Wednesday, September 21, 2011

DailyMarkets.com - Hot Option Plays: Wait-and-See Action

DailyMarkets.com - Hot Option Plays: Wait-and-See Action

Hot Option Plays: Wait-and-See Action

Posted: 21 Sep 2011 11:32 AM PDT

Cusick’s Corner
The FOMC’s statement and action waits in the balance and the market in all asset classes has been tight and choppy. If the Fed announces a plan that is greater than the “Twist” program, you will see equities move but the Dollar, UUP, could get whacked and a weak buck is probably not the ambition of the Fed. If the Fed does not, like they did after the Jackson Hole meeting, roll out some sort of stimulus then the downside is going to be in play. Volatility either way is going to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 21 Sep 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Existing Home Sales.

AUD/USD was trading at 1.0227, down 0.50% at time of writing.

The pair was likely to find support at 1.0149, Monday's low, and resistance at 1.0398, Friday's high.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 5.03M last month from 4.67M in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Levels To Eye Through The FOMC

Posted: 21 Sep 2011 11:04 AM PDT

Dollar Firm Just Before Fed Statement

Posted: 21 Sep 2011 11:00 AM PDT

09/21/11 The US dollar remained firm this afternoon as investors await the conclusion of the Fed meeting and whether or not it will mark the launch of “Operation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Norway Central Bank Holds Rate At 2.25%

Posted: 21 Sep 2011 10:58 AM PDT

Norway’s central bank, Norges Bank, kept its key policy rate at 2.25%, and signaled no changes.  The Bank’s Deputy Governor, Jan F. Qvigstad, said: ”The prospects for the world economy have weakened considerably in the course of summer. External developments and the turbulence in financial markets are also affecting the domestic outlook. Against this background, we have chosen to leave the key policy rate unchanged at this meeting,” and further noted: “The turbulence and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 21 Sep 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Existing Home Sales.

USD/JPY was trading at 76.35, down 0.13% at time of writing.

The pair was likely to find support at 76.12, today's low, and resistance at 76.98, Monday's high.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 5.03M last month from 4.67M in the preceding month.

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

Fact-Checking Buffett: His Math Doesn’t Add Up

Posted: 21 Sep 2011 10:37 AM PDT

The Associated Press did some fact-checking on the claim made by Buffett and Obama that rich CEOs are routinely taxed at lower rates than their secretaries and here’s what they found:

“President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are. 

“Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it,” Obama said as he announced his … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Croatian National Bank Lifts RRR 100bps To 14.00%

Posted: 21 Sep 2011 10:36 AM PDT

The Croatian National Bank increased the bank reserve requirement rate by 100 basis points to 14.00% from 13.00% previously; effective from the 12th of October.  The Bank said of the move: “Through this measure the central bank intends to withdraw from the banking system about 3.1 billion kuna (2.6 billion from the kuna component and 0.5 billion from the foreign exchange component of the reserve requirement).The purpose of withdrawing excess liquidity from the system is to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Drop In Supplies Pushed Crude Oil Prices Higher

Posted: 21 Sep 2011 05:30 AM PDT

09/21/11 An unexpected large drop in supplies according to the EIA report led the way for front month crude prices to trade higher this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Market…anticipating Something Blockbuster From Fed Chairman”

Posted: 21 Sep 2011 10:27 AM PDT

09/21/11 LandColt Trading’s Todd M. Schoenberger weighs in on global fundamentals ahead of the Fed announcements, and discusses strength in the tech … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves To Session Highs. Comments From Greece Push The Pair Higher Pre FOMC

Posted: 21 Sep 2011 10:06 AM PDT

Spokesperson says measures taken today allow Greece to comply with EU/IMF bailout plan up to 2014
They will remain in the Eurozone
Greece to cut threshold on taxable income to EURO 5000 from 8000
Talks with Troika to be completed after arrival of inspectors early next week.
Greece has also agreed to speed up reforms and privatization

What I wonder is doesn't this story sound familiar.  We already heard about reform cuts and privatization. Privatization was debated at the other tranche … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 2.47%

Posted: 21 Sep 2011 10:05 AM PDT

Forexpros – European stocks were down after the closing bell on Wednesday.

At the close of European trade, Germany's DAX fell 2.47%, London's FTSE 100 shed 1.40%, France's CAC 40 declined 1.62% and the EURO STOXX 50 was down 1.96%.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 5.03M last month from 4.67M in the preceding month.

Analysts had expected existing home sales to rise to 4.75M last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Fills The Gap At 1.3753

Posted: 21 Sep 2011 09:38 AM PDT

It happened!. The EURUSD squeezed above the resistance at the 1.3720 area (100 hour MA and the 38.2% retracement and the move higher extended to fill the gap left from the Friday/Monday trade. The price reached a high price of 1.3755. The gap was filled at 1.3753.  The price has moved back lower and will look at the 1.3720 level for support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Pushes To 100 Hour MA And 38.2% Retracement And Finds Sellers

Posted: 21 Sep 2011 08:06 AM PDT

The EURUSD squeezed higher in the last 20 or so minutes of trading and the went up to test key resistance (borderline) level at the 100 hour MA and 38.2% retracement. Those levels come in at the 1.37199 to 1.3723 level.The markets are skittish and likely to remain so as the Fed decision is awaited. ON the downside for intraday traders, the support will come in now at the 1.3686-94 level where high from earlier today, and 38.2% of the move higher is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Mixed, Ahead Of FOMC Announcenment

Posted: 21 Sep 2011 08:00 AM PDT

09/21/11 The US equity averages traded mixed, ahead of the Fed announcement. The tech sector saw a boost on earnings and dividend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals As Fed Decision Eyed

Posted: 21 Sep 2011 07:56 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as persistent concerns over the euro zone financial crisis weighed and amid speculation the Federal Reserve would announce fresh measures to shore up U.S. growth later in the day.

During U.S. morning trade, the greenback was up against the euro, with EUR/USD shedding 0.23% to hit 1.3669.

Greek Prime Minister George Papandreou convened a cabinet meeting earlier Wednesday, as the government scrambles … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Turn Higher After Large U.S. Supply Drop

Posted: 21 Sep 2011 07:50 AM PDT

Forexpros – Crude oil futures turned higher on Wednesday, bouncing off the daily low after a government report showed U.S. crude supplies fell significantly more-than-expected last week.

On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD87.44 a barrel during U.S. morning trade, climbing 0.59%.

It earlier fell as much as 1.1% to trade at a daily low of USD85.81 a barrel.

The contract traded at USD86.55 prior to the release of the Energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Express Tops Credit Card Customer Satisfaction For 5th Year In A Row

Posted: 21 Sep 2011 07:35 AM PDT

According to the fifth annual nationwide study by J.D. Power and Associates, American Express (NYSE:AXP) has the highest ranking in credit card customer satisfaction for the fifth year in a row, making it the leader among credit card issuers in terms of customer satisfaction in all previous nationwide studies by JD. More than 8,700 cardholders were polled on how satisfied they were with the terms, benefits and services, billing and payment processes, rewards and problem resolution of their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Pound Tumbles Against Dollar After BoE Minutes

Posted: 21 Sep 2011 07:35 AM PDT

Forexpros – The pound tumbled against the U.S. dollar on Wednesday, falling to a fresh eight-month low after the minutes of the Bank of England's September policy meeting showed that policymakers believe more easing is becoming necessary.

GBP/USD hit 1.5592 during U.S. morning trade, the pair's lowest since January 12; the pair subsequently consolidated at 1.5594, tumbling 0.89%.

Cable was likely to find support at 1.5448, the low of January 6 and resistance at 1.5746, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Fall To 6-month Low On U.S. Demand Outlook

Posted: 21 Sep 2011 07:34 AM PDT

Forexpros – Natural gas futures were down for a second day on Wednesday, falling to a six-month low as mild autumn weather continued to pressure prices lower.

On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.758 per million British thermal units during U.S. morning trade, tumbling 1.05%.

It earlier fell as much as 1.29% to trade at USD3.736 per million British thermal units, the lowest price since March 7.

The Commodity Weather Group said in a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Remains Lower As Fed Meeting In Spotlight

Posted: 21 Sep 2011 07:18 AM PDT

Forexpros – The euro remained slightly weaker against the U.S. dollar on Wednesday, as investors awaited the outcome of the Federal Reserve policy setting meeting to see if the central bank would announce fresh measures to boost U.S. growth.

