Thursday, September 22, 2011

DailyMarkets.com - RXi Licenses Novel, Targeted Cancer Vaccine For Gynecological Cancers

DailyMarkets.com - RXi Licenses Novel, Targeted Cancer Vaccine For Gynecological Cancers


RXi Licenses Novel, Targeted Cancer Vaccine For Gynecological Cancers

Posted: 22 Sep 2011 07:35 AM PDT

RXi Licenses Novel, Targeted Cancer Vaccine for Gynecological Cancers
Grant Zeng, CFA

On September 21, 2011, RXi Pharmaceuticals Corporation (RXII) announced that it has  licensed worldwide rights to develop and commercialize a Folate Binding Protein-E39 (FBP) targeted vaccine to prevent recurrence in gynecological cancers such as ovarian and endometrial adenocarcinomas. The FBP vaccine was licensed from The University of Texas M D Anderson Cancer Center and Henry M. Jackson Foundation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FactSet Beats By A Penny

Posted: 22 Sep 2011 07:35 AM PDT

FactSet Research (NYSE:FDS) reported fourth quarter 2011 earnings per share (EPS) of 96 cents, exceeding the Zacks Consensus Estimate by a penny.
Revenue
The company reported total revenue of $191.9 million in the fourth quarter of 2011, up 14.1% from $168.2 million delivered in the year-ago quarter, mainly attributed to the improvement in the annual subscription value and client count.
U.S.revenues expanded 15.0% year over year to $132.0 million. Non-U.S revenues rose 12% year over year to $60 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Best Buy

Posted: 22 Sep 2011 07:35 AM PDT

Best Buy Company, Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, recently posted weaker-than-expected second-quarter fiscal 2012 results, as global economic unrest and cautious consumer behavior weighs on it.
Street analysts had over a week to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts as well as the Zacks Rank and long-term recommendation for the stock.
Last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Trims Losses, Off 8-month Low

Posted: 22 Sep 2011 07:20 AM PDT

Forexpros – The euro trimmed losses against the U.S. dollar on Thursday, pulling away from an eight-month low after falling sharply earlier amid concerns over the outlook for global economic growth.

EUR/USD pulled back from 1.3386, the pair's lowest since January 19, to hit 1.3455 during U.S. morning trade, still down 0.86%.

The pair was likely to find support at 1.3386, the days low and resistance at 1.3600, the days high.

Risk appetite crumbled after the Federal Reserve warned of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Back And Forth

Posted: 22 Sep 2011 07:15 AM PDT

The 1.3407 level held on the dip lower (50% of the move up from June 2010 low) and the market moved right up to the intraday resistance against the 1.3478 area (100 bar MA on 5 minute, 50% of leg down, highs from chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Apache Rides Egyptian Successes

Posted: 22 Sep 2011 07:05 AM PDT

U.S. energy firm Apache Corp. (APA) announced two new oil discoveries in Egypt's Western Desert, building on the integrated energy company's leading position in this hydrocarbon-rich area.
The latest finds – Tayim South 1-X in the Faghur basin play and AG-90 in the Abu Gharadig Field – flowed at a rate of 8,196 and 7,614 barrels of oil per day respectively. The AG-90 development well also logged 1.5 million cubic feet natural gas per day during a completion test. We believe that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Novartis Unveils Upbeat ACZ885 Data

Posted: 22 Sep 2011 07:05 AM PDT

Novartis (NYSE:NVS) recently presented positive data from a pivotal trial studying its drug ACZ885 for the treatment of systemic juvenile idiopathic arthritis (SJIA), the most severe form of arthritis in children.
The late stage trial (n=84) for SJIA met all the primary and secondary endpoints. Around 83.7% of the patients, between the ages 2 and 19 years, dosed with ACZ885 experienced at least a 30% improvement in symptoms versus 9.8% of those on placebo. Moreover, 32.6% of the patients saw a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures Extend Sharp Losses To 5-week Low

Posted: 22 Sep 2011 07:02 AM PDT

Forexpros – Crude oil futures extended sharp losses on Thursday, plunging to a five-week low as mounting fears over the global economic outlook sparked a broad-based selloff in risky assets.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD81.09 a barrel during U.S. morning trade, plunging 5.62%.

