Thursday, September 29, 2011

DailyMarkets.com - Smith & Nephew Grows Portfolio

DailyMarkets.com - Smith & Nephew Grows Portfolio

Smith & Nephew Grows Portfolio

Posted: 29 Sep 2011 12:15 PM PDT

Leading medical devices maker Smith & Nephew (NYSE:SNN) strengthened its Arthroscopy franchise with the launch of Dyonics Platinum Series Shaver Blades.The Dyonics Incisor Plus Platinum 4.5 mm Blade and Dyonics Bonecutter Platinum 5.5 mm blades are the first in the 18-blade family to incorporate the company's Platinum technology.
The Dyonics Incisor Plus Platinum 4.5 mm Blade is designed to deal with knee procedures including anterior cruciate ligament (ACL) reconstruction and complex … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Surgical Gloves From Cardinal

Posted: 29 Sep 2011 12:15 PM PDT

Leading distributor of pharmaceuticals and medical supplies Cardinal Health (NYSE:CAH) recently revealed the commercialization of its latest Protexis Latex Hydrogel surgical gloves, which are powder-free, sterile latex surgical gloves with a coating of hydrogel.
The company has given the brand name, Protexis, to its range of surgical gloves. According to Cardinal Health, its latest Protexis brand reflects its commitment to bring to market expertise and protection that clinicians can depend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Essex Expands In Washington

Posted: 29 Sep 2011 12:05 PM PDT

Essex Property Trust, Inc (ESS)., recently announced that it has acquired two apartment communities named as The Bernard and Redmond Hill located in Seattle and Redmond, Washington, respectively.
Redmond Hill is a group of four communities and consists of 882 units. The company acquired these properties through its joint venture with Wesco I, LLC for $151.3. The properties will be consolidated into two separate communities and will possess the strength of local technology coupled with superior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valeant Pharma Offer Tops Paladin’s

Posted: 29 Sep 2011 12:05 PM PDT

Canadian drug maker Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently announced that it has raised its purchase offer for another Canadian company Afexa Life Sciences Inc. which it offered to buy in August 2011. Valeant Pharma has offered to pay $0.85 for each common share of Afexa, 20% more than the originally offered price of $0.71. The takeover price also outdoes Paladin Labs' $0.81 per share bid for Afexa. The increased offer is however subject to certain amendments to support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Sector Rotation

Posted: 29 Sep 2011 11:37 AM PDT

Cusick’s Corner
The market is holding up well into the Midday, and Financials, XLF +2.35%, are leading the way which highlights that there’s some sector rotation out of Tech into Financials. Energy, XLE +1.26%, and Industrials, XLI +1.61%, are all outperforming the S&Ps, SPY +.99%, which has given some spark to the bulls. I mentioned the Claims data yesterday and while the Initial Claims were lower, we are not seeing a continuing pullback at all which has the Consumer Discretionary Sector, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ultra Petroleum Stays ‘Neutral’

Posted: 29 Sep 2011 11:35 AM PDT

We have retained our Neutral recommendation on natural gas producer Ultra Petroleum Corp. (UPL).
Houston, Texas-based Ultra Petroleum is an independent energy firm engaged in the acquisition, development, exploration and production of oil and gas properties. The company's operations are focused on the Green River Basin in southwest Wyoming, mainly covering the Pinedale and the Jonah fields. Ultra also holds an impressive acreage in the north-central Pennsylvania area of the Appalachian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lawsuit Haunts BofA Again

Posted: 29 Sep 2011 11:35 AM PDT

Bank of America Corporation (NYSE:BAC) is yet again haunted by the legal complications. BofA is now facing a private lawsuit of $50 billion over its Merrill Lynch acquisition. Though the lawsuit is not new, a judge has allowed shareholders' claims to proceed recently in August.
The lawsuit was filed by a group of BofA shareholders, claiming that the company and its senior former and present executives (including former CEO Mr. Kenneth D. Lewis and CFO Mr. Joseph Price) failed to reveal that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On U.S. Data

Posted: 29 Sep 2011 11:15 AM PDT

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

AUD/USD was trading at 0.9718, down 0.63% at time of writing.

The pair was likely to find support at 0.9622, Monday's low, and resistance at 0.9986, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 391K last week from 428K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How We Got To 1.3% Growth, Pt. 2

Posted: 29 Sep 2011 11:05 AM PDT

(This is Part 2 of the “How We Got to 1.3% Growth” article. Part 1 can be found here.)