EUR/USD hit 1.3629 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.3670, shedding 0.21%.

The pair was likely to find support at 1.3592, Monday's low and resistance at 1.3782, the high of September 14.

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

Gold Futures Erase Gains Ahead Of Fed FOMC Decision

Posted: 21 Sep 2011 07:10 AM PDT

Forexpros – Gold futures erased gains on Wednesday, pulling back from a two-day high as investors positioned themselves ahead of the outcome of the Federal Reserve's monetary policy meeting later in the day, while a stronger U.S. dollar also weighed.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,792.45 a troy ounce during U.S. morning trade, dropping 0.8%.

It earlier rose as much as 0.7% to trade at USD1,816.85 a troy ounce, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Existing Home Rise More-than-expected In August

Posted: 21 Sep 2011 07:08 AM PDT

Forexpros – U.S. existing home sales rose more-than-expected in August, rebounding from an eight-month low, industry data showed on Wednesday.

In a report, the National Association of Realtors said that existing home sales rose by 7.7% to a seasonally adjusted 5.03 million units in August, blowing past expectations for a gain of 1.7% to 4.75 million units.

Existing home sales in July totaled 4.67 million units.

Commenting on the report, Lawrence Yun, chief economist for NAR said, "Some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Social Security: Let’s Privatize It

Posted: 21 Sep 2011 06:39 AM PDT

The debate about whether or not Social Security is a Ponzi scheme is probably less important of an issue than a discussion about the ultimate and real solution to the unsustainable “insecurity of Social Security”: privatization.  Chile’s successful transition to a privatized pension system in 1980 provides a model for the U.S. and the rest of the world.  Jose Pinera, the architect Chile’s privatization efforts explains in this article “Empowering Workers: The Privatization of Social … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bears On A Chocolate Buzz!

Posted: 21 Sep 2011 06:30 AM PDT

Wednesday, September 21, 2011
Although the Cocoa market does appear to be oversold, at least in the short-run, the overall trend does appear to favor the bears. Those looking to initiate a short position in Cocoa may wish to wait for a short-covering rally to explore selling out-of-the-money call options in Cocoa futures options. There appears to be good resistance in the December contract near the 2900 level, and selling calls above this resistance may be explored. Currently, with December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Gains Ahead Of Critical FOMC Decision

Posted: 21 Sep 2011 06:30 AM PDT

Fundamental Headlines
• Bank of England Policymakers See Greater Stimulus as Increasingly Likely – Bloomberg
• Bernanke Has Few Tools to Heal Economy amid Weak Housing – Bloomberg
• As Fed Meets, Republicans Warn Against Policy Move – Reuters
• Stocks and Euro Drift Lower Before Fed Meeting – Reuters
• Greece Debates Extra Cuts – WSJ
European Session Summary
Asian markets were little changed while European equity markets were coming off of session-lows ahead of what could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Jumps To 7-day High Ahead Of Fed Decision

Posted: 21 Sep 2011 06:23 AM PDT

Forexpros – The U.S. dollar jumped to a seven-day high against its Canadian counterpart on Wednesday, briefly climbing above parity as markets shrugged off higher-than-expected Canadian inflation data and awaited the outcome of the Federal Reserve's policy meeting later in the day.

USD/CAD hit 1.0000 during U.S. morning trade, the highest since September 12; the pair subsequently consolidated at 0.9981, climbing 0.55%.

The pair was likely to find support at 0.9805, the low of September 19 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investors Await The Conclusion Of The Fed Meeting And “Operation Twist” Talks To Be Answered

Posted: 21 Sep 2011 01:15 AM PDT

09/21/11 NYFP’s Morning Market Brief: All attention is on the Federal Reserve today and “Operation Twist”. Meanwhile, UK consumer confidence hits a 4-month low and Apple to introduce the iPhone 5 on October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interesting Fact Of The Day

Posted: 21 Sep 2011 06:07 AM PDT

From the article “Got Cheap Milk?: Why Ditching Your Fancy, Organic, Locavore Lifestyle is Good for the World’s Poor,” in Foreign Policy (emphasis mine):

“What about [eating] “local”? Perhaps locally grown produce tastes better to some people. And perhaps it is psychologically better to have close contact with the people who grow your food. But that doesn’t make it good for the environment.

For example, it is twice as energy efficient for people in Britain to eat dairy products from New … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Realty Income Offers Shares

Posted: 21 Sep 2011 06:05 AM PDT

Realty Income Corp. (O) recently announced that it has made a public offering of 6 million shares. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters for purchasing an additional 900,000 shares.
Realty Income expects to use the net proceeds from the offering to repay borrowings under its $425 million acquisition credit facility, which helps the company to fund real estate acquisitions.
This public offering will enable the company to attain financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DuPont, Loxley Complete Solar Farm

Posted: 21 Sep 2011 06:05 AM PDT

DuPont Apollo, a wholly owned subsidiary of EI DuPont de Nemours & Co. (NYSE:DD)  specializing in silicon-based thin-film photovoltaic (PV) modules, completed an 8.7 MW ground-mounted solar farm in collaboration with Thailand-based Loxley PLC, through a joint venture called L Solar 1 Co. Ltd.
This project represents a new milestone in Thailand’s progress towards meeting its goal of fulfilling 20% of its total energy consumption needs from renewable sources by 2022.
The plant, located 180 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Modestly Lower Ahead Of FOMC; Dow Slips 0.2%

Posted: 21 Sep 2011 05:41 AM PDT

Forexpros – U.S. stock futures pointed to a modestly lower open on Wednesday, as investors positioned themselves ahead of the outcome of the Federal Reserve's monetary policy meeting later in the day.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.2%, S&P 500 futures signaled a drop of 0.25%, while the Nasdaq 100 futures indicated a 0.1% decline.

The Fed's Open Market Committee was to conclude its two-day policy meeting later in the day, amid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crown Castle Downgraded To Neutral

Posted: 21 Sep 2011 05:30 AM PDT

We have downgraded our recommendation on Crown Castle International Corp. (NYSE:CCI) to Neutral based on its current valuation, which is trading at significantly high multiples compared to both the S&P 500 average and its peers. Crown Castle's second-quarter 2011 financial results were mostly in line with the Zacks Consensus Estimates.
Increasing deployment of 3G/4G high-speed triple-play voice, data, and video technology and significant growth of wireless Internet traffic have enabled Crown … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Approval For J&J’s Incivo

Posted: 21 Sep 2011 05:30 AM PDT

Johnson & Johnson (NYSE:JNJ) recently received EU approval for its hepatitis C virus (HCV) treatment, Incivo (telaprevir). The European Commission approved Incivo for the treatment of genotype-1 chronic HCV, in combination with peginterferon alfa and ribavirin, in adults.
Incivo's approval was expected as the product had received a favorable recommendation from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) in July 2011. EU approval was based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Extends Gains Ahead As Fed Meeting In Focus

Posted: 21 Sep 2011 05:16 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as investors awaited the outcome of the Federal Reserve's policy meeting, while concerns over a default by Greece persisted.

During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.43% to hit 1.3642.

On Tuesday, Greece's finance minister said "good progress" had been made in a second round of talks with the European Union and International Monetary Fund … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Close To 8-month Low Ahead Of Fed

Posted: 21 Sep 2011 05:08 AM PDT

Forexpros – The pound was trading close to an eight-month low against the U.S. dollar on Wednesday, ahead of the conclusion of the Federal Reserve’s policy meeting and after the release of the minutes of the Bank of England's September meeting.

GBP/USD hit 1.5614 during European afternoon trade, the pair's lowest since January 15; the pair subsequently consolidated at 1.5636, shedding 0.62%.

Cable was likely to find support at 1.5582, the low of January 15 and resistance at 1.5746, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canada Core CPI Rises More-than-expected In August

Posted: 21 Sep 2011 04:09 AM PDT

Forexpros – Core consumer price inflation in Canada rose more-than-expected in August, as a result of higher prices for gasoline and food products, official data showed on Wednesday.

In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, rose by 0.4% in August, after advancing by 0.2% in July.

Analysts had expected core CPI to rise by 0.2% in August.

Core CPI rose at an annualized rate of 1.9% in August, outperforming expectations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips As Outcome Of Fed Meeting Awaited

Posted: 21 Sep 2011 03:46 AM PDT

Forexpros – The euro was slightly lower against the U.S. dollar on Wednesday, but remained supported as investors waited to see if the Federal Reserve would announce fresh measures to shore up growth in the U.S.