It earlier fell as much as 6.4% to trade at USD80.30 a barrel, the lowest price since August 19.

Concerns over the U.S. economic outlook … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDCHF Corrects To 100/200 Bar Area

Posted: 22 Sep 2011 06:50 AM PDT

Oracle Beats On Software Sales

Posted: 22 Sep 2011 06:35 AM PDT

Oracle Corp. (ORCL) reported modest first quarter 2012 results, with earnings of 46 cents per share beating the Zacks Consensus Estimate by two cents. Total revenue was slightly above the Zacks Consensus Estimate of $8.34 billion.
Earnings per share (excluding one-time items but including stock-based compensation expenses) increased 14.6% from 40 cents in the year-ago quarter. Excluding one-time items and stock-based compensation expenses, non-GAAP earnings came in at 48 cents per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Market News Briefs: Atlas Air Worldwide Holdings, Analogic, Alpha Natural Resources, General Mills, Goldman Sachs Group, Jefferies Group, Orexigen Therapeutics, Walter Industries

Posted: 22 Sep 2011 06:35 AM PDT

    General Mills (NYSE:GIS) posted Q1 EPS of $0.64, above the Zacks Consensus Estimate of $0.63 per share. Revenues for the quarter rose 9% year-over-year to $3.85 billion

    Share prices of Analogic Corp. (NASDAQ:ALOG) advanced 4.38% after the company reported fourth-quarter earnings that came in above market expectations

    Pharma-company Orexigen Therapeutics Inc.’s (NASDAQ:OREX) shares sky rocketed 48.98% to close at $2.19 after the drug developer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: KB Home

Posted: 22 Sep 2011 06:35 AM PDT

KB Home (NYSE:KBH) announced that it would release its results for the third quarter of fiscal 2011 that ended on August 31, 2011 before the market opens on September 23, 2011.
Los Angeles, California-based KB Home realized an adjusted net loss of 43 cents in the second quarter of fiscal 2011, much wider than the Zacks Consensus Estimate of a loss of 32 cents per share. In the upcoming quarter, the Zacks Consensus Estimate for KB Home is pegged at a loss of 17 cents per share, reflecting an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth Worries Take Center Stage

Posted: 22 Sep 2011 06:35 AM PDT

The Fed came through as expected, but the markets seemed unimpressed. In fact, the markets appear to have been spooked by the Fed’s action. Overnight reports about manufacturing weakness in China and Europe add to concerns about the U.S. growth outlook from the Fed statement.

The fear is that all the major global economies are slowing down in a synchronized fashion. Having spent pretty much all of its firepower already, there is little that Fed could do in the face of such a development.

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


Forex Trading: EURUSD Squeezed Higher. 1.3473-78 Upside Target Now

Posted: 22 Sep 2011 06:34 AM PDT

There was a report that the Fed may cut the rate of FX swap lines to Europe which the market interpreted as dollar bearish (or perhaps it was looking for an excuse to move higher?). In any case, the price moved higher and is testing the high for NY, the 50% of the most recent leg lower and the trendline off the high from yesterday at the 1.3473-78 area. A break above this level opens another door for more breathing room to the upside.
 
On the downside, the 1.3408 level is the 50% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Rallies To 11-month High On Dim Global Outlook

Posted: 22 Sep 2011 06:30 AM PDT

Forexpros – The U.S. dollar rallied to an 11-month high against its Canadian counterpart on Thursday, climbing above parity as mounting fears over the global economic outlook dampened the appeal of growth-linked currencies.

USD/CAD hit 1.0360 during U.S. morning trade, the highest since October 19, 2010; the pair subsequently consolidated at 1.0302, surging 2.2%.

