trade Thursday, as European auditors made their way to Greece to monitor austerity measures enacted to ensure its next installment of rescue aid.

EUR/USD hit 1.3478 in early Asian trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.3525, falling 0.12%.

The pair was likely to find support at 1.3386, the low of last Friday, and resistance at 1.3798, last Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh 4 Hour Chart

Posted: 28 Sep 2011 04:14 PM PDT

Taking a closer look after the breakout from the daily trend and tested a high of 6.5620 area and pull back to 6.4180 and found some support on the 61.8% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Daily Chart

Posted: 28 Sep 2011 04:10 PM PDT

The usd/cnh broke out of downward daily trend and might start testing the topside of this currency pair. We also need to see the top of the channel become support for this pair to give a strong signal of a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 28 Sep 2011 04:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3540, down 0.02% at time of writing.

The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8692 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cosan To Buyback $100M Stock

Posted: 28 Sep 2011 04:05 PM PDT

Brazilian sugar and ethanol producer Cosan Limited (NYSE:CZZ) recently received its Board of Directors' approval for the renewal of its share buyback program. Pursuant to the approval, Cosan can buyback shares to be held in treasury for future sale or cancellation to the amount of $100 million from July 4, 2011 to July 4, 2012.
Cosan is the largest sugar and ethanol producer in Brazil and ranks third in sugar and fifth in ethanol production in the world. The company, apart from its core … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ArcelorMittal Closes Two Mills

Posted: 28 Sep 2011 04:05 PM PDT

Steel giant ArcelorMittal (NYSE:MT) announced that it will halt melting at its Schifflange works in Luxembourg and reduce output on several of its long products rolling lines, and at its nearby Rodange facility due to weak demand in Europe.
Up to 450 people could be affected by these drastic measures. The company stated that this is a temporary step and the decision will be re-evaluated at the end of 2011.
Schifflange is set to shut for an indefinite period as ArcelorMittal blamed a sharp … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bemis Company Prices Notes

Posted: 28 Sep 2011 04:05 PM PDT

Bemis Company Inc. (NYSE:BMS) has priced its public offer of $400 million of 4.5% senior notes due 2021.
Bemis Company intends to use the net proceeds to repay $300 million worth of 4.875% notes due 2012 as well as for general corporate purposes.
Bemis Company ended the second quarter of 2011 with a debt balance of $1.48 billion, an increase of 15% from 2010-end. The debt-to-capital ratio was 43.9% at second-quarter 2011-end, a 330-basis-point increase. The issuance of $400 million of debt will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BUY NUGT At $29.20

Posted: 28 Sep 2011 04:00 PM PDT

The positive divergence on this 4 hour chart of Direxion Gold Miner Bull 2X (NUGT) gave me hope for another successful short term trade.

My TSI trading record has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazon Kindle Devices Unveiled

Posted: 28 Sep 2011 03:58 PM PDT

09/28/11 Amazon debuted the Kindle Fire, the online retailer’s 7-inch Android tablet device. The Kindle touch-screen e-readers were also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

International Paper Stays Neutral

Posted: 28 Sep 2011 03:35 PM PDT

We reiterate our Neutral recommendation on International Paper Co. (NYSE:IP),  which is a global paper and packaging company with operations in North America, Europe, Latin America and Asia.
International Paper released its financial results on July 28, 2011 for the second quarter of 2011. The company reported net earnings of 80 cents per share compared with 42 cents in the prior-year quarter. Net sales were $6.6 billion and operating income was $483 million versus $6.1 billion and $353 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PPG’s New OLED Agreement

Posted: 28 Sep 2011 03:35 PM PDT

PPG Industries Inc. (NYSE:PPG) announced a new agreement with Universal Display Corp. of Ewing, NJ, to supply organic light-emitting diode (OLED) materials and provide services in response to the growing market place.
As per the new agreement, PPG will remain the exclusive manufacturer of Universal Display's proprietary phosphorescent OLED materials, which are sold to the rapidly-growing OLED display and lighting industries.
The new agreement, which expires on December 31, 2014, will replace … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 28 Sep 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.

NZD/USD was trading at 0.7744, down 0.31% at time of writing.