EUR/USD hit 1.3642 during European late morning trade, the daily low; the pair subsequently consolidated at 1.3670, shedding 0.23%.

The pair was likely to find support at 1.3592, Monday's low and resistance at 1.3782, the high of September 14.

The Federal Reserve's Open Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Steady At 4-month High Before Fed

Posted: 21 Sep 2011 03:20 AM PDT

Forexpros – The U.S. dollar was steady against the Swiss franc on Wednesday, trading at a four-month high as investors waited to see what measures the Federal Reserve may announce to stimulate growth in the U.S. economy.

USD/CHF hit 0.8984 during European morning trade, the pair's highest since April 20; the pair subsequently consolidated at 0.8935, gaining 0.65%.

The pair was likely to find support at 0.8685, the low of September 16 and resistance at 0.9010, the high of April 20.

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

Sugar Futures Down For Second Day As Supply Concerns Ease

Posted: 21 Sep 2011 03:20 AM PDT

Forexpros – Sugar futures were down for a second day on Wednesday, hovering close to the previous session's one-month low after India forecast the highest sugar crop in four years, easing concerns over tightening global supplies.

On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.2738 a pound during European morning trade, dropping 0.83%.

It earlier fell as much as 0.94% to trade at a daily low of USD0.2734 a pound, just above the previous session's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Extends Gains After BoE Minutes

Posted: 21 Sep 2011 02:54 AM PDT

Forexpros – The euro extended gains against the pound on Wednesday, rising to a three-day high after the minutes of the Bank of England's September policy meeting showed that policymakers are leaning towards more monetary easing.

EUR/GBP hit 0.8750 during European morning trade, the pair's highest since September 16; the pair subsequently consolidated at 0.8730, gaining 0.26%.

The pair was likely to find support at 0.8669, Monday's low and resistance at 0.8788, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Gentiva Health Services (GTIV)

Posted: 21 Sep 2011 02:30 AM PDT

We have downgraded our recommendation on Gentiva Health Services (NASDAQ:GTIV) to Underperform, prompted by poor operating performance coupled with weakening financial position. The company’s second-quarter earnings lagged the Zacks Consensus Estimate, on the back of high interest payments as well as increased expenses, resulting in a deteriorated cash position.
However, the strong growth in Hospice segment, driven by the Odyssey acquisition, led to a huge surge in revenue, which was offset by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magyar Nemzeti Bank (Hungary) Holds Rate At 6.00%

Posted: 21 Sep 2011 02:27 AM PDT

The Magyar Nemzeti Bank maintained its benchmark base rate steady at 6.00% as inflation drifted down towards its target.  The Bank said: “In the Council’s judgement, Hungarian economic growth is likely to remain subdued over the next two years, with the level of output remaining below its potential throughout the period. Medium-term upside risks to inflation have fallen due to weak domestic demand. Inflation may fall back to 3% by the beginning of 2013, as the effects of cost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Broadly Lower As BNP Tumbles; DAX Drops 1%

Posted: 21 Sep 2011 02:23 AM PDT

Forexpros – European stock markets were broadly lower on Wednesday, as shares in BNP Paribas tumbled amid fears of an imminent credit downgrade, while markets awaited the outcome of the Federal Reserve's monetary policy meeting later in the day.

During European morning trade, the EURO STOXX 50 dropped 0.85%, France's CAC 40 sank 0.95%, while Germany's DAX 30 retreated 1%.

Shares in France's largest retail lender BNP Paribas tumbled 5.7% amid speculation ratings agency Moody's will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher As Fed Meeting In Focus

Posted: 21 Sep 2011 01:57 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, ahead of a Federal Reserve policy decision as investors waited to see what steps might be taken to boost U.S. growth.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.18% to hit 1.3676.

Concerns over the debt crisis in the euro zone eased after Greece's finance minister said "good progress" had been made in a second round of talks with the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Public Sector Net Borrowing Rises More-than-expected

Posted: 21 Sep 2011 01:35 AM PDT

Forexpros – Public sector net borrowing in the U.K. rose more-than-expected in August, official data showed on Wednesday.

In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income rose to GBP13.2 billion, above expectations for GBP11.4 billion.

Public sector net borrowing fell by GBP5.6 billion in July, whose figure was revised from a decline of GBP2.0 billion.

Following the release of that data, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Turkey Holds Rate At 5.75%

Posted: 21 Sep 2011 01:33 AM PDT

The Central Bank of the Republic of Turkey held its benchmark 1-week repo rate at 5.75%.  The Bank also held the overnight borrowing rate at 5.00% and kept the lending rate unchanged at 9.00%.  The Bank said: “The Committee has noted that core inflation may continue to rise in the short-term. However, due to the slowdown in economic activity, it is expected that the second round effects of exchange rate movements would be limited, and thus the increase in inflation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Slip Ahead Of FOMC, U.S. Supply Data

Posted: 21 Sep 2011 01:29 AM PDT

Forexpros – Crude oil futures edged lower on Wednesday, as traders positioned themselves ahead of the outcome of the Federal Reserve's monetary policy meeting later in the day and a government report on U.S. crude supplies.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD86.36 a barrel during European morning trade, retreating 0.64%.

It earlier fell as much as 0.75% to trade at a daily low of USD86.28 a barrel.

The Fed's Open Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Close To 8-month Low Ahead Of BoE Minutes

Posted: 21 Sep 2011 01:12 AM PDT

Forexpros – The pound was down against the U.S. dollar on Wednesday, trading close to an eight-month low ahead of the release of minutes from the Bank of England's September policy setting meeting.

GBP/USD hit 1.5688 during European morning trade, the daily low; the pair subsequently consolidated at 1.5689, shedding 0.26%.

Cable was likely to find support at 1.5631, Monday's low and an eight-month low and resistance at 1.5746, Monday's high.

The pound has been hit by speculation that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Al-Maghrib (Morocco) Holds Rate At 3.25%

Posted: 21 Sep 2011 01:03 AM PDT

The Bank al-Maghrib of Morocco held its main policy rate unchanged at 3.25%.  The Bank said: “Nationally, despite the slowdown in the global economic activity, domestic demand continued to hold up well…. In this context where the central inflation forecast is permanently consistent with the price stability objective and the balance of risks is tilted to the downside, the Board decided to keep the key rate unchanged at 3.25 percent.”  The Bank also said: “In view of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Near Record Low Ahead Of Fed Meeting Outcome

Posted: 21 Sep 2011 12:54 AM PDT

Forexpros – The U.S. dollar was down against the yen on Wednesday, trading close to the pair's all-time low amid speculation the Federal Reserve would announce fresh measures to shore up U.S. growth later in the day.

USD/JPY hit 76.12 during late Asian trade, the pair's lowest since August 19; the pair subsequently consolidated at 76.32, shedding 0.15%.

The pair was likely to find support at 75.94, the low of August 19 and the pair's all-time low and resistance at 76.75, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Climb To 2-day High With Fed In Focus

Posted: 21 Sep 2011 12:38 AM PDT

Forexpros – Gold futures were up for a second day on Wednesday, as concerns over the global growth outlook boosted the appeal of the precious metal, while investors awaited the outcome of the Federal Reserve's monetary policy meeting later in the day.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,811.25 a troy ounce during late Asian trade, gaining 0.24%.

It earlier rose as much as 0.45% to trade at USD1,815.25 a troy ounce, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Slips As Outcome Of Fed Meeting Eyed

Posted: 21 Sep 2011 12:31 AM PDT

Forexpros – The New Zealand dollar slipped against its U.S. counterpart on Wednesday, touching a daily low as investors awaited the outcome of the Federal Reserve's policy setting meeting later in the day.

NZD/USD hit 0.8210 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8214, shedding 0.32%.

The pair was likely to find support at 0.8119, the low of September 15 and an almost one-month low and resistance at 0.8264, Monday's high.

Speculation was growing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Edges Lower As Growth Concerns Weigh

Posted: 21 Sep 2011 12:12 AM PDT

Forexpros – The Australian dollar edged lower against its U.S. counterpart on Wednesday, amid concerns over the outlook for global growth and speculation that the Federal Reserve will unveil fresh stimulus measures.