The pair was likely to find support at 0.9908, Wednesday's low and short-term resistance at 1.0373, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Verizon To Unveil HTC Rhyme Phone

Posted: 22 Sep 2011 06:05 AM PDT

Verizon  Communications (NYSE:VZ) is set to attract customers with its upcoming smartphone–– Rhyme. This new HTC smartphone will be launched across Verizon's network on September 29 and will be available at $199.
Rhyme is designed to cater to the trend-savvy youth who care more about the look of their smartphone than its technical features. Rhyme will come in three shades of purple, a 3.7-inch display, 5-megapixel camera and fast and easy downloading features. An luminescent purple … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NeuroMetrix Ships DPN Test

Posted: 22 Sep 2011 06:05 AM PDT

Nerve testing devices maker NeuroMetrix (NUROD) has commenced the commercial shipments of its NC-stat DPNCheck test. The company launched the test at the annual conference of the American Diabetes Association ("ADA") in San Diego, California, in July 2011.
The Massachusetts-based company noted that the NC-stat DPNCheck has been shipped primarily to endocrinologists and podiatrists who have chosen a thirty-day product evaluation to review its role in diabetes management. NeuroMetrix has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Thoughts On Taxes: IRS Tax Rates Are Not Binding And Buffett’s Tax Situation Is An Extreme Outlier

Posted: 22 Sep 2011 05:52 AM PDT

Here’s a thought on taxes: Perhaps it receive greater attention that the statutory IRS tax rates at any given time are not legally-binding, maximum tax rates, it’s more the case that the IRS rates are the legally-required minimum tax rates enforced by the IRS.  Advocates of higher tax rates like Warren Buffett seem to feel constrained by the current tax code, as if the current tax rates are legally-binding maximum rates, when that is not the case.  Maybe the IRS should clarify that it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Canada Core Retail Sales Unexpectedly Flat In July

Posted: 22 Sep 2011 05:46 AM PDT

Forexpros – Core retail sales in Canada were unexpectedly flat in July, official data showed on Thursday.

In a report, Statistics Canada said core retail sales, which exclude automobile sales, were flat in July, confounding expectations for a 0.2% gain.

June's figure was revised to a flat reading from a previous reported decline of 0.1%.

Retail sales fell by a seasonally adjusted 0.6% in July, worse than the expected 0.3% decline. June's figure was revised up to a gain of 0.8% from a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Futures Tumble In Wake Of Fed Warning; Dow Plunges 2.6%

Posted: 22 Sep 2011 05:40 AM PDT

Forexpros – U.S. stock futures pointed to a sharply lower open on Thursday, tracking global equities lower as mounting fears over the global economic outlook sparked a broad-based selloff in risky assets.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 2.6%, S&P 500 futures signaled a drop of 2.9%, while the Nasdaq 100 futures indicated a 2.5% decline.

Concerns over the U.S. economic outlook intensified after the Federal Reserve warned of "significant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ABB Builds PV Plants In S. Africa

Posted: 22 Sep 2011 05:35 AM PDT

ABB Ltd. (NYSE:ABB) has entered into a contract to build two solar photovoltaic (PV) power plants for South Africa's national electricity provider, Eskom. The plants, each of one hectare, will be situated on greenfield sites next to the coal-fired power stations at Lethabo, in the Free State province, and at Kendal in the Mpumalanga province. These solar power plants are the first of its kind in South Africa.
The solar PV power plant at Kendal will be of a fixed tilt type with a planned capacity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Newmont Boosts Gold Price Dividend Link

Posted: 22 Sep 2011 05:35 AM PDT

Gold producer Newmont Mining Corporation (NYSE:NEM) refined its policy for making dividend payments based upon the price of gold, as the value of the precious metal continues to climb. In April 2011, the company unveiled a plan to base its dividend payments on gold prices.
Under the new policy, Newmont’s dividend payments will continue to be linked to changes in the price of gold, yet will now allow for an additional 7.5 cents a share when Newmont’s realized gold price for a quarter exceeds $1,700 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Initial Jobless Claims Fall Less-than-expected

Posted: 22 Sep 2011 05:34 AM PDT

Forexpros – The number of people who filed for unemployment assistance in the U.S. last week declined less-than-expected, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 16 fell by 9,000 to a seasonally adjusted 423,000, falling short of expectations for a decline to 420,000.

