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- Time-Limited Offer: Citi Dividend World MasterCard $200 Cash Back Bonus
- Swiss Franc No Longer A “Safe Haven”!
- Wacky World Of Petroleum
- Crude Oil Futures Inch Higher Ahead Of Supply Data, Obama Speech
- Trichet Says Inflation Risks Are Balanced, Growth Risks Point To Downside
- FedEx Eyes Boeing Aircraft
- Pipeline Update At Dr. Reddy’s
- Stalking USD/CAD’s Corrective Channel
- AmerisourceBergen Buys IntrinsiQ
- Stock Market News Briefs: Citigroup, ChevronTexaco, FuelCell Energy, General Motors, Kraft Foods, Electro-Optical Sciences, Inc, NVIDIA, VASCO Data Security International, Yahoo!
- Mechel Forms Joint Venture
- Bernanke, Obama & Jobs
- Forex – USD/CAD Holds Gains After Flurry Of U.S., Canadian Data
- Euro Sinks On Trichet’s Dovish Commentary At ECB Press Conference
- Trichet Giving Euro-Bears A Run For Their Money
- Forex – EUR/JPY Nears 5-month Low After Trichet Remarks
- Canadian Building Permits Surge In July
- Prelim Results By Pall
- Vale Faces Trouble Oversees
- July Job Openings Highest In Three Years
- Canada Trade Deficit Narrows More-than-expected In July
- U.S. Trade Deficit Narrows More-than-expected In July
- U.S. Initial Jobless Claims Rise Unexpectedly
- U.S. Futures Extend Losses After Jobless Claims; Dow Sheds 0.5%
- Motorola Mobility Entered 4G Era
- Neutral On Research In Motion
- Crude Oil, Gold Outlook Rests On Bernanke Speech Amid QE3 Hopes
- Forex – Dollar Up Vs. Most Rivals As ECB’s Trichet In Focus
- European Central Bank Keeps Interest Rate At 1.50%
- Forex – EUR/GBP Extends Losses After BoE Keeps Policy Unchanged
- Stalking A Flag In AUD/NZD During A Bear Swing
- SM Prime Holdings, Inc. Awakens!
- Forex – GBP/USD Erases Losses After BoE Leaves Rate On Hold
- Bank Of England Holds Benchmark Interest Rate At 0.50%
- Forex – EUR/USD Lower As ECB Policy Meeting In Focus
- Wheat Futures Edge Higher As Dry Weather Threatens Crops
| Time-Limited Offer: Citi Dividend World MasterCard $200 Cash Back Bonus Posted: 08 Sep 2011 07:35 AM PDT Citi (NYSE:C) has just announced the launch of a new credit card that rewards you with $200 cash back and which will only be available for a limited time to readers of DailyMarkets.com – The Citi Dividend World MasterCard – $200 Cash Back. This MasterCard (NYSE:MA), which has no annual fee, gives you $200 cash back when you spend at least $500 within the first 3 months of card membership. With this Citi Dividend World MasterCard – $200 Cash Back, you will also earn 5% cash back on purchases … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Swiss Franc No Longer A “Safe Haven”! Posted: 08 Sep 2011 07:18 AM PDT Wednesday, September 7, 2011
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| Posted: 08 Sep 2011 07:18 AM PDT Thursday, September 8, 2011
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| Crude Oil Futures Inch Higher Ahead Of Supply Data, Obama Speech Posted: 08 Sep 2011 06:59 AM PDT Forexpros – Crude oil futures inched higher on Thursday, erasing earlier losses as markets awaited the release of government data on U.S. crude oil inventories, as well as highly-anticipated speeches from Federal Reserve Chairman Ben Bernanke and President Barack Obama. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD89.66 a barrel during U.S. morning trade, gaining 0.35%. It earlier fell as much as 0.9% to trade at a daily low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Trichet Says Inflation Risks Are Balanced, Growth Risks Point To Downside Posted: 08 Sep 2011 06:55 AM PDT The ECB statement and ECB President Trichet's press conference disappointed the markets by not embarking on any new easing facilities. They will remain committed to offering unlimited three-month loans to banks but did not go as far as increasing the maturity of any loans to six months or one year – something the markets had perhaps anticipated. Without that extra commitment the euro fell.
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| Posted: 08 Sep 2011 06:55 AM PDT FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, is mulling to buy freighters from The Boeing Co. (NYSE:BA) and Airbus to make its fleet more fuel efficient.
