Wednesday, September 28, 2011

DailyMarkets.com - Rise Of Credit Cards: Is Cash Going Extinct?

DailyMarkets.com - Rise Of Credit Cards: Is Cash Going Extinct?

Rise Of Credit Cards: Is Cash Going Extinct?

Posted: 28 Sep 2011 07:35 AM PDT

Paying with cash is becoming less popular by the day, as we use debit and credit cards to pay for everything from a hotel room to buying gum at the corner store. According to the New York Times, in 2010, for the first time in 30 years, no new $10 bills were printed by the U.S. Treasury, and the amount of $5 and $1 bills printed was much lower than previous years.

It is clear that paying with plastic is more convenient when it comes to making purchases, as you don't have to stuff your … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Oscillating Back And Forth In Confined Range

Posted: 28 Sep 2011 07:12 AM PDT

The EURUSD is oscillating between  narrow support and resistance as the market consolidates. The hourly chart above outlines the levels to eye. On the topside the 1.3235 level is a trendline which connected highs going  back to September 15th. That line was broken to the upside today, but the price extension could not be sustained and the price subsequently moved lower.  This level will be eyed above with a break likely leading to further upside momentum.
On the downside the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The European Session

Posted: 28 Sep 2011 07:10 AM PDT

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

EUR/USD was trading at 1.3625, up 0.29% at time of writing.

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

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

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

Favorable Durable Goods Report

Posted: 28 Sep 2011 07:05 AM PDT

Stocks have been gaining ground all over again recently — up almost 4% in the last three days — even as tangible positive news has been hard to come by.

Optimism has been growing in recent days that the Europeans are finally moving toward a TARP-like solution to get a handle on their problems, but we have yet to see any official confirmation of those rumors and discussions. It is hard to envision the rally sustaining itself without fundamental support, though today’s favorable Durable Goods … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Noble Energy Chalks New Drill Plan

Posted: 28 Sep 2011 07:05 AM PDT

Noble Energy Inc. (NYSE:NBL) said it has chalked out a new drilling schedule for the three deepwater rigs drilling in the offshore Eastern Mediterranean, as its rig drilling at the Leviathan prospect needs repair. The company has reshuffled the drilling schedules of three rigs including Ensco Plc's (NYSE:ESV) Ensco 5006 (formerly called the Pride North America), Transocean Ltd's (RIG) Transocean Sedco Express and Noble Corporation's (NYSE:NE) Homer Ferrington, to ensure smooth and timely drilling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cliffs’ Biomass Plant Faces Closure

Posted: 28 Sep 2011 07:05 AM PDT

Mining company, Cliffs Natural Resources Inc. (NYSE:CLF) announced that it is seeking to sell and idle operations at its renewaFUEL biomass production facility in Michigan. The company will take a $30 million pretax charge, primarily non-cash, in the third quarter of 2011.
The plant in Marquette, Michigan, was built to produce high-energy, low-emission biofuel cubes from sustainably collected wood and agricultural feed stocks. Cliffs bought renewaFUEL in 2007. As per Cliffs, the plant has not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Back Above The 200 Hour MA At 0.8947

Posted: 28 Sep 2011 07:00 AM PDT

The USDCHF fell lower in London but found support against the low from yesterday (at 0.8923) and the 50% retracement level at the 0.8913 level.   The move lower today was able to breach below the close from yesterday at the 0.8956 level and the 200 hour MA at the 0.8947 level (currently – green line in the chart above).   The rebound higher in NY has the price currently just above these levels. Traders will want to see momentum higher from these points.
The price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down During The European Session

Posted: 28 Sep 2011 06:50 AM PDT

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

NZD/USD was trading at 0.7880, down 0.07% at time of writing.