AUD/USD hit 1.0234 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0267, slipping 0.09%.

The pair was likely to find support at 1.0166, the low of September 19 and resistance at 1.0345, the high of September 15.

On Tuesday, the International … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Mixed Ahead Of Fed; Nikkei Adds 0.23%

Posted: 20 Sep 2011 11:54 PM PDT

Forexpros – Asian stock markets were mixed in choppy trade on Wednesday, amid concerns over the outlook for global growth, while investors awaited the outcome of the Federal Reserve's monetary policy meeting later in the day.

During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.5%, Australia's ASX/200 Index rose 0.75%, while Japan's Nikkei 225 Index edged 0.23% higher.

The International Monetary Fund downgraded its global growth outlook for 2012 to 4% from a previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips As Fed Meeting In Focus

Posted: 20 Sep 2011 11:36 PM PDT

Forexpros – The euro slipped against the U.S. dollar on Wednesday, touching a daily low as investors awaited the outcome of the Federal Reserve policy setting meeting later in the day.

EUR/USD hit 1.3679 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3679, slipping 0.14%.

The pair was likely to find support at 1.3592, Monday's low and resistance at 1.3782, the high of September 14.

Late Tuesday, Greek Finance Minister Evangelos Venizelos said "good … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Grupo Aeroportuario Del Sureste

Posted: 20 Sep 2011 11:05 PM PDT

 
GRUPO AEROP-ADR (ASR): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Stamps.com

Posted: 20 Sep 2011 11:05 PM PDT

 
STAMPS.COM INC (STMP): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Humana, Inc. (HUM)

Posted: 20 Sep 2011 11:05 PM PDT

Humana, Inc.’s (NYSE:HUM) second-quarter earnings modestly beat the Zacks Consensus Estimate, owing to improved consolidated premiums and ASO fees that also drove the benefit ratio along with improvement in medical and specialty memberships. Humana benefits from the new rule in health care reform, which led to an efficient deployment of capital.
The upcoming AMS acquisition is further expected to enhance the company’s Medicare coverage. Overall, we expect an upside to Humana shares on the basis of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: ACI Worldwide

Posted: 20 Sep 2011 11:05 PM PDT

 
ACI WORLDWIDE (ACIW): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 20 Sep 2011 10:55 PM PDT

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

EUR/USD was trading at 1.3694, down 0.06% at time of writing.

The pair was likely to find support at 1.3587, Monday's low, and resistance at 1.3882, Friday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8711 and EUR/JPY falling 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Testing Resistance @ 38.2% On Hourly

Posted: 20 Sep 2011 10:34 PM PDT

Its been pretty quiet thus far tonight as we sit idly between the Asian close and the European open. The EUR/USD is currently testing resistance at 1.37195; the 38.2% retracement line on the move from Thursday's high to Monday's low. Additional resistance is added by the 200 hour moving average which also comes in around this level.  Around the 1.3700 figure we are also testing some short-term trend line support which has been developing the past 48 hours; a push lower may see us trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold And Silver Set Sights On Federal Reserve Policy Meeting

Posted: 20 Sep 2011 10:33 PM PDT

Talking Points

Crude Oil Awaits FOMC Outcome at Critical Technical Support Level
Gold, Silver to Decline if Federal Reserve Falls Short on New Stimulus

WTI Crude Oil (NY Close): $86.92 // +1.11 // +1.29%
As we suspected yesterday, crude prices edged higher yesterday in anticipation of the Federal Reserve monetary policy announcement due on Wednesday, with hopes running high that Ben Bernanke and company will offer another round of stimulus to bolster the shaky economic recovery. As we pointed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 20 Sep 2011 10:25 PM PDT

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

GBP/USD was trading at 1.5728, down 0.05% at time of writing.

The pair was likely to find support at 1.5634, Monday's low, and resistance at 1.5841, Friday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8712 and GBP/JPY falling 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gain In Architecture Billings Index Highest In 4 Yrs.

Posted: 20 Sep 2011 08:27 PM PDT

Washington, D.C. – September 21, 2011 – “On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the August ABI score was 51.4, following a very weak score of 45.1 in July (see chart above). … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Wednesday 21 September

Posted: 20 Sep 2011 08:18 PM PDT

Market trades in the negative territory as investors are waiting for steps from the Fed to juice the economy. We advised to stay sideline to observe for more signs of market direction. Meanwhile, no investment for now. We are more inclined to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed In Mid-day Asian Trade

Posted: 20 Sep 2011 08:12 PM PDT

Forexpros –
Forexpros – The U.S. dollar was lower against its major counterparts in Asian trade Wednesday, as dealers await the outcome of the U.S. Federal Reserve's Open Market Committee meeting and possible signs of a liquidity boost for the U.S. economy.
In mid-day Asian trade, the greenback was lower against the euro, with EUR/USD gaining 0.10% to hit 1.3716.
The U.S. Federal Reserve's Open Market Committee began its two-day policy meeting where market watchers expect the Fed to opt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exports From L.A. Port Surge In August

Posted: 20 Sep 2011 07:36 PM PDT

Loaded outbound export containers leaving Los Angeles for overseas destinations surged in August, registering an increase of 11.5% compared to July, and a gain of 24.8% compared to August of last year, according to shipping data recently released by the Port of Los Angeles (see chart above).  The 184,321 outbound containers set a new record for the month of August, and indicates that the global demand for U.S. manufactured products remains strong.  Strong August shipping from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Jumps To 7-day High Ahead Of Fed Decision

Posted: 20 Sep 2011 07:32 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar jumped to a seven-day high against its Canadian counterpart on Wednesday, briefly climbing above parity as markets shrugged off higher-than-expected Canadian inflation data and awaited the outcome of the Federal Reserve's policy meeting later in the day.
USD/CAD hit 1.0000 during U.S. morning trade, the highest since September 12; the pair subsequently consolidated at 0.9981, climbing 0.55%.
The pair was likely to find support at 0.9805, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lower In Mid-day Asian Trade

Posted: 20 Sep 2011 07:30 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian Wednesday, as dealers await the outcome of a meeting of U.S. Federal Reserve officials and possible signs of further steps from the Fed to boost the ailing economy.
In mid-day Asian trade USD/JPY hit 76.12, the pair's lowest since August 19; the pair subsequently consolidated at 76.36, falling 0.12%.
The pair was likely to find support at 75.97, the low of August 19, and resistance at 77.58 last Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Modestly Lower Ahead Of FOMC; Dow Slips 0.2%

Posted: 20 Sep 2011 07:02 PM PDT

By ForexMansion.com
Forexpros – U.S. stock futures pointed to a modestly lower open on Wednesday, as investors positioned themselves ahead of the outcome of the Federal Reserve's monetary policy meeting later in the day.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.2%, S&P 500 futures signaled a drop of 0.25%, while the Nasdaq 100 futures indicated a 0.1% decline.
The Fed's Open Market Committee was to conclude its two-day policy meeting later in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Gain In Early Trade; Nikkei Adds 0.2%

Posted: 20 Sep 2011 06:44 PM PDT

Forexpros –
Forexpros – Asian stocks moved marginally higher in Wednesday trade, on optimism for progress on Greece's debt crisis as well as prospects for economic stimulus from the U.S. Federal Reserve.
During early Asian trade, Hong Kong's Hang Seng Index gained 0.51% to 19,014.80, Japan's Nikkei 225 Index rose 0.2% to 8,739.04, while Australia's S&P/ASX 200 slipped 0.17% to 4,033.50.
Along with the Nikkei, the broader-based Topix Index of all issues listed on the first section … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Extends Gains Ahead As Fed Meeting In Focus

Posted: 20 Sep 2011 06:32 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as investors awaited the outcome of the Federal Reserve's policy meeting, while concerns over a default by Greece persisted.
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.43% to hit 1.3642.
On Tuesday, Greece's finance minister said "good progress" had been made in a second round of talks with the European Union and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Close To 8-month Low Ahead Of Fed

Posted: 20 Sep 2011 06:32 PM PDT

By ForexMansion.com
Forexpros – The pound was trading close to an eight-month low against the U.S. dollar on Wednesday, ahead of the conclusion of the Federal Reserve's policy meeting and after the release of the minutes of the Bank of England's September meeting.
GBP/USD hit 1.5614 during European afternoon trade, the pair's lowest since January 15; the pair subsequently consolidated at 1.5636, shedding 0.62%.
Cable was likely to find support at 1.5582, the low of January 15 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Inches Higher In Early Asian Trade