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| Pipeline Update At Dr. Reddy’s Posted: 08 Sep 2011 06:55 AM PDT Dr. Reddy's Laboratories (NYSE:RDY) recently announced the initiation of dosing of DRL-17822 in patients suffering from dyslipidemia. The drug is being studied for the prevention or treatment of dyslipidemia, atherosclerosis and associated cardiovascular disease.
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| Stalking USD/CAD’s Corrective Channel Posted: 08 Sep 2011 06:50 AM PDT USD/CAD The USD/CAD in the 1H chart is in a declining channel that so far is categorized as a correction, because the previous rally was a 5-wave rally, suggesting it was an impulse wave up.
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| AmerisourceBergen Buys IntrinsiQ Posted: 08 Sep 2011 06:36 AM PDT AmerisourceBergen Corporation (NYSE:ABC) has been on an acquisition spree as it recently announced the completion of the acquisition of IntrinsiQ LLC for $35 million in cash. AmerisourceBergen completed its second acquisition within a week, as the IntrinsiQ acquisition followed the successful completion of the Premier Source acquisition on Friday last week.
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| Posted: 08 Sep 2011 06:36 AM PDT Share prices of FuelCell Energy, Inc. (NASDAQ:FCEL) advanced 25.24% after the power plant maker’s sales figures came in above analysts’ average estimates According to a report by Citi (NYSE:C) analysts, car sales of General Motors Co. (NYSE:GM) could increase to 13.9 million units by next year Shares of diagnostic device developer MELA Sciences, Inc. (NASDAQ:MELA) gained 56.25% to close at $3.50 after the European Union approved the company’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 08 Sep 2011 06:36 AM PDT A subsidiary of Russian metals and mining company Mechel OAO (NYSE:MTL) has created a joint venture with India's Somani Group to sell metallurgical coal to consumers in India.
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| Posted: 08 Sep 2011 06:35 AM PDT We have plenty on the docket, with Bernanke and Obama making major policy speeches later today. We have interest rate decisions from the Bank of England and the European Central Bank, which came as expected. We also have the July international trade data, with the deficit number coming narrower than expected. And most importantly, we have the weekly Jobless Claims numbers that came a shade weaker than expected. Weekly Jobless Claims increased by 2 thousand for the week to 414 thousand; the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CAD Holds Gains After Flurry Of U.S., Canadian Data Posted: 08 Sep 2011 06:34 AM PDT Forexpros – The U.S. dollar held on to gains against its Canadian counterpart on Thursday, after both countries released a flurry of data, while markets awaited speeches from Federal Reserve Chairman Ben Bernanke and President Barack Obama. USD/CAD hit 0.9864 during U.S. morning trade, the daily high; the pair subsequently consolidated at 0.9853, gaining 0.22%. The pair is likely to find short-term support at 0.9752, the low of September 2 and resistance at 0.9964, the high of September … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Euro Sinks On Trichet’s Dovish Commentary At ECB Press Conference Posted: 08 Sep 2011 06:32 AM PDT Fundamental Headlines
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| Trichet Giving Euro-Bears A Run For Their Money Posted: 08 Sep 2011 06:31 AM PDT If you had a short position in the EURO heading into today's ECB press conference held by Trichet, you were rewarded after an initial shake. The mentioning of lessened inflationary risk and downside economic risk gave the EUR further reason to fall. The EUR/USD fell below the 1.40 and further below this week's low at 1.3970, reaching almost 1.3940 before a pause to the reaction. IF the market can hold below 1.40 on a pullback, it is poised to look for lower support near 1.3850, with 1.39 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/JPY Nears 5-month Low After Trichet Remarks Posted: 08 Sep 2011 06:17 AM PDT Forexpros – The euro extended losses against the yen on Thursday, falling close to a five-month low after European Central Bank President Jean-Claude Trichet said threats to the region's economy have "intensified" and inflation risks have eased as the region's debt crisis deepens. EUR/JPY hit 107.96 during European afternoon trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 108.01, tumbling 0.79%. The pair was likely to find support at 106.59, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Canadian Building Permits Surge In July Posted: 08 Sep 2011 06:07 AM PDT Forexpros – The number of new building permits issued in Canada surged in July, official data showed on Thursday. In a report, Statistic Canada said the number of new building permits issued jumped by a seasonally adjusted 6.3% in July, confounding expectations for a flat reading. June's figure was revised up to 2.8% from a previously reported 2.1% gain. In the residential sector, the value of permits nationally increased 14.6% to CAD4.3 billion, the third consecutive monthly gain and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 08 Sep 2011 06:05 AM PDT Pall Corporation (NYSE:PLL) reported its preliminary results for fourth quarter and fiscal year 2011, reporting earnings per share of 82 cents compared with 46 cents in year-ago quarter. The Zacks Consensus Estimate for the quarter is 88 cents. For full year, earnings per share were $2.67 compared with $2.03 in the previous year. The Zacks Consensus Estimate for the year is $2.89.
