Thursday, September 22, 2011

DailyMarkets.com - Gold Futures Advance In Early Asian Trade

DailyMarkets.com - Gold Futures Advance In Early Asian Trade

Gold Futures Advance In Early Asian Trade

Posted: 22 Sep 2011 05:16 PM PDT

Forexpros –
Forexpros – Gold futures moved higher in Asian trade Friday, bouncing back from a four-day low after the Federal Reserve painted a bleak picture of the U.S. economy.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,742.35 a troy ounce during early Asian trade, up 0.17%, after hitting a low of USDS1,735.25.
On Thursday, the U.S. Federal Reserve said that it foresaw "significant downside risks" in the U.S. economy at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Pares Losses In Early Asian Trade

Posted: 22 Sep 2011 04:44 PM PDT

Forexpros –
Forexpros – The euro edged up against the U.S. dollar in Asian trade Friday, bouncing back from an eight month low, as global equities tumbled on fears of worsening European debt and the threat of a U.S. recession.
EUR/USD hit 1.3478 in early Asian trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.3480, rising 0.13%.
The pair was likely to find support at 1.3377, the low of January 19, and resistance at 1.3720, Monday's high.
Earlier Thursday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buy/Sell EDC – $13.15/$13.55

Posted: 22 Sep 2011 04:12 PM PDT

This afternoon I decided to try my hand at a brief day trade and see if I could work on getting my chip shots to land on the green, as in days of old.

This 15 minute chart of Direxion Emerging Market Bull 3X (EDC) seemed to have some of the True Strength Index (TSI) indicator ingredients in place for a favorable short term trade. Namely, a positive divergence and a trend line break BUY signal. My purchase was at $13.15 and a short while ago I sold the position for $13.55 in the after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 22 Sep 2011 04:10 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3480, up 0.13% at time of writing.

The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8774 and EUR/JPY rising 0.21% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yahoo News Service Teams Up With Facebook

Posted: 22 Sep 2011 03:58 PM PDT

09/22/11 Yahoo news will be integrated into Facebook. Users of the largest social networking site can share articles with friends and display what they have read. Yahoo news service teams up with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ITW’s August-End Revenue Updates

Posted: 22 Sep 2011 03:35 PM PDT

Illinois Tool Works Inc. (NYSE:ITW) reported a 16% year-over-year rise in its operating revenues for the three months ended August 31, 2011. The increase records a 6% growth, which can be ascribed to a hike in base revenue and 4% to acquisitions.
Currency translation had a positive 6.0% impact on the revenue. End markets were strong with a solid demand for the company's products.
Transportation revenue grew by 24% year over year, while revenue from Industrial Packaging rose by about 17%. Power … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 22 Sep 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.7831, up 0.35% at time of writing.

The pair was likely to find support at 0.7754, today's low, and resistance at 0.8288, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.09% to hit 1.2472 and EUR/NZD falling 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IMF And World Bank Meeting, Earnings – KB Home, China’s Flash Business Sentiment Survey

Posted: 22 Sep 2011 03:20 PM PDT

09/23/11 The US calendar is quiet on Friday. After Thursday’s global equity market selloff. technical levels will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Watch List For Friday, September 23

Posted: 22 Sep 2011 03:18 PM PDT

( click to enlarge )

I’m still holding Yahoo! Inc. (NASDAQ:YHOO). I have seen real strong signs of accumulation for the past two weeks and I’m hoping to see another leg up.

( click to enlarge )

Red Hat, Inc.(NYSE:RHT) is attempting to regain its 200-day moving average which has served as critical resistance and is likely to continue to do so. The near-term outlook will depend on the price movement in the next few days. A close above $43.13 will impart bullishness and will help the stock move to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alcoa Reorganizes Midstream Segment

Posted: 22 Sep 2011 03:05 PM PDT

Aluminum producer Alcoa Inc. (NYSE:AA) announced its plans to accelerate growth in its midstream Global Rolled Products businesses by shifting away from a regional, asset-based structure to a market-based structure, effective immediately. The company will focus on five key global markets, with particular emphasis on emerging economies.
The five global markets include Aerospace, Ground Transportation, Packaging, Consumer Electronics and Defense. Leaders of these five global markets will report to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lifeline For Orexigen’s Contrave