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

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

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

Forex Trading: GBPUSD Stuck In A Narrow Range And Looking For A Break

Posted: 28 Sep 2011 06:40 AM PDT

The GBPUSD is trading in a narrow range today of around 72 pips from high to low. The current price is near the middle of the trading range and near the 100 and 200 bar MA levels (see chart above).  Those levels come in at the 1.5634-39  area. The close yesterday was 1.5631. The area between the 1.5631 to 39 area is the balance for bullish and bearish today.  Move above look for test and extension higher. Move below and look for an move toward the low and extension lower
On the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investors Remain Cautiously Optimistic As Europe Guides Sentiment

Posted: 28 Sep 2011 06:40 AM PDT

Fundamental Headlines
• Obama Jobs Plan May Prevent 2012 Recession – Bloomberg
• Greece to Face Inspectors, Merkel Hints at Bailout – Reuters
• Fed Officials Hit Road to Defend Latest Push – WSJ
• France Deepens Cuts to Tackle Deficit – WSJ
• German Ruling Coalition Faces Tricky Bailout Vote – WSJ
European Session Summary
After sharp rallies by higher yielding and riskier assets the past three days, market participants took a breather on Wednesday. Following a near-complete … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh & McLennan Unit Eyes Censeo

Posted: 28 Sep 2011 06:35 AM PDT

On Monday, Marsh & McLennan Companies Inc.'s (NYSE:MMC) subsidiary Mercer announced a deal for the acquisition of Censeo Corporation. The purchase deal is expected to be culminated by the end of October 2011. The financial and other terms of the deal were not disclosed.
Censeo is a well-known human resource consultancy company, which provides a variety of web-based products and services for selection, assessment and development of human resource. Among the company's main services is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up During The European Session

Posted: 28 Sep 2011 06:25 AM PDT

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

USD/CAD was trading at 1.0232, up 0.39% at time of writing.

The pair was likely to find support at 1.0144, Tuesday's low, and resistance at 1.0386, Monday's high.

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

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

AmerisourceBergen Acquires Again

Posted: 28 Sep 2011 06:16 AM PDT

AmerisourceBergen Corporation (NYSE:ABC) recently announced that it has agreed to acquire CVS Caremark Corporation's (NYSE:CVS) subsidiary TheraCom LLC, for $250 million. The acquisition is expected to close in the first quarter of fiscal 2012 for AmerisourceBergen, which ends on December 31, 2011. AmerisourceBergen expects this transaction to have no impact on fiscal 2012 earnings, but will be slightly accretive in fiscal 2013.
TheraCom provides a wide range of support to pharmaceutical and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Apple, Aruba Networks, Bunge Limited, Citigroup, Express Scripts, Flotek Industries, Maximus, Research In Motion Limited, Walgreen Company

Posted: 28 Sep 2011 06:16 AM PDT

    Rumors did the rounds that billionaire investor Carl Icahn might purchase a stake in Research In Motion Limited (NASDAQ:RIMM)

    According to reports, Apple Inc. (NASDAQ:AAPL) is expected to launch its latest iPhone on next Tuesday

    Walgreen Co. (NYSE:WAG) was one of the heaviest losers in the S&P 500 after it said that talks with Express Scripts Inc. (NASDAQ:ESRX) to renew a contract for providing prescriptions to the latter's customers had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Virgin Media To Enter Cloud Space

Posted: 28 Sep 2011 06:11 AM PDT

Virgin Media Inc. (NASDAQ:VMED), the British cable and telecom giant, is on the verge to enter cloud computing services for its business customers. The company's cloud services will be delivered through a virtual private data center that can be made operational within just 2 hours. To offer this innovative cloud computing, the company will utilize latest technologies of CenturyLink Inc. (NYSE:CTL), the third largest wireline operator in the U.S. telecom operator. The major new innovation of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Macy’s To Hire More For Holidays

Posted: 28 Sep 2011 06:11 AM PDT

Macy's Inc. (NYSE:M), one of the leading department store retailers in the United States, recently announced its plan to hire approximately 78,000 temporary staffs for the upcoming holiday season expecting incremental sales.
The recent announcement marks an increase of 4% from 75,000 staffs hired last year. The new joiners will supplement the operations at its stores, distribution and call centers, and online fulfillment centers.
Macy’s, which engages approximately 170,000 associates on a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up On Economic Data

Posted: 28 Sep 2011 05:45 AM PDT

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

EUR/USD was trading at 1.3619, up 0.24% at time of writing.