The pair was likely to find support at 0.7638, Monday's low, and resistance at 0.7958, Tuesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.04% to hit 1.2587 and EUR/NZD rising 0.25% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Q2 GDP, Weekly Jobless Claims, Pending Home Sales; Troika Returns To Athens, Germany Votes On EFSF

Posted: 28 Sep 2011 03:20 PM PDT

09/28/11 The final Q2 reading of US GDP will be released on Thursday. Germany will vote for changes to the EFSF … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Noble Reallocates Drilling Rigs

Posted: 28 Sep 2011 03:10 PM PDT

Noble Corporation (NYSE:NE) announced changes in its drilling program for three deepwater rigs — Ensco 5006, Transocean Sedco Express and Homer Ferrington. The company has all three rigs under contract in the offshore Eastern Mediterranean.
Ensco 5006, previously known as Pride North America and owned by Ensco Plc (NYSE:ESV), is employed in Leviathan 3. The rig has yet to generate revenue for the ongoing third quarter with multiple subsea equipment issues troubling it for weeks. Noble will now shift … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zaffera: Feather In Cognizant’s Cap

Posted: 28 Sep 2011 03:05 PM PDT

Cognizant (NASDAQ:CTSH) recently announced that the company acquired substantially all of the assets of Princeton, N.J.-based Zaffera, LLC, a strategic SAP retail consulting and software development firm.
The financial terms of the deal were not disclosed. Employing more than 100 professionals, Zaffera enables the world’s top retail brands to navigate the rapid changes in the retail sector driven by new technology and demographic shifts.
Zaffera has developed a portfolio of SAP retail solutions and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi Trends Plans To Cut Jobs

Posted: 28 Sep 2011 03:05 PM PDT

Citi Trends Inc. (NASDAQ:CTRN), in its streak to optimize its financial performance, recently announced string of measures to boost its growth prospects by dipping investment in sections of the company that no longer contributes significantly to its growth.
As the quarterly loss per share in second-quarter 2011 widens 17 folds to 69 cents compared with the prior-period loss of 4 cents, the company has decided to slash 40 jobs at its stores, distribution centers and corporate office.
Citi Trends … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Martin Buys QTC Holdings

Posted: 28 Sep 2011 03:05 PM PDT

Defense contractor Lockheed Martin Corporation (NYSE:LMT) has completed its acquisition of QTC Holdings Inc. The acquisition was originally announced on August 22, 2011. Terms of the transaction however were not disclosed.
QTC Holdings, headquartered in Diamond Bar, California, is the largest provider of outsourced medical evaluation services to the U.S. government and the U.S. Department of Veterans Affairs, processing more than 450,000 evaluations in fiscal 2010.
Lockheed Martin's acquisition … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Dynamics To Build DDG 115

Posted: 28 Sep 2011 03:05 PM PDT

General Dynamics Bath Iron Works, a subsidiary of General Dynamics Corporation (NYSE:GD), has received a $680 million contract from the U.S. Navy for the construction of DDG 115. DDG 115 is the third ship of the Navy’s DDG 51-class (USS Arleigh Burke) guided-missile destroyer construction continuation program. The company expects to deliver DDG 115 in 2016.
The contract also includes a $665.0 million option for the company to build DDG 116. The contract to build DDG 114 was awarded to Huntington … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

From A Triple-digit Gain To A Triple-digit Loss, The Dow Drops 179 Points On EU Uncertainty

Posted: 28 Sep 2011 10:00 AM PDT

09/28/11 NYFP’s Closing Bell Market Monitor: In a volatile trading session, the Dow Jones dropped more than 179 points at market close on growing skepticism over Europe’s debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Classic Down Day

Posted: 28 Sep 2011 02:37 PM PDT

Cusick’s Corner
This was a classic down day, Tech (XLK), Energy (XLE), & Industrials (XLI) were the worst performers but there was some opportunity in this pullback to pick up some Finance (XLF) exposure. The downside has the momentum at this stage and I am still looking at the metals as a potential candidate to position bearishly on bounces. Claims data comes out tomorrow pre market, could potentially see additional stress to sectors that lagged today due to greater concerns that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA & Klei Unveil Shank 2

Posted: 28 Sep 2011 02:35 PM PDT

Electronic Arts Inc. (NASDAQ:ERTS), or EA, and Klei Entertainment unveiled their latest offering, Shank 2, which will be available from early 2012. It is the sequel to last year's Annie Award nominated downloadable action title, Shank.
Shank 2, in line with its predecessor, has an action-packed storyline where the protagonist, Shank, a former mob hitman, returns to protect the endangered lives of the persons close to him. The  features and game controls of the new version is akin to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ashford Obtains New Credit Facility

Posted: 28 Sep 2011 02:35 PM PDT

Ashford Hospitality Trust Inc. (NYSE:AHT), a lodging real estate investment trust (REIT) in the U.S., has recently obtained a new senior credit facility to replace its existing credit line that was scheduled to mature in April 2012. The investment banking division of KeyCorp (NYSE:KEY) acted as the lead arranger for the transaction.
The new three-year revolving credit facility worth $105 million bears an interest at 275 to 350 basis points over LIBOR, which is identical to that of the erstwhile line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: Canadian Home Prices Vs. U.S.A.