Posted: 22 Sep 2011 03:05 PM PDT

Orexigen Therapeutics, Inc.’s (NASDAQ:OREX) shares climbed significantly following a meeting with the US Food and Drug Administration’s (FDA) office of new drugs (OND) regarding the development path for its obesity candidate Contrave. Following the OND's decision, Orexigen decided to resume the development of Contrave.
Orexigen is looking to gain approval for Contrave for the treatment of obesity, including weight loss and maintenance of weight loss. The company has a collaboration agreement with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Avis Issues Senior Notes

Posted: 22 Sep 2011 03:05 PM PDT

Avis Budget Group, Inc.'s (CAR) wholly owned subsidiary, AE Escrow Corporation, in an attempt to finance the purchase of Avis Europe along with meeting its  fees and expenses, has recently issued $250.0 million 9.75% notes due 2020. The sale is expected to be completed by October 3, 2011. The proceeds of the sale will be placed in escrow and will be converted into senior unsecured obligations of Avis Budget Car Rental, LLC as soon as they are released.
Recently, Avis Budget announced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Dayrates For Transocean Rigs

Posted: 22 Sep 2011 03:05 PM PDT

Offshore drilling giant Transocean Ltd. (NYSE:RIG) recently issued a monthly 'Fleet Update Summary' covering the company's drilling rig status and contract information. As per the report, Transocean secured additional work for four of its mid-water rigs, with three of them getting higher rates.
The company currently has 28 mid-water floaters – capable of drilling in water depths of approximately 300 feet to 4,500 feet – that makes up around 20% of Transocean’s revenue.  
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walter Energy: 2nd Half 2011 View

Posted: 22 Sep 2011 03:05 PM PDT

The producer and exporter of premium coal  Walter Energy Inc. (NYSE:WLT) provided insight relating to its financial performance for the second half of the year. The company expects third quarter earnings per share to be in the band of $1.00 to $1.16, while fourth quarter earnings are expected to range between $2.63 and $2.95 per share.
The Zacks Consensus Estimates for third-quarter 2011, fiscal year 2011 and fiscal year 2012 are currently $1.08 per share, $10.38 per share and $11.68 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

142 Women Enrolled In Grad School Per 100 Men, And Women Outnumber Men In 7 Out Of 11 Fields

Posted: 22 Sep 2011 02:58 PM PDT

The Council of Graduate Schools (CGS) released its annual report today, here are links to the press release and full report.  

For the second year in a row, women earned a majority of all doctoral degrees in 2010 (51.9%), an increase from the 50.4% female share in 2009, which was the first time in history that women outnumbered men earning doctoral degrees (see top chart above).  By field of study, women earning doctoral degrees outnumbered men in seven of the eleven graduate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bears At Work

Posted: 22 Sep 2011 02:37 PM PDT

Cusick’s Corner
Some traders looked at today’s volatility as an opportunity, not the end of the world like the media had expressed. Trading today meant that your size should be smaller, your stops probably wider because your size was smaller and maybe traded in names that have been counter trending today, i.e. NFLX (full disclosure — I have a bull put spread on in here) and YHOO. We did finish off of the lows and above the 1120 level but there is still a ton of volatility and uncertainty in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TOTAL Grows Kenyan Footprint

Posted: 22 Sep 2011 02:31 PM PDT

France-based TOTAL S.A. (NYSE:TOT), through its subsidiary TOTAL E&P Kenya B.V., is eyeing at acquiring a 40% interest in five offshore exploration blocks in the Lamu Basin, Kenya. Spread across an area of over 11,776 square miles, the exploration blocks are located offshore the Lamu Archipelago in water depths of between 328 and 9,842 feet. The deal is subject to approval from the Kenyan authorities.
Per the deal, TOTAL's Kenyan unit will gain stakes in the L5, L7, L11a, L11b and L12 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marine Contract For Lockheed Martin

Posted: 22 Sep 2011 02:31 PM PDT

Lockheed Martin Corporation (NYSE:LMT) received a $49.9 million follow-on production contract from the Naval Surface Warfare Center for the Target Sight System ("TSS"). TSS is the fire control system for the U.S. Marine Corps’ AH-1Z Cobra attack helicopter developed by Textron Inc. (NYSE:TXT). 
The Naval Surface Warfare Center awarded the initial TSS production contract in March 2008, followed by a second production contract in June 2010.  Lockheed Martin delivered the first TSS in June … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Celanese Raises VAE Prices