Posted: 20 Sep 2011 06:01 PM PDT

Forexpros –
Forexpros – Crude oil futures moved higher in Asian trade Wednesday, lifted by prospects for increased energy demand as a Greek debt solution and the faltering U.S. economy looked for answers from global finance officials.
On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD86.39 a barrel during early Asian trade, easing up 0.06%, after hitting a daily low of USD86.30.
Earlier Tuesday, European Union finance officials said that Greece … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Republican’s Latest Ploy To Keep The Economy Lousy Through Election Day

Posted: 20 Sep 2011 05:41 PM PDT

Whatever shred of doubt you may have harbored about the determination of congressional Republicans to keep the economy in the dumps through Election Day should now be gone.
Today, in advance of a key meeting of the Federal Reserve Board's Open Market Committee to decide what to do about the continuing awful economy and high unemployment, top Republicans wrote a letter to Fed Chief Ben Bernanke.
They stated in no uncertain terms the Fed should take no further action to lower long-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canada Core CPI Rises More-than-expected In August

Posted: 20 Sep 2011 05:32 PM PDT

By ForexMansion.com
Forexpros – Core consumer price inflation in Canada rose more-than-expected in August, as a result of higher prices for gasoline and food products, official data showed on Wednesday.
In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, rose by 0.4% in August, after advancing by 0.2% in July.
Analysts had expected core CPI to rise by 0.2% in August.
Core CPI rose at an annualized rate of 1.9% in August, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Decline In Early Asian Trade

Posted: 20 Sep 2011 05:23 PM PDT

Forexpros –
Forexpros – Gold futures moved lower in Asian trade Wednesday, on renewed hopes for a resolution to Greece's debt crisis and the prospects for monetary easing from the U.S. Federal Reserve Bank.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,802.45 a troy ounce during early Asian trade, down 0.08%, after hitting a high of USDS1,805.45.
Earlier Tuesday, European Union finance officials said that Greece had made … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Slips As Outcome Of Fed Meeting Awaited

Posted: 20 Sep 2011 05:03 PM PDT

By ForexMansion.com
Forexpros – The euro was slightly lower against the U.S. dollar on Wednesday, but remained supported as investors waited to see if the Federal Reserve would announce fresh measures to shore up growth in the U.S.
EUR/USD hit 1.3642 during European late morning trade, the daily low; the pair subsequently consolidated at 1.3670, shedding 0.23%.
The pair was likely to find support at 1.3592, Monday's low and resistance at 1.3782, the high of September 14.
The Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down On Economic Data

Posted: 20 Sep 2011 04:45 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Tuesday after the release of U.K. data on Nationwide Consumer Confidence.

GBP/JPY was trading at 120.23, down 0.06% at time of writing.

The pair was likely to find support at 119.48, Monday's low, and resistance at 122.23, Thursday's high.

Earlier in the day, industry data showed that The U.K.'s Nationwide consumer confidence index fell to a seasonally adjusted 48 last month from 49 in the preceding month.

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

Forex – EUR/USD Falls In Early Asian Trade

Posted: 20 Sep 2011 04:40 PM PDT

Forexpros –
Forexpros – The euro moved lower against the U.S. dollar in Asian trade Wednesday, as Greek and European officials grappled with details of the next installment of rescue funds designed to keep Greece from defaulting on its debts.
EUR/USD hit 1.3680 in early Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.3684, falling 0.13%.
The pair was likely to find support at 1.3500, last Monday's low, and resistance at 1.3937, last Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The S&P 500 & The Dollar Ahead Of The Fed Statement

Posted: 20 Sep 2011 04:38 PM PDT

The Federal Reserve is holding a two-day meeting Tuesday and Wednesday of this week. Market participants are expecting the Federal Reserve to prop up financial markets yet again with some grand new plan. The fact is the Federal Reserve is running out of bullets.
Interest rates cannot move much lower in terms of the Federal Funds rate, additional quantitative easing seems redundant since Treasury yields are close to all-time lows, and finally a twisting of maturities will do little to alter the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CHF Steady At 4-month High Before Fed

Posted: 20 Sep 2011 04:33 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was steady against the Swiss franc on Wednesday, trading at a four-month high as investors waited to see what measures the Federal Reserve may announce to stimulate growth in the U.S. economy.
USD/CHF hit 0.8984 during European morning trade, the pair's highest since April 20; the pair subsequently consolidated at 0.8935, gaining 0.65%.
The pair was likely to find support at 0.8685, the low of September 16 and resistance at 0.9010, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Down For Second Day As Supply Concerns Ease

Posted: 20 Sep 2011 04:33 PM PDT

By ForexMansion.com
Forexpros – Sugar futures were down for a second day on Wednesday, hovering close to the previous session's one-month low after India forecast the highest sugar crop in four years, easing concerns over tightening global supplies.
On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.2738 a pound during European morning trade, dropping 0.83%.
It earlier fell as much as 0.94% to trade at a daily low of USD0.2734 a pound, just above the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 20 Sep 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3682, down 0.15% at time of writing.

The pair was likely to find support at 1.3587, Monday's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8699 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down On Economic Data

Posted: 20 Sep 2011 04:10 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday after the release of N.Z. data on Current Account.

NZD/USD was trading at 0.8214, down 0.35% at time of writing.

The pair was likely to find support at 0.8122, Thursday's low, and resistance at 0.8342, Friday's high.

Earlier in the day, official data showed that New Zealand's current account balance fell more-than-expected to a seasonally adjusted -0.92B in the last quarter from -0.09B in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nationwide Consumer Confidence Falls

Posted: 20 Sep 2011 04:10 PM PDT

Forexpros – The U.K.'s Nationwide consumer confidence index fell last month, industry data showed on Tuesday.

In a report, Nationwide said that Nationwide consumer confidence fell to a seasonally adjusted 48, from 49 in the preceding month.

Analysts had expected Nationwide consumer confidence to fall to 48 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/GBP Extends Gains After BoE Minutes

Posted: 20 Sep 2011 04:01 PM PDT

By ForexMansion.com
Forexpros – The euro extended gains against the pound on Wednesday, rising to a three-day high after the minutes of the Bank of England's September policy meeting showed that policymakers are leaning towards more monetary easing.
EUR/GBP hit 0.8750 during European morning trade, the pair's highest since September 16; the pair subsequently consolidated at 0.8730, gaining 0.26%.
The pair was likely to find support at 0.8669, Monday's low and resistance at 0.8788, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Zealand’s Current Account Balance Falls More-than-expected

Posted: 20 Sep 2011 04:00 PM PDT

Forexpros – New Zealand's current account balance fell more-than-expected in the last quarter, official data showed on Tuesday.

In a report, Statistics New Zealand said that New Zealand's current account balance fell to a seasonally adjusted -0.92B, from -0.09B in the preceding quarter whose figure was revised up from -0.10B.

Analysts had expected New Zealand's current account balance to fall -0.69B in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Energy Use To Spike By 2035

Posted: 20 Sep 2011 03:58 PM PDT

09/20/11 The EIA’s International Energy Outlook 2011 forecasts an increase in energy demand and carbon emissions. Renewable energy is expected to become the fastest growing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market With A Twist?

Posted: 20 Sep 2011 03:35 PM PDT

Cusick’s Corner
Not enough thrust to the upside to say that the bears have lost control, but the world government agencies are doing everything to keep the financial system afloat which been the catalyst of the market to the upside. Here’s the question that I asked myself at the end of the day after seeing the pullback — can the Fed come up with something tomorrow that will get the market truly excited enough to get the bulls on the move? Watch the markets for the potential rollout of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polycom Remains Neutral

Posted: 20 Sep 2011 03:35 PM PDT

We reaffirm our long-term Neutral recommendation on Polycom Inc. (NASDAQ:PLCM). The company reported mixed financial results for the second-quarter 2011.
Despite facing competitive pressure from Cisco Systems Inc. (NASDAQ:CSCO), Polycom's high-margin Network Infrastructure Systems businesses grew 51% in the last quarter. Strong momentum of the Network Infrastructure division is a significant positive for Polycom since this division drives overall margin of the company.
We believe long-term fundamentals … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Rig Count At 34-Month High

Posted: 20 Sep 2011 03:35 PM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country) to its highest level since November 7, 2008. This can be primarily attributed to an increase in the tally of land rigs.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (NYSE:RIG), Diamond Offshore (NYSE:DO), Noble Corp. (NYSE:NE), Nabors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 20 Sep 2011 03:35 PM PDT

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

NZD/USD was trading at 0.8226, down 0.20% at time of writing.