The previous week's figure was revised up to 432,000 from 428,000.

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


Nostradamus Does Not Work Here, But – UPDATE

Posted: 22 Sep 2011 05:32 AM PDT

Ok time to blow our trumpet on a huge winner. Cycles score big again!

Remember this post : The Austalian economy is in the long drop on the JULY 17 2011

We said …”We believe the next big winner is SHORT the AUDUSD or Aussie dollar ETF (FXA). The long term cycle is ripe for roll over.”…

As I write this the AUDUSD is off 10 cents, in the currency world that is billions of profits made. From a high of 1.10 to currently 1.00. With more to go. Sell any bounce.

Sure it may bounce, but ONLY … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Sharply Higher On Risk Aversion

Posted: 22 Sep 2011 05:02 AM PDT

Forexpros – The U.S. dollar remained sharply higher against almost all of its major counterparts on Thursday, as the Federal Reserve's gloomy outlook for the U.S. economy sparked a sell-off of riskier assets.

During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 0.81% to hit 1.3461.

Earlier in the day, data showed that German manufacturing output fell to a 24-month low in September, while manufacturing activity in the euro zone slumped to the lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD At 8-1/2 Month Low In Risk-off Trade

Posted: 22 Sep 2011 04:52 AM PDT

Forexpros – The pound extended losses against the U.S. dollar on Thursday, falling to an eight-and-a-half month low after the Federal Reserve warned of significant weakness in the U.S. economy, prompting investors to dump riskier assets.

GBP/USD hit 1.5398 during European afternoon trade, the pair's lowest since January 7; the pair subsequently consolidated at 1.5419, shedding 0.50%.

Cable was likely to find support at 1.5349, the low of December 29 and resistance at 1.5518, the day's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil, Gold Decline As Federal Reserve Disappoints QE3 Hopes

Posted: 22 Sep 2011 04:39 AM PDT

Talking Points

Crude Oil Sinks Along with S&P 500, More Weakness Likely Ahead
Gold Falls as Measured FOMC Outcome Saps Inflation Hedge Demand

WTI Crude Oil (NY Close): $85.92 // -1.00 // -1.15%
As we discussed yesterday, the Federal Reserve's decision not to expand its balance sheet in favor of the so-called "Operation Twist" has weighed heavily on growth-sensitive assets and is pressuring crude oil prices lower by extension. S&P 500 stock index futures are pointing aggressively … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Extends Losses, Tumbles To 7-month Low

Posted: 22 Sep 2011 04:13 AM PDT

Forexpros – The euro extended losses against the U.S. dollar on Thursday, tumbling to a seven-month low as investors shunned riskier assets after weak euro zone data added to concerns over a slowdown in global growth.

EUR/USD hit 1.3426 during European early afternoon trade, the pair's lowest since February 14; the pair subsequently consolidated at 1.3434, tumbling 1.03%.

The pair was likely to find support at 1.3252, the low of February 14 and resistance at 1.3600, the day's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Soybean Futures Fall To 6-week Low As Dire Global Outlook Weighs

Posted: 22 Sep 2011 03:59 AM PDT

Forexpros – Soybean futures were down for down for a fourth day on Thursday, tumbling to a six-week low as mounting concerns over the global economic outlook prompted investors to shun riskier assets.

On the Chicago Mercantile Exchange, soybean futures for November delivery traded at USD12.9688 a bushel during European morning trade, dropping 1.92%.

It earlier fell as much as 2.3% to trade at USD12.9138 a bushel, the lowest price since August 11.

At the conclusion of its two-day Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Rallies To 6-month High Against Swiss Franc

Posted: 22 Sep 2011 03:46 AM PDT

Forexpros – The U.S. dollar rallied to a six-month high against the Swiss franc on Thursday, after the Federal Reserve warned about “significant downside risks” to the U.S. economy, spurring a flight to safety.