Posted: 22 Sep 2011 02:31 PM PDT

Effective October 15, 2011, Celanese Corp. (NYSE:CE), a specialty material company, will increase the price of all vinyl acetate/ethylene (VAE) emulsions sold in the Americas by $0.03 per wet pound.
The emulsions are used in adhesives, paint and coatings, carpet, paper, building and construction, nonwovens, glass fiber and textiles.
Last month, Celanese reported adjusted earnings of $1.66 per share in the second quarter of 2011, beating the Zacks Consensus Estimate of $1.41. Diluted earnings per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rating Action On MRH’s MUSIC

Posted: 22 Sep 2011 02:31 PM PDT

Following the announcement of Montpelier Re U.S. Holdings Ltd., a wholly-owned subsidiary of  Montpelier Re Holdings Ltd. (NYSE:MRH), to divest Montpelier US Insurance Company (MUSIC), A.M. Best Co. has put the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of "a-" of MUSIC under review with positive implications.
Earlier, in May, the credit rating agency had revised the outlook to positive from stable.
Recently Montpelier agreed to sell MUSIC, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fiserv’s Frontier In Demand

Posted: 22 Sep 2011 02:31 PM PDT

Fiserv, Inc. (NASDAQ:FISV) recently announced that American Stock Transfer & Trust Company, LLC (AST) has implemented its Frontier enterprise reconciliation solution. The Frontier solution from Fiserv will enable AST to manage its reconciliation and exception management process in North America. In addition, Frontier will assist AST with efficient risk management and compliance controls relating to regulatory requirements, further reducing exposure to risk, which is critical to AST's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed Approves EQT Sunrise

Posted: 22 Sep 2011 02:02 PM PDT

Equitrans L.P, a subsidiary of Pittsburgh-based EQT Corporation (NYSE:EQT), has received the consent of the Federal Energy Regulatory Commission (FERC) to construct a new natural gas pipeline in Pennsylvania and  West Virginia.
Construction of the new project, known as Sunrise, includes the setting up of an approximately 41.5 miles, 24-inch-diameter pipeline and 2.7 mile, 16-inch-diameter pipeline. The pipelines will run through Wetzel County, West Virginiato Greene County, Pennsylvania … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medtronic Wins Patent Suit

Posted: 22 Sep 2011 02:02 PM PDT

Recently, the District Court of the Southern District of California in San Diego ruled in favor of Medtronic (NYSE:MDT) in a patent suit. The court found that some products of NuVasive (NASDAQ:NUVA) – CoRoent XL implants, MaXcess II and III retractors, and Helix and Helix mini anterior cervical plates infringe three patents of Medtronic. As a result, Medtronic was awarded $101.2 million as compensation for damages.
Medtronic's three patents in question are related to thoracic and lumbar spine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starwood Undergoes Brand Conversion

Posted: 22 Sep 2011 02:02 PM PDT

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently announced the brand conversion of an existing Clarion property at San Francisco Airport to Aloft. The property will undergo a major makeover before being unveiled as an Aloft in summer 2012. The 253-room hotel is owned by Starwood.
The property enjoys a prime location, adjacent to San Francisco International Airport, which is one of the world's busiest travel hubs. This makes it strategically fit for conversion.
Starwood has set a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exxon To Offload North Sea Assets

Posted: 22 Sep 2011 02:02 PM PDT

U.S. oil giant, ExxonMobil Corporation (NYSE:XOM) plans to shed its Mobil North Sea LLC assets to Apache Corp. (NYSE:APA) in an attempt to restructure its portfolio. The $1.75 billion transaction is subject to regulatory approvals and expected to close by the year end.
The divestiture will include ExxonMobil's operating interests in the Beryl, Nevis, Ness, Nevis South, Skene and Buckland fields, the Beryl/Brae gas pipeline and the SAGE gas plant, as well as non-operating interests in the Maclure, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Equities Take A Dive, Dow Drops 391 Points, & HP Names Its New CEO

Posted: 22 Sep 2011 09:00 AM PDT

09/22/11 NYFP’s Closing Bell Market Monitor: The Dow Jones dropped more than 391 points alongside a steep sell-off in global equities. Meanwhile Hewlett-Packard announced that it’s new CEO will be eBay veteran Meg … [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: 22 Sep 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3466, down 0.80% at time of writing.