The pair was likely to find support at 0.8122, Thursday's low, and resistance at 0.8342, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.08% to hit 1.2477 and EUR/NZD rising 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Broadly Lower As BNP Tumbles; DAX Drops 1%

Posted: 20 Sep 2011 03:32 PM PDT

By ForexMansion.com
Forexpros – European stock markets were broadly lower on Wednesday, as shares in BNP Paribas tumbled amid fears of an imminent credit downgrade, while markets awaited the outcome of the Federal Reserve's monetary policy meeting later in the day.
During European morning trade, the EURO STOXX 50 dropped 0.85%, France's CAC 40 sank 0.95%, while Germany's DAX 30 retreated 1%.
Shares in France's largest retail lender BNP Paribas tumbled 5.7% amid speculation ratings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FOMC Meeting Announcement, US Existing Home Sales, Earnings – Bed, Bath & Beyond, General Mills

Posted: 20 Sep 2011 03:20 PM PDT

09/20/11 The 2-day FOMC meeting comes to an end, with focus on whether the central bank introduces a possible Operation Twist … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Wins Aussie Hospital Contract

Posted: 20 Sep 2011 03:05 PM PDT

The Australian government recently awarded the Australian arm of Hewlett-Packard Company (NYSE:HPQ) a technology service agreement for its next-generation digital hospital in Adelaide, Australia. According to the agreement, Hewlett-Packard will design, build and maintain a portion of the information, communication and technology (ICT) systems of the digital hospital.
The new hospital will follow a public-private collaboration approach, with all modern amenities. It will be equipped with version … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Data On Merck Candidate

Posted: 20 Sep 2011 03:05 PM PDT

Merck (NYSE:MRK) recently presented new clinical and pre-clinical data on its phase III pipeline candidate, odanacatib. Odanacatib is an investigational cathepsin K (cat-K) inhibitor which is being developed for the treatment of osteoporosis in post-menopausal women.
Results were presented from a phase IIb clinical study extending to five years. Merck said that postmenopausal women being treated with odanacatib 50 mg weekly continuously for five years experienced an increase in bone mass density … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CIGNA Gets Customer-centric

Posted: 20 Sep 2011 03:05 PM PDT

In a bid to provide specialized customer service, health insurer CIGNA Corp. (NYSE:CI) has announced a national brand campaign, with the theme "GO YOU".  The campaign chiefly focuses on providing user-friendly programs along with delivering unique customer service.
The advertisement kicked off yesterday on print, television and the web and is expected to grab instant attention. Though the company has not yet disclosed the cost of the campaign, we expect it to be one of the most … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Public Sector Net Borrowing Rises More-than-expected

Posted: 20 Sep 2011 03:02 PM PDT

By ForexMansion.com
Forexpros – Public sector net borrowing in the U.K. rose more-than-expected in August, official data showed on Wednesday.
In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income rose to GBP13.2 billion, above expectations for GBP11.4 billion.
Public sector net borrowing fell by GBP5.6 billion in July, whose figure was revised from a decline of GBP2.0 billion.
Following the release … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher As Fed Meeting In Focus

Posted: 20 Sep 2011 03:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, ahead of a Federal Reserve policy decision as investors waited to see what steps might be taken to boost U.S. growth.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.18% to hit 1.3676.
Concerns over the debt crisis in the euro zone eased after Greece's finance minister said "good progress" had been made in a second round of talks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Close To 8-month Low Ahead Of BoE Minutes

Posted: 20 Sep 2011 02:32 PM PDT

By ForexMansion.com
Forexpros – The pound was down against the U.S. dollar on Wednesday, trading close to an eight-month low ahead of the release of minutes from the Bank of England's September policy setting meeting.
GBP/USD hit 1.5688 during European morning trade, the daily low; the pair subsequently consolidated at 1.5689, shedding 0.26%.
Cable was likely to find support at 1.5631, Monday's low and an eight-month low and resistance at 1.5746, Monday's high.
The pound has been hit by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Slip Ahead Of FOMC, U.S. Supply Data

Posted: 20 Sep 2011 02:32 PM PDT

By ForexMansion.com
Forexpros – Crude oil futures edged lower on Wednesday, as traders positioned themselves ahead of the outcome of the Federal Reserve's monetary policy meeting later in the day and a government report on U.S. crude supplies.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD86.36 a barrel during European morning trade, retreating 0.64%.
It earlier fell as much as 0.75% to trade at a daily low of USD86.28 a barrel.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SEC To Ban Asset-Backed Bets

Posted: 20 Sep 2011 02:30 PM PDT

The Securities and Exchange Commission (SEC) proposed on Monday that financial institutions either underwriting or sponsoring asset-backed securities (ABS) be restricted from making profits out of the losses of investors for one year. The SEC proposal is in the interest of investors who were losing their hard earned money due to the ABS originators' bets on bundled financial products.
Earlier this year, U.S. Senate investigators raised issues accusing Goldman Sachs (NYSE:GS) of earning profits … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duracell Launches Wireless Chargers

Posted: 20 Sep 2011 02:30 PM PDT

Users of Procter & Gamble Co's (NYSE:PG) Duracell battery do not need their power chargers anymore for charging their batteries. Powermat Ltd. has partnered with the retail giant's Duracell unit to make small charging mats and receivers, which would wirelessly power up cell phones and other small electronics.
The financial details of the transactions have not been produced yet. With a 55% stake in the joint venture, Procter & Gamble's Duracell battery will get a leg up in a market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Two New Indications For Amgen Drug

Posted: 20 Sep 2011 02:30 PM PDT

Amgen (NASDAQ:AMGN) recently received US Food and Drug Administration (FDA) approval for two new indications of Prolia (denosumab).
In addition to approving Prolia as a treatment for increasing bone mass in women at high risk for fracture receiving adjuvant aromatase inhibitor therapy for breast cancer, the FDA approved Prolia as a treatment for increasing bone mass in men at high risk for fracture receiving androgen deprivation therapy for non-metastatic prostate cancer. The approvals were based on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sealed Air Notes To Fund Purchase

Posted: 20 Sep 2011 02:30 PM PDT

Packaging food products maker Sealed Air Corporation (NYSE:SEE) issued $1.5 billion notes with an intention to utilize the proceeds to fund a portion of the $4.3 billion acquisition of Diversey Holdings announced in June 2011.
The $1.5 billion notes issue is made in two tranches of $750 million each. The first series is supposed to yield 8.125% when held to maturity, September 15, 2019, while the second series is estimated to yield 8.375% when held to maturity, September 15, 2021.
Sealed Air will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper In Twin Networking Deals

Posted: 20 Sep 2011 02:30 PM PDT

Juniper Networks Inc. (NASDAQ:JNPR) announced that online video game provider, OnLive has selected its network infrastructure for an undisclosed amount. OnLive intends to upgrade its data center infrastructure with Juniper's routing, switching and security solutions.
OnLive pioneered the cloud gaming platform where games are synchronized, rendered and stored on remote servers, and thereafter delivered via the Internet. The service is available on OnLive Game System on any PC and Apple Inc.'s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boston Scientific Grows Portfolio

Posted: 20 Sep 2011 02:30 PM PDT

Boston Scientific Corporation (NYSE:BSX) strengthened its Peripheral Interventions portfolio with the launch of Coyote Balloon catheter (0.014 inch) to treat patients undergoing peripheral angioplasty procedures below the knee. The company is marketing the product in the US, Europe and other international markets.  
Prior to this, in June, the company had launched Mustang percutaneous transluminal angioplasty (PTA) balloon catheter (0.035 inch) globally. Introduction of this device could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Unrecovering

Posted: 20 Sep 2011 02:25 PM PDT

In “Our Sputtering Economy by Numbers: Poverty Edition,” ProPublica highlights statistics derived from the Census Bureau’s lncome, Poverty, and Health Insurance Coverage in the United States: 2010, which lend further weight to the notion that what we’ve experienced since the recession “ended” back in 2009 could best be described as an “unrecovery.” Here are just a few examples
Poverty:
Official U.S. poverty rate in 2007, before the recession: 12.5 percent
Poverty rate in 2009: 14.3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Watch List For Wednesday, Set 21

Posted: 20 Sep 2011 02:23 PM PDT

  ( click to enlarge )

Newmont Mining Corporation (NYSE:NEM) broke out to a new all-time high today, accompanied by a good volume suggesting higher levels.The stock has been in a nice uptrend for the last two months and it looks very strong with both 50 day and 200 day moving average going up while %K line is on top of %D line. NEM is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. Watchout for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Great Potential Upside In Gold And Silver Miners

Posted: 20 Sep 2011 02:19 PM PDT

There has been short term profit taking in gold over the past few weeks as investors return to an oversold equity market. Make no mistake such a development is temporary and healthy as GST believes gold prices will make it back to the $1900+ area.