Government Spending

Government spending subtracted 0.16 (0.18, 0.23) points to growth in the second quarter, down from a 1.23 (1.20) point drag in the first quarter, and a 0.58 (0.34) point drag in the fourth quarter. I should point out that in the GDP accounts, it is only government consumption and investment that is counted as part of G. Transfer payments, such as Social Security and Medicare, are not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Darden Posts In Line, Retains Outlook

Posted: 29 Sep 2011 11:05 AM PDT

Darden Restaurants Inc (NYSE:DRI) posted first quarter 2012 earnings of 78 cents per share, in line with the Zacks Consensus Estimate, but down 3% from the year-ago quarter’s earnings of 80 cents. Hurricane Irene impacted the company's quarterly earnings by 2 cents.
Total revenue jumped 7.5% from the prior-year quarter to $1,942.0 million and also edged past the Zacks Consensus Estimate of $1,928.0 million. Combined same-store sales for the company's three core brands, Olive Garden, Red … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Panera Bread Remains Neutral

Posted: 29 Sep 2011 10:50 AM PDT

We remain Neutral on Panera Bread Co. (NASDAQ:PNRA) over the long term, based on second quarter 2011 earnings, the new menu offering and increased positive impact from My Panera loyalty card program. These were partially offset by high unemployment and faltering consumer confidence along with inflated commodity costs.
Panera has remained unruffled by the recent economic slowdown. The company has been able to grow its earnings per share over 20% since last couple of quarters. Its breakfast, lunch, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 29 Sep 2011 10:45 AM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on GDP.

NZD/USD was trading at 0.7664, down 1.34% 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 Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 1.3% in the last quarter from 1.0% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How We Got To 1.3% Growth, Pt. 1

Posted: 29 Sep 2011 10:30 AM PDT

This is essentially the same post as I put up on July 29th when the first cut at the GDP numbers for the second quarter came out. I have put the new, revised figures in bold. The original numbers (first release) are shown in regular font and the second look is in italics in parenthesis immediately after the new numbers. This will allow you to see just where the changes are coming from, as well as the differences from prior quarters. New commentary will also be in bold.

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

Novartis Presents Afinitor Data

Posted: 29 Sep 2011 10:30 AM PDT

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

Bristol-Myers Evenly Poised

Posted: 29 Sep 2011 10:30 AM PDT

We are maintaining our Neutral recommendation on Bristol-Myers Squibb Company (NYSE:BMY) with a target price of $33.00.
Bristol-Myers is a major producer and distributor of pharmaceuticals and other healthcare related products. The company, which was formerly known as Bristol-Myers Company, changed its name to Bristol-Myers Squibb Company in 1989. The company, founded in 1887, is headquartered in New York.
Bristol-Myers manufactures and sells branded pharmaceutical drugs such as Baraclude, for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Still In A Fear-based Market”

Posted: 29 Sep 2011 10:20 AM PDT

09/29/11 Sunrise Securities’ Ben Willis discusses today’s equity market action, Euro zone developments and US economic data. Expectations for the end of the month and quarter are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Motorola Mobility Unveils 4G XOOM

Posted: 29 Sep 2011 10:05 AM PDT

Motorola Mobility Holdings Inc. (MMI) has finally launched its next-generation (4G) Long-Term Evolution (LTE) technology enabled XOOM tablet. This product was launched in mid-February 2011 with Verizon Wireless, a joint venture between Verizon Communications Inc. (NYSE:VZ) and Vodafone Group plc. (NYSE:VOD). Yesterday, Motorola Mobility and Verizon Wireless jointly announced that the existing XOOM owners will be able to upgrade their tablets to 4G LTE from September 29, 2011. The new 4G LTE XOOM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliant Sees Strong Order Flows

Posted: 29 Sep 2011 10:05 AM PDT

The Integrated Weapon Systems Division of Alliant Techsystems Inc. (NYSE:ATK) has received a contract for producing multiple variants of 20mm PGU-series ammunition. The contract awarded by the U.S. Army is worth over $58.7 million.
Under the contract, Alliant will produce a wide range of PGU-type ammunitions including PGU-27A/B Target Practice (TP), PGU-30A/B Target Practice-Tracer (TP-T), PGU-28A/B Semi-Armor Piercing High Explosive Incendiary (SAPHEI) ammunition, a PGU-28A/B SAPHEI and PGU-30A/B … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Mixed At Close; Dax Up 1.10%

Posted: 29 Sep 2011 10:05 AM PDT

Forexpros – European stocks were mixed after the closing bell on Thursday.

At the close of European trade, Germany's DAX rose 1.10%, London's FTSE 100 shed 0.40%, France's CAC 40 climbed 1.07% and the EURO STOXX 50 was up 1.64%.

Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -1.2% last month from -1.3% in the preceding month.

Analysts had expected Pending home sales to fall to -2.1% last month.