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| Posted: 08 Sep 2011 06:05 AM PDT Indonesia, a major importer of iron ore for Vale S.A (VALE), has announced its intention to impose a tax or quota on mineral ore exports, ahead of a planned regulation to ban all exports of raw minerals by 2014.
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| July Job Openings Highest In Three Years Posted: 08 Sep 2011 06:03 AM PDT The BLS reported yesterday that there were 3,228,000 job openings in July, an increase of 1.9% from June, and 13.3% from July last year, to reach the highest level since August 2008, almost three years (see chart above). Private sector job openings, at 2,900,000 in July, were also the highest since August 2008, and 15.3% higher than a year earlier. From the Associated Press: “Companies advertised the most job openings in three years, a hopeful sign after the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Canada Trade Deficit Narrows More-than-expected In July Posted: 08 Sep 2011 06:01 AM PDT Forexpros – Canada's trade deficit narrowed more-than-expected in July, official data showed on Thursday. In a report, Statistics Canada said that Canada' trade deficit narrowed to CAD0.8 billion in July, after posting a deficit of CAD1.4 billion in June, whose figure was revised down from a CAD1.6 billion deficit. Analysts had expected Canada's trade deficit to narrow to USD1.1 billion in July. Canada’s exports increased 2.2% to CAD37.2 billion in July, while imports rose 0.5% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Trade Deficit Narrows More-than-expected In July Posted: 08 Sep 2011 05:46 AM PDT Forexpros – The U.S. trade deficit narrowed more-than-expected in July, as exports increased for the first time in three months, official data showed on Thursday. In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD44.8 billion in July, compared to a deficit of USD51.6 billion in June, whose figure was revised down from a deficit of USD53.1 billion. Analysts had expected the U.S. trade deficit to narrow to USD51.0 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Initial Jobless Claims Rise Unexpectedly Posted: 08 Sep 2011 05:42 AM PDT Forexpros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, 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 2 rose by 2,000 to a seasonally adjusted 414,000, confounding expectations for a decline to 405,000. The previous week's figure was revised up to 412,000 from 409,000. Continuing jobless claims in the week … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Futures Extend Losses After Jobless Claims; Dow Sheds 0.5% Posted: 08 Sep 2011 05:39 AM PDT Forexpros – U.S. stock futures pointed to a lower open on Thursday, extending losses after official data showed that U.S. jobless claims rose unexpectedly last week, while markets awaited speeches from Federal Reserve Chairman Ben Bernanke and President Barack Obama. Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.5%, the S&P 500 futures indicated a decline of 0.6%, while the Nasdaq 100 futures pointed to a 0.45% drop. Stock futures added to losses … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Motorola Mobility Entered 4G Era Posted: 08 Sep 2011 05:30 AM PDT Motorola Mobility Holdings Inc. (MMI) finally entered into next-generation 4G wireless field. Yesterday, the company announced that Verizon Wireless, the largest wireless operator in the U.S., will start selling its much hyped 4G Long-Term Evolution (LTE) capable Droid Bionic smartphone from September 8, 2011. Verizon Wireless is a joint venture between Verizon Communications Inc. (NYSE:VZ) and Vodafone Group plc. (NYSE:VOD). Droid Bionic runs on Google Inc. (NASDAQ:GOOG) developed Android operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 08 Sep 2011 05:30 AM PDT We are upgrading our recommendation on Research In Motion Ltd. (NASDAQ:RIMM) to Neutral based on its current valuation, which plummeted over 56% in the last year. In the meantime, the nightmare of Research In Motion continues and so far the company has failed to provide any specific time frame when its free fall will come to an end. Ever since Apple Inc's (NASDAQ:AAPL) iPhone hit the market, Research In Motion started losing its leadership position. The company is yet to launch any device that can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil, Gold Outlook Rests On Bernanke Speech Amid QE3 Hopes Posted: 08 Sep 2011 05:20 AM PDT Talking Points Crude Oil to Follow S&P 500 as Markets Look to Bernanke Speech WTI Crude Oil (NY Close): $89.34 // +3.32 // +3.86%