It is important that our comments be clearly understood. As the SPDR Gold ETF (GLD) hit our overbought targets we moved laterally into our mining selections, which were just on the cusp of upside breakouts after several months of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oracle Again Posts Modest Beat

Posted: 20 Sep 2011 02:05 PM PDT

After the bell Tuesday, Oracle Corporation (NASDAQ:ORCL) reported earnings for its fiscal 1st quarter of 2012, and as per usual the giant tech firm beat estimates, albeit on somewhat modest expectations. Reported EPS of 45 cents per share (Zacks is not taking the entire amortization charge in the company’s headline 48 cents per share number) beat the Zacks Consensus Estimate of 44 cents, and revenues of $8.4 billion topped Zacks expectations of $8.3 billion.

New software revenue posted toward the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tyson Settles With Workers

Posted: 20 Sep 2011 02:05 PM PDT

Tyson Foods Inc. (NYSE:TSN), the world's leading producer, distributor, and marketer of chicken, beef, pork, and prepared food products, has decided to give up $32 million in order to settle a wage dispute with workers who claimed that they were being paid less than they actually worked for.
The workers of meatpacking and food processing units claimed that they were deprived of thousands of dollars in lost pay for time they spent donning and doffing safety gear. The movement is backed by a U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi Trends To Underperform

Posted: 20 Sep 2011 02:05 PM PDT

We are currently downgrading our long-term recommendation on Citi Trends Inc. (NASDAQ:CTRN) to Underperform from Neutral based on the company’s disappointing second-quarter 2011 results.
Citi Trends’ falling comparable store sales, coupled with rising input costs and operating expenses, battered the second-quarter 2011 results. The company witnessed a quarterly loss of 69 cents per share that broadened 17 folds from the prior-period loss of 4 cents. The Zacks Consensus Estimate for the quarter was a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Near Record Low Ahead Of Fed Meeting Outcome

Posted: 20 Sep 2011 02:03 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar was down against the yen on Wednesday, trading close to the pair's all-time low amid speculation the Federal Reserve would announce fresh measures to shore up U.S. growth later in the day.
USD/JPY hit 76.12 during late Asian trade, the pair's lowest since August 19; the pair subsequently consolidated at 76.32, shedding 0.15%.
The pair was likely to find support at 75.94, the low of August 19 and the pair's all-time low and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Slips As Outcome Of Fed Meeting Eyed

Posted: 20 Sep 2011 02:03 PM PDT

By ForexMansion.com
Forexpros – The New Zealand dollar slipped against its U.S. counterpart on Wednesday, touching a daily low as investors awaited the outcome of the Federal Reserve's policy setting meeting later in the day.
NZD/USD hit 0.8210 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8214, shedding 0.32%.
The pair was likely to find support at 0.8119, the low of September 15 and an almost one-month low and resistance at 0.8264, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Climb To 2-day High With Fed In Focus

Posted: 20 Sep 2011 02:03 PM PDT

By ForexMansion.com
Forexpros – Gold futures were up for a second day on Wednesday, as concerns over the global growth outlook boosted the appeal of the precious metal, while investors awaited the outcome of the Federal Reserve's monetary policy meeting later in the day.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,811.25 a troy ounce during late Asian trade, gaining 0.24%.
It earlier rose as much as 0.45% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

See-saw Session For The Dow On Greek Rescue Fund Uncertainty

Posted: 20 Sep 2011 09:00 AM PDT

09/20/11 NYFP’s Closing Bell Market Report: The Dow Jones closed out a volatile session with only a 7 point gain led by uncertainty regarding Greece receiving its next rescue fund. Meanwhile, “Operation Twist” is front and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 20 Sep 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Building Permits.

EUR/USD was trading at 1.3697, up 0.07% at time of writing.

The pair was likely to find support at 1.3587, Monday's low, and resistance at 1.3937, Thursday's high.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

Analysts had expected the … [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: 20 Sep 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on Building Permits.

USD/JPY was trading at 76.40, down 0.25% at time of writing.

The pair was likely to find support at 76.33, Monday's low, and resistance at 77.30, Thursday's high.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

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

XZERES Signs Largest Distributed Wind Energy Dealer In UK

Posted: 20 Sep 2011 01:35 PM PDT

Steven Ralston, CFA
XZERES signs largest distributed wind energy dealer in UK

Today, XZERES (XPWR) announced that a Letter of Intent was signed for an exclusive dealer arrangement with VG Energy, Ltd., the largest distributed wind energy dealer in the U.K. The agreement requires a minimum of $5.0 million in turbines to be purchased from XZERES over the next 15 months in order to maintain the exclusivity in certain areas of the United Kingdom.

With a dominant market share (roughly 36%) in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

XZERES Signs Largest Distributed Wind Energy Dealer In UK

Posted: 20 Sep 2011 01:35 PM PDT

Steven Ralston, CFA
XZERES signs largest distributed wind energy dealer in UK

Today, XZERES (XPWR) announced that a Letter of Intent was signed for an exclusive dealer arrangement with VG Energy, Ltd., the largest distributed wind energy dealer in the U.K. The agreement requires a minimum of $5.0 million in turbines to be purchased from XZERES over the next 15 months in order to maintain the exclusivity in certain areas of the United Kingdom.

With a dominant market share (roughly 36%) in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diamond Offshore Balanced

Posted: 20 Sep 2011 01:35 PM PDT

We have maintained our Neutral recommendation for Diamond Offshore Drilling Inc. (NYSE:DO) given its solid fundamentals and financial disciplines, partially mitigated by stringent regulations as well as the lingering effects of the Gulf of Mexico (GoM) drill ban and related U.S. policies.
Texas-based Diamond Offshore is a major contract driller, providing comprehensive offshore drilling services to the global energy industry. We believe Diamond Offshore exhibits long-term earnings growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Opens New Office In Angola

Posted: 20 Sep 2011 01:35 PM PDT

Information Technology (IT) giant IBM Corp. (NYSE:IBM) recently opened a new branch office at Luanda, Angola. This follows the branch openings at Dar es Salaam, Tanzania and Dakar, Senegal, in the first half of 2011.
The Luanda office is a part of IBM’s central Africa operations and will complement IBM’s other branch offices in the region. The branch office will enable IBM to deliver solutions and services to its growing clientele in the region.
IBM already serves a number of clients in key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agnico Agrees To Acquire Grayd

Posted: 20 Sep 2011 01:35 PM PDT

Agnico-Eagle Mines Ltd. (NYSE:AEM) agreed to acquire Grayd Resource Corporation (Grayd) in a deal valued at approximately US$275 million, giving the Canadian gold producer an early stage project in Mexico.
Agnico-Eagle will offer Grayd shareholders a combination of cash and shares valued at US$2.80 per Grayd share. The offer for Grayd, will give shareholders the option to receive either US$2.80 in cash or 0.04039 of an Agnico-Eagle share and five cents in cash, subject to a maximum cash payout of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Edges Lower As Growth Concerns Weigh

Posted: 20 Sep 2011 01:32 PM PDT

By ForexMansion.com
Forexpros – The Australian dollar edged lower against its U.S. counterpart on Wednesday, amid concerns over the outlook for global growth and speculation that the Federal Reserve will unveil fresh stimulus measures.
AUD/USD hit 1.0234 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0267, slipping 0.09%.
The pair was likely to find support at 1.0166, the low of September 19 and resistance at 1.0345, the high of September 15.
On Tuesday, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 20 Sep 2011 01:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Building Permits.

EUR/USD was trading at 1.3689, up 0.01% at time of writing.