The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up … [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: 22 Sep 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/JPY was trading at 76.25, down 0.29% at time of writing.

The pair was likely to find support at 76.11, today's low, and resistance at 76.98, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NY Times: Ad Revenue To Pinch More

Posted: 22 Sep 2011 01:35 PM PDT

The shares of The New York Times Company (NYSE:NYT) dropped 46 cents or 6.9% to close at $6.18 on Wednesday after the diversified media conglomerate professed about further deepening of the slump in advertising revenue, thereby raising alarms about rough weather in the economy, and its susceptibility to such conditions.
The company's advertising volume for all its print publications and online came under pressure as advertisers shied away from making any upfront commitments, in an environment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ANAC OK’s Gol’s Webjet Acquisition

Posted: 22 Sep 2011 01:35 PM PDT

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) received approval from the National Civil Aviation Agency (ANAC) to conclude its acquisition of Webjet Linhas Aéreas S.A. through its subsidiary VRG Linhas Aéreas S.A., according to the Memorandum of Understanding executed on July 8, 2011.
GOL announced that it will acquire its rival Webjet for R$96 million ($61.53 million) in early July. The acquisition was intended to recover GOL's market share in Latin America's fastest-growing economy and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ANAC OK’s Gol’s Webjet Acquisition

Posted: 22 Sep 2011 01:35 PM PDT

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) received approval from the National Civil Aviation Agency (ANAC) to conclude its acquisition of Webjet Linhas Aéreas S.A. through its subsidiary VRG Linhas Aéreas S.A., according to the Memorandum of Understanding executed on July 8, 2011.
GOL announced that it will acquire its rival Webjet for R$96 million ($61.53 million) in early July. The acquisition was intended to recover GOL's market share in Latin America's fastest-growing economy and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Realty Income Prices Share Offering

Posted: 22 Sep 2011 01:35 PM PDT

Realty Income Corp. (NYSE:O) recently announced that it has priced a public offering of 6.3 million shares at $34.00 per share. The public offering is expected to generate net proceeds of $203.6 million.
The offering was increased from 6.0 million to 6.3 million shares and is expected to be completed by September 26, 2011. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters for purchasing an additional 945,000 shares.
Realty Income expects to use the net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Treasury To Sell SunTrust Warrants

Posted: 22 Sep 2011 01:35 PM PDT

The U.S. Treasury has announced that it will auction 17.9 million stock warrants of SunTrust Banks Inc. (NYSE:STI) on Thursday. Following the sale these warrants, which the Treasury had received in exchange for $4.85 billion bail-out money, the company will be completely freed from government intervention.
SunTrust's warrants will be sold through modified Dutch auction. The auction includes 6,008,902 in "A" warrants (minimum bid price of $2.00) and 11,891,280 in "B" warrants (minimum bid … [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: 22 Sep 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3476, down 0.72% at time of writing.

The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 3.51%

Posted: 22 Sep 2011 01:15 PM PDT

Forexpros – U.S. stocks were down after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 3.51%, the S&P 500 index shed 3.19%, while the Nasdaq 100 index declined 3.26%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up from 428K.

Analysts had expected Initial Jobless Claims to fall to 420K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pfizer A Step Closer To Icagen

Posted: 22 Sep 2011 01:05 PM PDT

Pfizer Inc. (NYSE:PFE) is close to completing its acquisition of Icagen, Inc. (NASDAQ:ICGN). The company recently announced the expiration of the subsequent offering period of the cash tender for all of the outstanding shares of common stock of Icagen.
With the expiry of this period, Pfizer now holds 70.2% of the outstanding shares of Icagen.
Per the terms of the merger agreement, Pfizer will carry out a second-step merger following which Icagen will become a wholly-owned subsidiary of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Encouraging Developments. Raising Price Target

Posted: 22 Sep 2011 01:05 PM PDT

Encouraging Developments.  Raising Price Target
Brian Marckx, CFA
Q2 2011 Results
Verisante Technology Inc. (V.VRS) filed results for the second quarter ending June 30, 2011 on August 29th.  Similar to Q1, results were largely in-line with our estimates.  SG&A came in at CDN $753k versus our CDN $572k estimate, the difference almost entirely related to higher than modeled promotional expenses as a result of the company’s rebranding (including a new website) and trade show … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aeropostale Expands Oversees