Posted: 28 Sep 2011 02:11 PM PDT

“Canadian home prices in July were up 1.3% from the previous month, according to the Teranet-NationalBank National Composite House Price Index. This rise took the index to a new high of 215 (January 2000 = 100, see chart above0).  It was the fourth consecutive monthly increase exceeding 1%, and the eighth consecutive monthly increase after three straight monthly declines.”

MP: On an annual basis, Canadian home prices increased by 5.26% compared to July last year, the highest annual gain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equity One To Shed Assets

Posted: 28 Sep 2011 02:05 PM PDT

Equity One Inc. (NYSE:EQY) recently announced that it has entered into an agreement with Blackstone Real Estate Partners VII to sell 36 shopping centers for $473.1 million. The transaction is expected to close by the fourth quarter of 2011.
The proceeds from the disposition of theses assets will be used to retire debt and fund its redevelopment pipeline, as well as for future acquisitions and other corporate purposes.
The 36 shopping centers are primarily located in Atlanta, Tampa and Orlando … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota To Launch Best Fuel Eco Car

Posted: 28 Sep 2011 02:05 PM PDT

Toyota Motor Corp. (NYSE:TM) plans to roll out a compact hybrid car called Aqua in January next year. The Nikkei Business Daily claimed that the gasoline-electric car will have the best fuel economy in its class, delivering a mileage under 40 km/liter or 94 miles per gallon.
Aqua will use the same powertrain as the Prius sedan, which delivers 32 km/liter. It will be priced at about ¥1.7 million ($22,000) in Japan, which is ¥300 thousand less than the Prius.
Recently, Toyota signed a memorandum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 28 Sep 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.

EUR/USD was trading at 1.3542, down 0.32% at time of writing.

The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

Analysts had expected Core … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Leading The Way?

Posted: 28 Sep 2011 01:44 PM PDT

It’s been said (many times) that correlation is not causation, but I wonder if the recent rout in industrial metals — copper futures, for example, fell more than five percent today — is telling us something about share prices?

Just a little food for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman To Reduce Cost By Layoffs

Posted: 28 Sep 2011 01:40 PM PDT

According to The New York Times,The Goldman Sachs Group Inc. (NYSE:GS) is moving ahead with its cost cutting plan. The bank is expected to cut its expenses by $1.45 billion by the end of 2011. The cost containment measures would include significant layoffs and the amount expected exceeds $1.2 billion of costs cutting announced by the company in July.
Since June, Goldman has started cost containment measures through layoffs. During the same period, Goldman announced to lay off 230 workers in New … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 28 Sep 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders.

USD/JPY was trading at 76.52, down 0.39% at time of writing.

The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regis Remains At Neutral

Posted: 28 Sep 2011 01:35 PM PDT

We are maintaining our long-term Neutral recommendation on Regis Corporation (NYSE:RGS), the largest hair salon chain in the world.
Regis’ fourth quarter 2011 earnings were ahead of the Zacks Consensus Estimate. The company is undertaking a host of initiatives to drive traffic and enhance same-store sales growth.
To attract new customers and retain existing ones, Regis is replacing its earlier POS software with a new point of sale (POS) technology across all of its company-owned salons over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca-Cola Eyes Russia For Growth

Posted: 28 Sep 2011 01:35 PM PDT

The Coca-Cola Company (NYSE:KO) along with its bottling partner Coca-Cola Hellenic Bottling Company (NYSE:CCH) has planned to invest more than $3 billion over the next five years to further fuel growth in Russia.
This investment of Coca-Cola is a part of the official opening of a new bottling plant in Europe, located in the Rostov region of Russia, which is scheduled to kick off in 2012.
Besides offering job opportunities to 422 employees, Coca-Cola expects that the funds would help build new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint Push-to-Talk Coming Soon

Posted: 28 Sep 2011 01:35 PM PDT

The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) will unveil a next-generation 4G "push-to-talk" service this weekend.
Sprint will replace the iDEN network on CDMA-based phones with the latest version of Nextel’s push-to-talk feature from Qualcomm Inc. (NASDAQ:QCOM). Sprint is consolidating multiple incompatible networks (CDMA, iDEN and LTE) into one platform supporting multiple technologies (3G and 4G) and spectrum bands (800 MHz, 1.9 GHz, 1.6 GHz and 2.5 GHz). Sprint will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 28 Sep 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.