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

Forex Trading: EURUSD Tests 200 Hour MA. Looking For Profit Takers To Slow The Move Down

Posted: 29 Sep 2011 10:02 AM PDT

The EURUSD pushed lower and breached the NY low at the 1.3604 level. The price fall continued uptil the price reached the 200 hour MA at the 1.3576 level.  From that point, the profit takers/dip buyers entered and instantly pushed the price back toward the 1.3604 level.  A move above this level could solicit additional buying as the days choppiness is fresh in traders minds.  For the time being look for sellers against the level with tight stops above (above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up

Posted: 29 Sep 2011 10:00 AM PDT

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

GBP/USD was trading at 1.5633, up 0.37% at time of writing.

The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 391K last week from 428K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AXIS Enhances Product Offering

Posted: 29 Sep 2011 09:35 AM PDT

AXIS Global Accident & Health, a unit of AXIS Capital Holdings Limited (NYSE:AXS) inked a deal with red24 to provide the latter’s domestic and international emergency, kidnap consultancy and security services besides its accident and health insurance products, including business travel accident insurance.
red24 is a leading international risk management solutions provider.
The liaison with red24 will help AXIS Capital to promptly act and manage emergency situations. Also, red24's product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Initial Jobless Claims Plunge

Posted: 29 Sep 2011 09:15 AM PDT

Initial Claims for Unemployment Insurance plunged by 37,000 last week to 391,000. This was far better than the expected level of 419,000. Last week's numbers were revised upwards by 5,000, so one could see it as a decrease of 32,000. Either way, it is still a big and very unexpected drop.

Recently, initial jobless claims had seemed stuck once again in a trading range above the 400,000 level, after a brief period lower than that earlier this year. This 391,000 level is the lowest since the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investors Sue Gentiva

Posted: 29 Sep 2011 09:15 AM PDT

Investors of Gentiva Health Services Inc. (NASDAQ:GTIV) have filed two federal securities class action lawsuits against the company in a US District Court.
Yesterday, law firm Levi & Korsinsky filed a complaint on behalf of people who purchased Gentiva's stock between July 31, 2008 and July 20, 2010. On Monday, law firm Robbins Umeda LLP, which specializes in shareholders' rights litigation, filed a similar suit against the company.
The shareholders of Gentiva contend that the management of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taiwan Central Bank Holds Discount Rate At 1.875%

Posted: 29 Sep 2011 09:13 AM PDT

The Central Bank of the Republic of China (Taiwan) held its discount rate unchanged at 1.875% and the collateralized loan rate at 2.250% and the unsecured loans rate at 4.125%.  Bank Governor, Perng Fai-nan, said: ”A global slowdown and consumer prices stabilizing led to the decision,” and further noted “Taiwan’s imported inflation will cool as global prices ease in the next three months after peaking in the third quarter.”  Perng also noted on the recent deterioration … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Amerisafe, Inc. (AMSF)

Posted: 29 Sep 2011 09:05 AM PDT

Amerisafe, Inc.’s (NASDAQ:AMSF) second-quarter earnings lagged the Zacks Consensus Estimate substantially, due to high underwriting loss and reduced investment income coupled with higher expenses, which significantly deteriorated the combined ratio, operating cash flow and ROE.
The top-line growth was only cushioned by higher premiums written and earned as other revenue sources failed to showcase growth. Though the pricing environment has witnessed some improvement, the company is expected to face … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK Partners Guides Favorably

Posted: 29 Sep 2011 09:05 AM PDT

ONEOK Partners L.P. (NYSE:OKS) provided financial forecasts for fiscal 2012. The net income of the partnership for 2012 is expected to be in the range of $740 million to $800 million, an estimated growth of 20% from the current 2011 earnings guidance of $630 million to $660 million.
The strong performance in 2012 is expected to come in from the $2.7 billion to $3.3 billion, four-year growth program, which the partnership is going to place into service later in 2011 and in 2012.
Earnings in 2012 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Varian’s TrueBeam At ASTRO

Posted: 29 Sep 2011 09:05 AM PDT

Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) will be exhibiting the latest enhancements to its TrueBeam radiotherapy and radiosurgery system at the annual meeting of the American Society for Radiation Oncology ("ASTRO"), slated to be held in Miami Beach, Florida, from October 2-4.
The California-based company will showcase, during the ASTRO meet, the latest advancements to its TrueBeam system, including intrafraction motion review ("IMR"). IMR enables … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises, Dollar Slide On EFSF Extension And Jobless Claims Improvement

Posted: 29 Sep 2011 09:00 AM PDT

09/29/11 The euro has extended its rise against the dollar this afternoon after the German Parliament voted to extend the EFSF and after initial jobless claims improved to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Romania Central Bank Keeps Rate At 6.25%

Posted: 29 Sep 2011 09:00 AM PDT

The Banca Nationala a Romaniei kept its key monetary policy interest rate unchanged at 6.25%.  The Bank said: “Disinflation is expected to continue in the period ahead, so that annual inflation rate will near the target. The faster disinflation while keeping the monetary policy rate unchanged and amid a moderate leu exchange rate volatility translate into a tightening of real broad monetary conditions aimed at supporting the convergence of inflation towards the medium-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up At The End Of European Session

Posted: 29 Sep 2011 09:00 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3638, up 0.71% at time of writing.