Posted: 22 Sep 2011 01:05 PM PDT

Aeropostale Inc. (NYSE:ARO), a retailer of casual clothing and accompaniments for youths, goes global with its e-commerce site, Aeropostale.com. The company recently announced the launch of international shipping across 90 countries in different continents around the globe.
The move was evident as many retailers, including Gap Inc. (NYSE:GPS) and Macy's Inc. (NYSE:M), have incorporated the same strategy to tap a wider market and boost sales through online shopping. 
During the second quarter of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LEAP Unveils Another Smartphone

Posted: 22 Sep 2011 01:05 PM PDT

Leap Wireless International Inc.(NASDAQ:LEAP), a leading provider of digital wireless communication services in the U.S. primarily through its wholly-owned subsidiary Cricket Communications Inc. (popularly known as "Cricket"), is set to launch another Android-based smartphone ZTE Score.
The new ZTE Score has been developed by popular Chinese-based telecom equipment manufacturer ZTE Corporation and will be available in Best Buy Co., Inc. (NYSE:BBY) stores across the U.S from September, 25. The new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MWI Vet Set To Acquire Micro Beef

Posted: 22 Sep 2011 01:05 PM PDT

MWI Veterinary Supply Inc. (NASDAQ:MWIV), a leading distributor of animal health products for veterinarians across the US and UK, has taken a step forward to expand its veterinary product range. The company recently entered into a definitive agreement to acquire Micro Beef Technologies Ltd for $60 million, including approximately $53.4 million in cash and common stock valued at $6.6 million.MWI expects to close the transaction by the first quarter of fiscal 2012, ending December 31, 2011. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 22 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

GBP/USD was trading at 1.5356, down 0.93% at time of writing.

The pair was likely to find support at 1.5329, today's low, and resistance at 1.5756, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Moves Sharply Higher Today On “risk Off” Trade

Posted: 22 Sep 2011 12:44 PM PDT

Today, the risk off trade was in full force and the Hong Kong dollar did not escape the selling.  The price has been trending to the downside for quite some time -staying below the 100 day MA (blue line in the the process.  Today the key technical level was breached to the upside and the price continued tthe surge higher. The Price has not closed above the 100 day MA since September of 2010.  The next key target becomes the 200 day MA at the 6.4830 level. There may be interim … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mylan Settles With Roche For Xeloda

Posted: 22 Sep 2011 12:35 PM PDT

Mylan Inc. (NYSE:MYL) recently announced that it has entered into a settlement and license agreement with Roche (RHHBY) bringing an end to its ongoing litigation with the latter relating to Roche's cancer drug Xeloda. Mylan was looking to launch a generic version of the drug which is used for the treatment of metastatic breast and colorectal cancers. Xeloda generated revenue of $570 million in the trailing twelve months ending June 30, 2011, according to IMS Health.
The details of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson Pharma Generic Approved

Posted: 22 Sep 2011 12:35 PM PDT

Recently, Watson Pharmaceuticals Inc. (NYSE:WPI) found itself in the news yet again with the approval of Lovenox's generic (100mg/mL and 150mg/mL strengths). Sanofi-Aventis’ (NYSE:SNY) Lovenox is indicated for the prophylaxis and treatment of deep vein thrombosis and prophylaxis of ischemic complications in unstable angina and non-Q-wave myocardial infarction.
Watson Pharma has a distribution agreement with Amphastar Pharmaceuticals Inc., under which the latter will supply generic Lovenox to Watson … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coal Demand Worries For Railroads

Posted: 22 Sep 2011 12:35 PM PDT

Despite the impacts of inclement weather and staggering fuel prices, U.S. Railroads saw strong momentum in the first half of 2011 primarily driven by higher coal volumes. Coal shipments, which accounted for approximately 40% of the total railway shipment, led to positive market sentiments.
However, a suggested decline in coal shipments for the second half of the year by Alpha Natural Resources (NYSE:ANR) and Walter Energy (NYSE:WLT) is having a ripple effect on the rail industry.
The negative market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hologic Focuses On Cervical Cancer