EUR/USD was trading at 1.3562, down 0.18% at time of writing.

The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

Analysts had expected Core … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products To Showcase PolarFit

Posted: 28 Sep 2011 01:05 PM PDT

Air Products & Chemicals Inc. (NYSE:APD) will display its PolarFit industrial gas-based technologies and process improvement solutions at this year’s Rubber Expo in Cleveland, Ohio, from October 11-13.
Air Products is a recognized leader in cryogenic technology. Cryogenic air separation is a preferred technology for producing very high purity oxygen and nitrogen. It is the most cost effective technology for high production rate plants. All plants producing liquefied industrial gas products … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novartis Presents Afinitor Data

Posted: 28 Sep 2011 01:05 PM PDT

Novartis (NYSE:NVS) announced presentation of data from a pivotal late stage study (BOLERO-2) which evaluated the use of Afinitor in combination with Pfizer's (NYSE:PFE) Aromasin. The study evaluated postmenopausal women with metastatic breast cancer whose disease has progressed, despite treatment with hormonal therapies, Novartis' Femara or AstraZeneca's (NYSE:AZN) Arimidex.
The data showed that Afinitor plus Aromasin expanded progression-free survival (PFS), or time without tumor growth, by more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CMA To Redeem $31.25M TRUPs

Posted: 28 Sep 2011 01:05 PM PDT

On Monday, Comerica Incorporated (NYSE:CMA) announced that it would fully redeem about $31.25 million in trust preferred securities (TRUPs). These include redemption of 8.30% TRUPs issued by Sterling Bancshares Capital Trust III (SBIBN) at par coupled with accrued and unpaid distributions till the redemption date.
These callable securities will be redeemed on October 27, 2011. CMA will use the current cash available for redemption.
Earlier this month, Wells Fargo & Co. (NYSE:WFC) announced that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Luminex Hosting Planet XMAP

Posted: 28 Sep 2011 01:05 PM PDT

Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, will host its annual European multiplexing technology symposium in Vienna, Austria, on September 28-29. The event, called "Planet xMAP Europe 2011," will feature scientific sessions, workshops, discussion groups and exhibitions, among others.
Scientists and researchers across the planet who have been conducting clinical diagnostics and life science research using the company's popular Luminex xMAP multiplexing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ETF Interview – The ISE Solid State Drive Index

Posted: 28 Sep 2011 01:00 PM PDT

ISE’s Mark Abssy discusses the Solid State Drive Index (BYT) and weighs in on the launch of the UBS ETNs: SSDD and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The U.S. Session

Posted: 28 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.

GBP/USD was trading at 1.5567, down 0.46% at time of writing.

The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests And Moves Below The Days Lows. 100 Hour MA Eyed Next

Posted: 28 Sep 2011 12:49 PM PDT

The corrective move in the EURUSD stayed comfortably below the 200 hour MA at the 1.3591 (reached a high of 1.3583 in the last hour -see green line in the chart below)). This level represented the 38.2% of the last afternoon leg to the downside (see 5 minute chart above) and was just far enough to keep the bears/sellers in control of the market.  When a sharp move down finds sellers at the 38.2% retracement, it often is a sign that the market is accepting of the trend move. 
The pair … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Public Is Outperform

Posted: 28 Sep 2011 12:35 PM PDT

American Public Education (NASDAQ:APEI) has carved a unique niche for itself in the online post secondary education industry by focusing on recruits serving the U.S. military as well as and public service personnel. Moreover, the company's part-time programs are well suited to irregular and extended work schedules of these personnel who travel and relocate frequently and have limited financial resources. This provides a significant upside potential for the company.
However, the company is now … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BICK, GASX

Posted: 28 Sep 2011 07:00 AM PDT

Weekly update on the First Trust ISE BICK Index Fund and Direxion Daily Natural Gas Related Bear 2x … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rise Continues On Cautious Optimism Concerning Greece