USD/CHF hit 0.9179 during European morning trade, the pair's highest since April 8; the pair subsequently consolidated at 0.9174, jumping 1.94%.

The pair was likely to find support at 0.8975, the day's low and resistance at 0.9294, the high of April 6.

After its policy meeting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Copper Futures Tumble To 12-month Low On U.S., China Outlook

Posted: 22 Sep 2011 03:30 AM PDT

Forexpros – Copper futures plunged to the lowest level since September 2010 on Thursday, as the Federal Reserve's grim outlook for the U.S. economy and downbeat Chinese manufacturing data raised concerns over a slowdown in global demand.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.568 a pound during European morning trade, tumbling 3.45%.

It earlier fell as much as 3.89% to trade at USD3.553 a pound, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


USD/CAD Rallies To 11-month High On Dim Global Outlook

Posted: 21 Sep 2011 07:33 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar rallied to an 11-month high against its Canadian counterpart on Thursday, climbing above parity as mounting fears over the global economic outlook dampened the appeal of growth-linked currencies.
USD/CAD hit 1.0360 during U.S. morning trade, the highest since October 19, 2010; the pair subsequently consolidated at 1.0302, surging 2.2%.
The pair was likely to find support at 0.9908, Wednesday's low and short-term resistance at 1.0373, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EURUSD: Resumes Weakness, Sees Further Bearish Momentum

Posted: 21 Sep 2011 07:07 PM PDT

By ForexMansion.com
EURUSD: The pair has broken below its key support at the 1.3491 level, its Sept 12'2011 low on the back of its Wednesday weakness. With that said EUR has resumed its medium term weakness started from the 1.4938 level and now looks to target its Feb'2011 low at 1.3245. However, its immediate challenge is to decisively breach the 1.3427 level and hold below it to trigger further weakness. Other supports are located at the 1.3088 level, its Jan 13'2011 low and the 1.3000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Initial Jobless Claims Fall Less-than-expected

Posted: 21 Sep 2011 07:02 PM PDT

By ForexMansion.com
Forexpros – The number of people who filed for unemployment assistance in the U.S. last week declined less-than-expected, official data showed on Thursday.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 16 fell by 9,000 to a seasonally adjusted 423,000, falling short of expectations for a decline to 420,000.
The previous week's figure was revised up to 432,000 from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Canada Core Retail Sales Unexpectedly Flat In July

Posted: 21 Sep 2011 07:02 PM PDT

By ForexMansion.com
Forexpros – Core retail sales in Canada were unexpectedly flat in July, official data showed on Thursday.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, were flat in July, confounding expectations for a 0.2% gain.
June's figure was revised to a flat reading from a previous reported decline of 0.1%.
Retail sales fell by a seasonally adjusted 0.6% in July, worse than the expected 0.3% decline. June's figure was revised up to a gain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Futures Tumble In Wake Of Fed Warning; Dow Plunges 2.6%

Posted: 21 Sep 2011 07:02 PM PDT

By ForexMansion.com
Forexpros – U.S. stock futures pointed to a sharply lower open on Thursday, tracking global equities lower as mounting fears over the global economic outlook sparked a broad-based selloff in risky assets.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 2.6%, S&P 500 futures signaled a drop of 2.9%, while the Nasdaq 100 futures indicated a 2.5% decline.
Concerns over the U.S. economic outlook intensified after the Federal Reserve warned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Sharply Higher On Risk Aversion

Posted: 21 Sep 2011 06:33 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar remained sharply higher against almost all of its major counterparts on Thursday, as the Federal Reserve's gloomy outlook for the U.S. economy sparked a sell-off of riskier assets.
During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 0.81% to hit 1.3461.
Earlier in the day, data showed that German manufacturing output fell to a 24-month low in September, while manufacturing activity in the euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GBP/USD At 8-1/2 Month Low In Risk-off Trade