Posted: 22 Sep 2011 12:35 PM PDT

Hologic (NASDAQ:HOLX), a leading player targeting the women's healthcare market, plans to focus on cervical cancer screening at a conference currently underway in Germany. The company's ThinPrep 5000 STS (Sample Transfer System) and Cervista MTA (Medium Throughput Automation) system will be featured at the conference.
Small-to-mid-sized laboratories (that run less than 12,000 HPV tests per year) will have access to the fully-automated solution for Human Papillomavirus (HPV) testing by combining … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NTT Flexing Overseas Muscles

Posted: 22 Sep 2011 12:35 PM PDT

Nippon Telegraph and Telephone Corp. (NYSE:NTT), the largest integrated telecom operator of Japan, is gradually establishing its strong foothold in the overseas markets. Recently, the company declared that its revenue from overseas operations will reach at least $131 million in 2012. Near saturation of the Japanese telecom segment has forced Nippon to explore foreign markets in order to maintain growth. Management is hopeful that by 2013, the company will offer a worldwide cloud computing network … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours

Posted: 22 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CHF was trading at 0.9086, up 0.95% at time of writing.

The pair was likely to find support at 0.8789, Monday's low, and resistance at 0.9183, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

When Will Wall Street Call For More Federal Spending?

Posted: 22 Sep 2011 12:14 PM PDT

The Dow Jones Industrial Average dropped another 3 percent today as Wall Street metabolized the truth most Americans already know: We're in a recession. The "double dip" has arrived.
Most Americans never really emerged from the Great Recession anyway. 
We can get out of this recession but not via the Fed's "quantitative easing" alone. When consumers can't spend and businesses won't spend without additional consumers, government must be the spender of last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 22 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CAD was trading at 1.0294, up 2.12% at time of writing.

The pair was likely to find support at 0.9802, Monday's low, and resistance at 1.0361, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 22 Sep 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3494, down 0.59% at time of writing.

The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Demand Concerns Fuel A Massive Sell-off In Crude Oil Prices

Posted: 22 Sep 2011 10:00 AM PDT

09/22/11 Front month crude prices took a hit this afternoon as a global equity sell-off sparked concerns over future energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US30

Posted: 22 Sep 2011 06:04 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
While in the midst of a prolonged decline from the recent top near 11569.00, the US30 broke through the support line of a descending triangle chart pattern on the 240-minute chart. This move completed the pattern and signaled the start of a possible break into the Autochartist target zone at 10373.80 to 9884.93.

The overall quality rating which represents the average of all quality indicators is 7-bars. The initial trend which was down at the onset of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 22 Sep 2011 06:04 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The hard sell-off continued in the FTSE 100 on Thursday with the index taking out the recent bottom at 5059.20. Not only did this move take out the bottom, but it also put the index on the weakside of a retracement zone at 5120.35 to 5042.62. Oversold conditions helped stabilize the market, allowing it to close back over the lower level of this retracement zone.

The size of the sell-off, oversold conditions and the small rebound at the end of the day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Pares Losses In Early Asian Trade

Posted: 22 Sep 2011 06:04 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The euro edged up against the U.S. dollar in Asian trade Friday, bouncing back from an eight month low, as global equities tumbled on fears of worsening European debt and the threat of a U.S. recession.
EUR/USD hit 1.3478 in early Asian trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.3480, rising 0.13%.
The pair was likely to find support at 1.3377, the low of January 19, and resistance at 1.3720, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up During The Asian Session

Posted: 22 Sep 2011 05:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Thursday.
EUR/USD was trading at 1.3480, up 0.13% at time of writing.
The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8774 and EUR/JPY rising 0.21% to hit 102.85.
Forexpros

About ForexMansion.com:

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

The Trend Trader For ETF Trading On Friday, September 23, 2011

Posted: 22 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, September 23, 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
110.80
+ 0.29
110.47
109.86

Bullish

BND – Vanguard Total Bond Market ETF
84.33
+ 0.24
84.11
83.57

Bullish

DBC – DB Commodity Index Tracking Fd
27.03
− 3.53
27.98
29.05

Bearish

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

The Trend Trader For Stock Trading On Friday, September 23, 2011

Posted: 22 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, September 23, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.11
− 6.73
10.85
11.76