The pair was likely to find support at 1.3587, Monday's low, and resistance at 1.3937, Thursday's high.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

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

U.S. Markets Mixed At Close; Dow Jones Up 0.07%

Posted: 20 Sep 2011 01:15 PM PDT

Forexpros – U.S. stocks were mixed after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.07%, the S&P 500 index shed 0.17%, while the Nasdaq 100 index declined 0.56%.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

Analysts had expected the number of building permits issued to fall to 0.59M last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Mixed Ahead Of Fed; Nikkei Adds 0.23%

Posted: 20 Sep 2011 01:02 PM PDT

By ForexMansion.com
Forexpros – Asian stock markets were mixed in choppy trade on Wednesday, amid concerns over the outlook for global growth, while investors awaited the outcome of the Federal Reserve's monetary policy meeting later in the day.
During late Asian trade, Hong Kong's Hang Seng Index slumped 0.5%, Australia's ASX/200 Index rose 0.75%, while Japan's Nikkei 225 Index edged 0.23% higher.
The International Monetary Fund downgraded its global growth outlook for 2012 to 4% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Slips As Fed Meeting In Focus

Posted: 20 Sep 2011 01:02 PM PDT

By ForexMansion.com
Forexpros – The euro slipped against the U.S. dollar on Wednesday, touching a daily low as investors awaited the outcome of the Federal Reserve policy setting meeting later in the day.
EUR/USD hit 1.3679 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3679, slipping 0.14%.
The pair was likely to find support at 1.3592, Monday's low and resistance at 1.3782, the high of September 14.
Late Tuesday, Greek Finance Minister Evangelos Venizelos … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Installs First AEHF

Posted: 20 Sep 2011 01:00 PM PDT

Raytheon Company (NYSE:RTN) has installed the first Advanced Extremely High Frequency ("AEHF") Secure Mobile Anti-jam Reliable Tactical Terminal ("SMART-T") satellite communications solution at the U.S. armed services' tactical units.
Raytheon plans to install approximately 364 AEHF SMART-T terminals for the U.S. armed services. Additionally, the company plans to install 19 systems in Canada and 7 in the Netherlands through 2015.
The Raytheon AEHF SMART-T will enhance the data rate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AstraZeneca Initiated At Neutral

Posted: 20 Sep 2011 01:00 PM PDT

We are initiating coverage on AstraZeneca (NYSE:AZN) with a Neutral recommendation and a target price of $47.00.
AstraZeneca, headquartered in London, UK, is one of the largest biopharmaceutical companies in the world. AstraZeneca's business can be broken down into separate lines based on therapeutic classes. These include: gastrointestinal, cardiovascular, respiratory and inflammation, oncology, neuroscience, infection and other.
The company's key products include Crestor (cholesterol … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSC Unveils App For Exceed Billing

Posted: 20 Sep 2011 01:00 PM PDT

Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has unveiled a new software-as-a-service (SaaS) platform for its flagship Exceed Billing application. The latest innovation aims at speeding up the billing process for insurance carriers, thereby reducing their operational and implementation costs.
Computer Sciences asserts that the SaaS version of Exceed Billing will aid carriers of all sizes in deploying the service securely and implementing the application throughout their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 20 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Building Permits.

GBP/USD was trading at 1.5732, up 0.16% at time of writing.

The pair was likely to find support at 1.5634, Monday's low, and resistance at 1.5869, Thursday's high.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

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

Gilead’s 2nd Quad Trial Meets Goal

Posted: 20 Sep 2011 12:35 PM PDT

Gilead Sciences Inc.'s (NASDAQ:GILD) HIV franchise kept up its string of success with the pipeline HIV combination pill Quad meeting the primary endpoint in a second late stage clinical trial (Study 103). The much anticipated Quad pill is a combination of Gilead's pipeline candidate elvitegravir and cobicistat (GS 9350) and its marketed HIV drug Truvada.
Study 103 (n=708) compared Quad to a combination of ritonavir boosted Reyatazand Truvada. While Reyataz is marketed by Bristol Myers Squibb … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northrop Assists BAE In Key Deal

Posted: 20 Sep 2011 12:35 PM PDT

Northrop Grumman Corporation (NYSE:NOC) and BAE Systems Inc. have entered into an exclusive strategic partnership to replace the aging T-38 trainer for the U.S. Air Force's "T-X" program. The T-38 trainer is planned to be replaced by BAE Systems' Hawk Advanced Jet Training System ("AJTS").
BAE Systems will serve as the primary partner in this program. However, Northrop Grumman will act as the manufacturing partner for the new Hawk aircraft. Overall, the team will apply its expertise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PNC Financial Sells Senior Notes

Posted: 20 Sep 2011 12:35 PM PDT

Last week, PNC Funding Corporation, a unit of PNC Financial Services Group Inc. (NYSE:PNC), announced the sale of 5-year senior notes with a maturity value of $1.25 billion. PNC Financial sold the notes at a coupon rate of 2.7% and an issue price of $99.879.
The notes will mature on September 19, 2016, yielding 2.726% with spread of 185 basis points higher than Treasuries. The interest will be paid semi-annually, with the first payment due on March 19, 2012.
The new notes has been rated A3 by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 20 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Tuesday after the release of U.S. data on Building Permits.

USD/CHF was trading at 0.8890, up 0.79% at time of writing.

The pair was likely to find support at 0.8648, Thursday's low, and resistance at 0.8922, today's high.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

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

Forex – USD/CAD Up In U.S. Trade

Posted: 20 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of U.S. data on Housing Starts.

USD/CAD was trading at 0.9926, up 0.18% at time of writing.

The pair was likely to find support at 0.9780, Friday's low, and resistance at 0.9950, Thursday's high.

Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.57M last month, from 0.60M in the preceding month.

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

EUR/USD Down During The Asian Session

Posted: 20 Sep 2011 12:02 PM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Wednesday.
EUR/USD was trading at 1.3694, down 0.06% at time of writing.
The pair was likely to find support at 1.3587, Monday's low, and resistance at 1.3882, Friday's high.
Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8711 and EUR/JPY falling 0.17% to hit 104.57.
Forexpros

About ForexMansion.com:

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

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

Posted: 20 Sep 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Housing Starts.

EUR/USD was trading at 1.3679, down 0.06% at time of writing.

The pair was likely to find support at 1.3587, Monday's low, and resistance at 1.3937, Thursday's high.

Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.57M last month, from 0.60M in the preceding month.

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

GBP/USD Down In Asian Trade

Posted: 20 Sep 2011 11:32 AM PDT

By ForexMansion.com
Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday.
GBP/USD was trading at 1.5728, down 0.05% at time of writing.
The pair was likely to find support at 1.5634, Monday's low, and resistance at 1.5841, Friday's high.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8712 and GBP/JPY falling 0.19% to hit 120.07.
Forexpros

About ForexMansion.com:

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

Forex – Dollar Mixed In Mid-day Asian Trade

Posted: 20 Sep 2011 09:33 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The U.S. dollar was lower against its major counterparts in Asian trade Wednesday, as dealers await the outcome of the U.S. Federal Reserve's Open Market Committee meeting and possible signs of a liquidity boost for the U.S. economy.
In mid-day Asian trade, the greenback was lower against the euro, with EUR/USD gaining 0.10% to hit 1.3716.
The U.S. Federal Reserve's Open Market Committee began its two-day policy meeting where market watchers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Lower In Mid-day Asian Trade

Posted: 20 Sep 2011 08:32 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian Wednesday, as dealers await the outcome of a meeting of U.S. Federal Reserve officials and possible signs of further steps from the Fed to boost the ailing economy.
In mid-day Asian trade USD/JPY hit 76.12, the pair's lowest since August 19; the pair subsequently consolidated at 76.36, falling 0.12%.
The pair was likely to find support at 75.97, the low of August 19, and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Gain In Early Trade; Nikkei Adds 0.2%

Posted: 20 Sep 2011 08:02 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – Asian stocks moved marginally higher in Wednesday trade, on optimism for progress on Greece's debt crisis as well as prospects for economic stimulus from the U.S. Federal Reserve.
During early Asian trade, Hong Kong's Hang Seng Index gained 0.51% to 19,014.80, Japan's Nikkei 225 Index rose 0.2% to 8,739.04, while Australia's S&P/ASX 200 slipped 0.17% to 4,033.50.
Along with the Nikkei, the broader-based Topix Index of all issues listed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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