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

Earlier in the day, official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 1.3% in the last quarter from 1.0% in the preceding quarter.

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

Lesson From An Intraday Creeper Trend Reversal On Divergences

Posted: 29 Sep 2011 08:55 AM PDT

Previously, I explained what a "Creeper Trend" is, how it develops, and – if you're willing to feel uncomfortable – how to trade it (it's not your typical trade set-up).
I wanted to follow-up that lesson with a great example of a "Creeper Trend" formation (trade entry), Trend Reversal (with excellent positive momentum divergence example), and re-formation of a Creeper Trend in the OPPOSITE direction.
While this is your standard "Trend Reversal" example, I wanted to take it a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUD/USD Consolidates But Still Bearish

Posted: 29 Sep 2011 08:46 AM PDT

AUD/USD (daily chart) as of Thursday (9/29/2011) has consolidated above key support in the 0.9700 price region. This occurs after price action dropped precipitously from its high just under 1.0800 in the beginning of the month. The month of September has shown a strong and steep bearish trend that has thus far culminated in an attempt to breakdown below 0.9700, but the pair has been unable to make a significant breach as of yet. But downside momentum for AUD/USD does not appear yet to be over. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up Toward The End Of European Session

Posted: 29 Sep 2011 08:40 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Pending Home Sales.

EUR/USD was trading at 1.3641, up 0.73% at time of writing.

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

Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -1.2% last month from -1.3% in the preceding month.

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

Crude Rises On EFSF Extension, Jobless Claims Improvement

Posted: 29 Sep 2011 03:00 AM PDT

09/29/11 Front month crude prices continued to rise this morning as an extension in EFSF funds and an improvement in jobless claims led to a rebound in risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rises On EFSF Extension, Jobless Claims Improvement

Posted: 29 Sep 2011 08:00 AM PDT

09/29/11 Front month crude prices continued to rise this morning as an extension in EFSF funds and an improvement in jobless claims led to a rebound in risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Parliament Voted To Expand The EFSF, The Troika Travels To Greece, & US Jobless Claims Improve

Posted: 29 Sep 2011 01:15 AM PDT

09/29/11 NYFP’s Morning Market Brief: The German Parliament votes in favor of expanding the EFSF, the troika returns to Greece to assess its financial progress, and jobless claims improve in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iomart Set To Beat Expectations As Hosting Market Booms

Posted: 29 Sep 2011 02:21 AM PDT

Iomart (LON:IOM), the company that hosts and manages the business-critical IT systems of its clients, is on course to beat market expectations of its financial performance this year. In an update ahead of its interim result, the company said that revenues and profits were so far significantly ahead of the comparative period last year.

Iomart is continuing to benefit from the growing trend of organisations seeking to reduce both operational risk and IT costs by moving their mission critical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Down During The U.S. Session

Posted: 29 Sep 2011 12:03 AM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on GDP.
NZD/USD was trading at 0.7664, down 1.34% 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 Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 1.3% in the last quarter from 1.0% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Mixed At Close; Dax Up 1.10%

Posted: 28 Sep 2011 11:32 PM PDT

By ForexMansion.com
Forexpros – European stocks were mixed after the closing bell on Thursday.
At the close of European trade, Germany's DAX rose 1.10%, London's FTSE 100 shed 0.40%, France's CAC 40 climbed 1.07% and the EURO STOXX 50 was up 1.64%.
Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -1.2% last month from -1.3% in the preceding month.
Analysts had expected Pending home sales to fall to -2.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Up

Posted: 28 Sep 2011 11:03 PM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
GBP/USD was trading at 1.5633, up 0.37% at time of writing.
The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, today's high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 391K last week from 428K in the preceding week whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up Toward The End Of European Session

Posted: 28 Sep 2011 10:02 PM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Pending Home Sales.
EUR/USD was trading at 1.3641, up 0.73% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, Wednesday's high.
Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -1.2% last month from -1.3% in the preceding month.
Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up At The End Of European Session

Posted: 28 Sep 2011 10:02 PM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on GDP.
EUR/USD was trading at 1.3638, up 0.71% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, Wednesday's high.
Earlier in the day, official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 1.3% in the last quarter from 1.0% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Up On U.S. Data

Posted: 28 Sep 2011 09:33 PM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Pending Home Sales.
USD/JPY was trading at 76.83, up 0.28% at time of writing.
The pair was likely to find support at 76.23, Monday's low, and resistance at 77.03, today's high.
Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -1.2% last month from -1.3% in the preceding month.
Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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