Bearish

AXP – American Express Company
46.63
− 3.32
48.37
48.81

Bearish

BA – Boeing Co
58.72
− 3.77
61.49
63.82

Bearish

BAC – Bank of America Corporation
6.06
− 5.02
6.55
7.14

Bearish

CAT – Caterpillar Inc
73.90
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, September 23, 2011

Posted: 22 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, September 23, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9741
− 3.01
1.0068
1.0325

Bearish

EURUSD – Euro / US Dollar
1.3461
− 0.81
1.3601
1.3741

Bearish

GBPUSD – British Pound / US Dollar
1.5340
− 1.02
1.5561
1.5793

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0283
+ 2.02
1.0058
0.9859

Bullish

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

The Trend Trader For Futures Trading On Friday, September 23, 2011

Posted: 22 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, September 23, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1123.50
− 2.79
1164.72
1185.00

Bearish

Dow Jones – Dec YMZ1
10655
− 3.22
11049
11216

Bearish

Nasdaq – Dec NQZ1
2174.50
− 3.16
2250.86
2249.75

Bearish

Russell – Dec TFZ1
641.70
− 2.54
667.96
695.93

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
146-02
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Up In Asian Trade

Posted: 22 Sep 2011 05:05 AM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.
NZD/USD was trading at 0.7831, up 0.35% at time of writing.
The pair was likely to find support at 0.7754, today's low, and resistance at 0.8288, Monday's high.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.09% to hit 1.2472 and EUR/NZD falling 0.27% to hit 1.7207.
Forexpros

About ForexMansion.com:

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

Daily Commodities Update: Oats

Posted: 22 Sep 2011 03:02 AM PDT

By ForexMansion.com
By Jonah S. Ford
Oats futures followed the grains sector sharply lower in Thursday's trading, as continued bloodletting in the global equity markets dragged all commodities lower. While the more heavily traded row crop futures such as wheat and corn remain in erratic and large trading ranges, the oats futures show a very orderly technical breakout from a Triangle chart pattern.

The Triangle formed over the course of 42 240-minute bars on the longer term chart shown here, … [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: 22 Sep 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.
USD/JPY was trading at 76.25, down 0.29% at time of writing.
The pair was likely to find support at 76.11, today's low, and resistance at 76.98, Monday's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose … [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: 22 Sep 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
EUR/USD was trading at 1.3466, down 0.80% at time of writing.
The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure … [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: 22 Sep 2011 02:32 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
EUR/USD was trading at 1.3476, down 0.72% at time of writing.
The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 3.51%

Posted: 22 Sep 2011 02:32 AM PDT

By ForexMansion.com
Forexpros – U.S. stocks were down after the closing bell on Thursday.
At the close of U.S. trade, the Dow Jones Industrial Average fell 3.51%, the S&P 500 index shed 3.19%, while the Nasdaq 100 index declined 3.26%.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up from 428K.
Analysts had expected Initial Jobless Claims to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Down During The U.S. Session

Posted: 22 Sep 2011 02:03 AM PDT

By ForexMansion.com
Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
GBP/USD was trading at 1.5356, down 0.93% at time of writing.
The pair was likely to find support at 1.5329, today's low, and resistance at 1.5756, Monday's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Up In U.S. Trade

Posted: 22 Sep 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
USD/CAD was trading at 1.0294, up 2.12% at time of writing.
The pair was likely to find support at 0.9802, Monday's low, and resistance at 1.0361, today's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CHF Up In U.S. Trading Hours

Posted: 22 Sep 2011 01:32 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.
USD/CHF was trading at 0.9086, up 0.95% at time of writing.
The pair was likely to find support at 0.8789, Monday's low, and resistance at 0.9183, today's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down In U.S. Trading Hours

Posted: 22 Sep 2011 01:03 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
EUR/USD was trading at 1.3494, down 0.59% at time of writing.
The pair was likely to find support at 1.3386, today's low, and resistance at 1.3798, Wednesday's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Down In U.S. Trade

Posted: 22 Sep 2011 12:32 AM PDT

By ForexMansion.com
Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
AUD/USD was trading at 0.9735, down 3.07% at time of writing.
The pair was likely to find support at 0.9722, today's low, and resistance at 1.0317, Monday's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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