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

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

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

Core Durable Goods Orders Fall Unexpectedly

Posted: 28 Sep 2011 05:40 AM PDT

Forexpros – U.S. core durable goods orders fell unexpectedly last month, official data showed on Wednesday.

In a report, Census Bureau said that Core durable goods orders fell to a seasonally adjusted -0.1%, from 0.7% in the preceding month.

Analysts had expected Core durable goods orders to rise 0.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Heads Toward Intraday Support Areas

Posted: 28 Sep 2011 05:39 AM PDT

The EURUSD is moving down toward intraday support areas. On the hourly chart above the price has support against a trendline at the 1.3605 level. The 200 hour MA is at 1.3598
On the 5 minute chart below the 50% of the days trading range at the 1.36149 level, and 100 bar MA are at 1.3513 is attracting buyers/profit takers.  A move below the 1.3513 level should lead toward a test of the 1.3598 level.  The 200 bar MA (green line in the chart below) is at the the 1.3596 level and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jacobs’ JV Wins Contract

Posted: 28 Sep 2011 05:35 AM PDT

U.S.-based Jacobs Engineering Group Inc. (NYSE:JEC) announced that Jacobs Engineering SA (JESA), its joint venture with the Moroccan phosphate group OCP S.A (OCP), has been awarded engineering, procurement and construction management (EPCM) services contract for two fertilizer plants to be constructed in Jorf Lasfar, Morocco. The value of the contract has not been disclosed yet.
The deal involves construction of two integrated DAP/MAP (Diammonium and Monoammonium Phosphate) units of one million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FLIR Wins Order From Army

Posted: 28 Sep 2011 05:35 AM PDT

FLIR Systems Inc. (NASDAQ:FLIR) has been awarded a delivery order by the U.S. Army to provide Star SAFIRE® II stabilized multi-sensor systems worth $20.9 million. The system is being ordered to support the Army’s MEDEVAC program. This order is for the Army MEDEVAC UH-60 Blackhawk helicopters being used in Iraq and Afghanistan.
The order will be executed by FLIR from its facility in Wilsonville, OR and within the next twelve months all deliveries under the contract is expected to be completed. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 28 Sep 2011 05:00 AM PDT

Forexpros – The Euro was higher against the British Pound on Wednesday.

EUR/GBP was trading at 0.8714, up 0.30% at time of writing.

The pair was likely to find support at 0.8652, Monday's low, and resistance at 0.8793, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.37% to hit 1.3636 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Down During The European Session

Posted: 27 Sep 2011 08:03 PM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
NZD/USD was trading at 0.7880, down 0.07% at time of writing.
The pair was likely to find support at 0.7638, Monday's low, and resistance at 0.7958, Tuesday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Up During The European Session

Posted: 27 Sep 2011 07:33 PM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
USD/CAD was trading at 1.0232, up 0.39% at time of writing.
The pair was likely to find support at 1.0144, Tuesday's low, and resistance at 1.0386, Monday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Core Durable Goods Orders Fall Unexpectedly

Posted: 27 Sep 2011 07:03 PM PDT

By ForexMansion.com
Forexpros – U.S. core durable goods orders fell unexpectedly last month, official data showed on Wednesday.
In a report, Census Bureau said that Core durable goods orders fell to a seasonally adjusted -0.1%, from 0.7% in the preceding month.
Analysts had expected Core durable goods orders to rise 0.2% last month.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up On Economic Data

Posted: 27 Sep 2011 07:03 PM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
EUR/USD was trading at 1.3619, up 0.24% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.
Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/GBP Up During The European Session

Posted: 27 Sep 2011 06:03 PM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the British Pound on Wednesday.
EUR/GBP was trading at 0.8714, up 0.30% at time of writing.
The pair was likely to find support at 0.8652, Monday's low, and resistance at 0.8793, Friday's high.
Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.37% to hit 1.3636 and EUR/JPY falling 0.13% to hit 104.22.
Forexpros

About ForexMansion.com:

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

No comments:

Post a Comment