Posted: 28 Sep 2011 10:17 AM PDT

09/28/11 The euro currency maintained its strength this afternoon against the greenback on news out of the EU which included a troika austerity inspection in Greece … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Fall In Early Trade; Nikkei Sheds 0.8%

Posted: 28 Sep 2011 08:01 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – Asian stocks fell in Thursday trade, mirroring declines on Wall Street on concerns over ongoing struggles to rein in European debt.
During early Asian trade, Japan's Nikkei Index retreated 0.8%, while Australia's S&P/ASX 200 dropped 1.39% to 3,979.40.
The Topix Index of all shares listed on the first section of the Tokyo Stock Exchange, gave up 0.66% to trade at 748.92.
The Hong Kong Exchange on Thursday said it would be delaying the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Falls In Early Asian Trade

Posted: 28 Sep 2011 07:32 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Thursday, on a general fall in global equities as well an unexpected rise in U.S. crude stockpiles.
On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD79.92 a barrel during early Asian trade, dropping 1.08%, after hitting a daily high of USD80.83.
The U.S. Energy Information Administration Agency in its weekly report earlier Wednesday, showed that crude oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Slips In Early Asian Trade

Posted: 28 Sep 2011 07:03 AM PDT

By ForexMansion.com
Forexpros – Forexpros – The Australian dollar moved lower against the U.S. dollar Thursday, as European and U.S. stock markets declined providing buying incentive for the safe-haven greenback.AUD/USD hit 0.9722 in early Asian trade, the pair's highest Thursday; the pair subsequently consolidated at 0.9724, falling 0.59%.The pair was likely to find support at 0.9692, Thursday's low, and resistance at 1.0078, last Thursday's high.Earlier Wednesday, the U.S. Census … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Down On Economic Data

Posted: 28 Sep 2011 06:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on Retail Sales.
USD/JPY was trading at 76.52, down 0.12% at time of writing.
The pair was likely to find support at 76.23, Monday's low, and resistance at 76.93, Tuesday's high.
Earlier in the day, official data showed that Japanese retail sales fell more-than-expected to a seasonally adjusted annual rate of -2.6% last month from 0.6% in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Decline In Early Asian Trade

Posted: 28 Sep 2011 06:32 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – Gold futures moved moved lower in Asian trade Thursday, on concerns over Greek's debt crisis and a downward trend in global equities. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,610.15 a troy ounce during early Asian trade, down 0.22%, after hitting a low of USDS1,605.95.
In Europe, Finance officials from the European Union, the European Central Bank and the International Monetary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 28 Sep 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
After Tuesday's sell-off indicated the potential of a sharply lower trade, the FTSE 100 came roaring back to take out the previous day's high with a rally to 5304.46. The lack of follow-through to the upside following this attempted breakout, proved that bullish traders were still afraid to buy strength and that bearish traders were still in charge of the market.

The failed breakout to the upside helped form a double-top on the 30-minute chart. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Retreats In Early Asian Trade

Posted: 28 Sep 2011 06:02 AM PDT

By ForexMansion.com
Forexpros – Forexpros – The euro moved lower against the U.S. dollar in Asian trade Thursday, as European auditors made their way to Greece to monitor austerity measures enacted to ensure its next installment of rescue aid. EUR/USD hit 1.3478 in early Asian trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.3525, falling 0.12%. The pair was likely to find support at 1.3386, the low of last Friday, and resistance at 1.3798, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: France 40 (F40)

Posted: 28 Sep 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
A late session sell-off in the France 40 (F40) index CFD ignited a break down through the support line of a triangle chart pattern on the 30-minute chart. This size of the last candlestick on this completed pattern has put the market well on its way to the Autochartist forecast zone at 2916.13 to 2868.01.

The overall quality of this chart pattern is 7-bars. The initial trend which was down at the onset of the formation is rated a low 2-bars. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Retail Sales Fall More-than-expected

Posted: 28 Sep 2011 06:02 AM PDT

By ForexMansion.com
Forexpros – Japanese retail sales fell more-than-expected last month, official data showed on Wednesday.
In a report, the Ministry of Economy Trade and Industry said that retail sales fell to a seasonally adjusted annual rate of -2.6%, from 0.6% in the preceding month whose figure was revised down from 0.7%.
Analysts had expected retail sales to fall at annual rate of -0.8% last month.
Forexpros

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EUR/USD Down During The Asian Session