Posted: 21 Sep 2011 06:02 PM PDT

By ForexMansion.com
Forexpros – The pound extended losses against the U.S. dollar on Thursday, falling to an eight-and-a-half month low after the Federal Reserve warned of significant weakness in the U.S. economy, prompting investors to dump riskier assets.
GBP/USD hit 1.5398 during European afternoon trade, the pair's lowest since January 7; the pair subsequently consolidated at 1.5419, shedding 0.50%.
Cable was likely to find support at 1.5349, the low of December 29 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Standard & Poor’s Keeps Its Promise

Posted: 21 Sep 2011 05:55 PM PDT

By ForexMansion.com
RoyalMaxBrokers experts report today that ratings agency Standard & Poor's has lowered Italy's credit rating. The main reason for the downgrade was the sharp slowdown in the country's economy and the unstable political system, under which the country is unlikely to succeed in lowering its debt, the second largest in Europe. The rating was lowered from A+ to A with a negative future outlook. This means that a downgrade of its sovereign rating is very likely sometime … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oracle’s Q2 Profit Exceeds Analysts’ Expectations

Posted: 21 Sep 2011 05:54 PM PDT

By ForexMansion.com
The company Oracle (ORCL) reported that their profit exceeded analysts' predictions despite the fact that the company increased expenses on software creation – databases and applications that are helping it run its business. Oracle's first quarter profit, excluding some points of the financial report, was 48 cents per share, exceeding the average prediction of 47 cents per share. Sales increased 12% to $8.37 billion, coinciding with analysts' predictions.
Oracle's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EUR/USD Extends Losses, Tumbles To 7-month Low

Posted: 21 Sep 2011 05:32 PM PDT

By ForexMansion.com
Forexpros – The euro extended losses against the U.S. dollar on Thursday, tumbling to a seven-month low as investors shunned riskier assets after weak euro zone data added to concerns over a slowdown in global growth.
EUR/USD hit 1.3426 during European early afternoon trade, the pair's lowest since February 14; the pair subsequently consolidated at 1.3434, tumbling 1.03%.
The pair was likely to find support at 1.3252, the low of February 14 and resistance at 1.3600, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Rallies To 6-month High Against Swiss Franc

Posted: 21 Sep 2011 05:02 PM PDT

By ForexMansion.com
Forexpros – The U.S. dollar rallied to a six-month high against the Swiss franc on Thursday, after the Federal Reserve warned about "significant downside risks" to the U.S. economy, spurring a flight to safety.
USD/CHF hit 0.9179 during European morning trade, the pair's highest since April 8; the pair subsequently consolidated at 0.9174, jumping 1.94%.
The pair was likely to find support at 0.8975, the day's low and resistance at 0.9294, the high of April 6.
After … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Soybean Futures Fall To 6-week Low As Dire Global Outlook Weighs

Posted: 21 Sep 2011 05:02 PM PDT

By ForexMansion.com
Forexpros – Soybean futures were down for down for a fourth day on Thursday, tumbling to a six-week low as mounting concerns over the global economic outlook prompted investors to shun riskier assets.
On the Chicago Mercantile Exchange, soybean futures for November delivery traded at USD12.9688 a bushel during European morning trade, dropping 1.92%.
It earlier fell as much as 2.3% to trade at USD12.9138 a bushel, the lowest price since August 11.
At the conclusion of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.K. CBI Industrial Order Expectations Worsen In September

Posted: 21 Sep 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – U.K. industrial order expectations fell more-than-expected in September, industry data showed on Thursday.
In a report, the Confederation of British Industry said its index of industrial order expectations declined to minus 9.0 in September, compared to reading of 1.0 in August.
Analysts had expected the index to decline to minus 5.0 in September.
On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Copper Futures Tumble To 12-month Low On U.S., China Outlook

Posted: 21 Sep 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – Copper futures plunged to the lowest level since September 2010 on Thursday, as the Federal Reserve's grim outlook for the U.S. economy and downbeat Chinese manufacturing data raised concerns over a slowdown in global demand.
On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.568 a pound during European morning trade, tumbling 3.45%.
It earlier fell as much as 3.89% to trade at USD3.553 a pound, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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