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| Forex – Dollar Up Vs. Most Rivals As ECB’s Trichet In Focus Posted: 08 Sep 2011 05:03 AM PDT Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Thursday, ahead of a press conference by European Central Bank President Jean-Claude Trichet after the bank left interest rates unchanged at 1.5%. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.46% to hit 1.4033. The euro was hit by speculation that that the ongoing sovereign debt crisis in the single currency bloc and the bleak outlook for global growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| European Central Bank Keeps Interest Rate At 1.50% Posted: 08 Sep 2011 04:49 AM PDT Forexpros – The European Central Bank kept its benchmark interest rate unchanged for the third consecutive month in September, it announced on Thursday. The ECB said it was maintaining the benchmark interest rate at 1.50%, in a widely expected move. ECB president Jean-Claude Trichet was to comment on the decision at a press conference later in the day. Following the announcement, the euro remained lower against the U.S. dollar, with EUR/USD slumping 0.38% to trade at 1.4044. Meanwhile, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/GBP Extends Losses After BoE Keeps Policy Unchanged Posted: 08 Sep 2011 04:43 AM PDT Forexpros – The euro extended losses against the pound on Thursday, falling to a two-day low after the Bank of England left its benchmark interest rate unchanged and held off from increasing its asset-buying program. EUR/GBP hit 0.8760 during European afternoon trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 0.8766, shedding 0.55%. The pair was likely to find support at 0.8731, Tuesday's low and a two-week low and resistance at 0.8841, the days high and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stalking A Flag In AUD/NZD During A Bear Swing Posted: 08 Sep 2011 04:34 AM PDT AUD/NZD The AUD/NZD is bearish in the very short term after breaking below 1.2765 with a strong bearish push.
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| SM Prime Holdings, Inc. Awakens! Posted: 08 Sep 2011 04:29 AM PDT After several months of hibernation, the shares of Henry Sy's SM Prime Holdings, Inc. or SMPH have finally awaken. Now that it does, a move past its present all-time high of Php 13.50 may not be farfetched anymore.
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| Forex – GBP/USD Erases Losses After BoE Leaves Rate On Hold Posted: 08 Sep 2011 04:16 AM PDT Forexpros – The pound erased losses against the U.S. dollar on Thursday, rebounding from a two-month low after the Bank of England left interest rates on hold and announced no new monetary easing measures. GBP/USD rebounded from 1.5914, the pair's lowest since July 13, to hit 1.6048 during European early afternoon trade, gaining 0.36%. Cable was likely to find support at 1.5780, the low of July 12 and a five-month low and resistance at 1.6038, Wednesday's high. The BoE said it was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Bank Of England Holds Benchmark Interest Rate At 0.50% Posted: 08 Sep 2011 04:02 AM PDT Forexpros – The Bank of England kept its benchmark interest rate unchanged for the 30th consecutive month in September, it announced on Thursday. The BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move. The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP200 billion. The minutes of the meeting of the bank's monetary policy committee will be published on Wednesday, September … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Lower As ECB Policy Meeting In Focus Posted: 08 Sep 2011 03:45 AM PDT Forexpros – The euro remained lower against the U.S. dollar on Thursday, ahead of a key policy-setting meeting of the European Central Bank later in the day amid expectations that the bank may signal a pause in monetary tightening. EUR/USD hit 1.4042 during European late morning trade, a fresh daily low; the pair subsequently consolidated at 1.4046, shedding 0.36%. The pair was likely to find support at 1.3991, Wednesday's low and resistance at 1.4172, Monday's high. Ahead of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Wheat Futures Edge Higher As Dry Weather Threatens Crops Posted: 08 Sep 2011 03:27 AM PDT Forexpros – Wheat futures edged higher on Thursday, as hot and dry weather conditions in key U.S. wheat-growing regions threatened crop production, but concerns over declining demand for U.S. supplies limited gains. On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD7.5412 a bushel during European morning trade, gaining 0.45%. It earlier fell as much as 0.65% to trade at a daily low of USD7.5488 a bushel. Industry weather group Telvent DTN said in a report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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