Posted: 28 Sep 2011 05:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.
EUR/USD was trading at 1.3540, down 0.02% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.
Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8692 and EUR/JPY falling 0.12% to hit 103.64.
Forexpros

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The Finance Mansion Network operates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Down In Asian Trade

Posted: 28 Sep 2011 05:02 AM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.
NZD/USD was trading at 0.7744, down 0.31% at time of writing.
The pair was likely to find support at 0.7638, Monday's low, and resistance at 0.7958, Tuesday's high.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.04% to hit 1.2587 and EUR/NZD rising 0.25% to hit 1.7477.
Forexpros

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The Trend Trader For ETF Trading On Thursday, September 29, 2011

Posted: 28 Sep 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, September 29, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
109.74
− 0.08
109.84
110.44

Bearish

BND – Vanguard Total Bond Market ETF
83.44
− 0.22
83.65
84.14

Bearish

DBC – DB Commodity Index Tracking Fd
26.36
− 2.69
26.75
27.25

Bearish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, September 29, 2011

Posted: 28 Sep 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, September 29, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9779
− 1.33
0.9830
0.9922

Bearish

EURUSD – Euro / US Dollar
1.3543
− 0.32
1.3549
1.3559

Bearish

GBPUSD – British Pound / US Dollar
1.5574
− 0.37
1.5582
1.5508

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0332
+ 1.37
1.0262
1.0148

Bullish

USDCHF – US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, September 29, 2011

Posted: 28 Sep 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, September 29, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.97
− 4.87
10.34
10.59

Bearish

AXP – American Express Company
46.47
− 1.30
47.16
47.46

Bearish

BA – Boeing Co
61.92
− 1.37
62.39
60.56

Neutral

BAC – Bank of America Corporation
6.16
− 4.94
6.46
6.46

Bearish

CAT – Caterpillar Inc
75.08
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, September 29, 2011

Posted: 28 Sep 2011 04:34 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, September 29, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1148.75
− 1.77
1159.44
1150.33

Bearish

Dow Jones – Dec YMZ1
10977
− 1.29
11026
10896

Neutral

Nasdaq – Dec NQZ1
2218.50
− 1.57
2233.28
2226.33

Bearish

Russell – Dec TFZ1
651.60
− 3.71
664.86
662.27

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
140-30
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: US Treasury Bonds

Posted: 28 Sep 2011 03:33 AM PDT

By ForexMansion.com
By Jonah S. Ford
US Treasury Bond futures triggered a technical breakout at the close of Wednesday's trading session. Weakness in the stock market sent the bonds higher in the afternoon to initiate the breakout, which carried a low momentum reading but arises from a well developed Falling Wedge chart pattern.
 
The Falling Wedge chart pattern is best seen on the hourly time frame, with the breach of resistance at the 140.50 price level setting up the forecast for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down At The End Of U.S. Session

Posted: 28 Sep 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
EUR/USD was trading at 1.3542, down 0.32% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.
Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Down Toward The End Of U.S. Session

Posted: 28 Sep 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders.
USD/JPY was trading at 76.52, down 0.39% at time of writing.
The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down Toward The End Of U.S. Session

Posted: 28 Sep 2011 02:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
EUR/USD was trading at 1.3562, down 0.18% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.
Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Down During The U.S. Session

Posted: 28 Sep 2011 02:02 AM PDT

By ForexMansion.com
Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
GBP/USD was trading at 1.5567, down 0.46% at time of writing.
The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Up In U.S. Trade

Posted: 28 Sep 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
USD/CAD was trading at 1.0289, up 0.94% at time of writing.
The pair was likely to find support at 1.0144, Tuesday's low, and resistance at 1.0386, Monday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CHF Up In U.S. Trading Hours

Posted: 28 Sep 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on Core Durable Goods Orders.
USD/CHF was trading at 0.8988, up 0.33% at time of writing.
The pair was likely to find support at 0.8926, today's low, and resistance at 0.9144, Monday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China–The Great Stabilizer

Posted: 27 Sep 2011 10:00 PM PDT

For the past ten years, whenever global base metals demand dissipated, China's voracious appetite stepped in to gobble up the leftovers. Since 2001, China has increased the country's share of total global demand for base metals from about 15 percent to over 40 percent in 2011, as shown in the yellow line. This has made China more important to commodities than ever before, according to Macquarie.

Macquarie says China has been a "great stabilizer" for commodities: "As growth elsewhere … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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