Monday, September 12, 2011

DailyMarkets.com - Western Union Expands ATM Network

DailyMarkets.com - Western Union Expands ATM Network

Western Union Expands ATM Network

Posted: 12 Sep 2011 12:10 PM PDT

Global payment services provider Western Union Co. (NYSE:WU) announced that it has successfully expanded its network of automated teller machines (ATM) to over 30,000 connections within a period of one year across the continents of Europe and Asia.
Western Union ATM's machine facility has been spread out through Banca Intesa Sanpaolo in Italy, Garanti Bank in Turkey, Credit Europe Bank in Russia, Banca Transilvania in Romania, Bank of Georgia, Privat Bank in the Ukraine and Seven Bank in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Carnival Remains Neutral

Posted: 12 Sep 2011 12:05 PM PDT

We are reiterating our long-term Neutral recommendation on the largest cruise operator in the world, Carnival Corporation (NYSE:CCL). The stock also retains a Zacks #3 Rank (Hold rating) over the short term.
Despite soaring fuel prices, greater exposure to the sluggish European market and political turmoil in some geographical regions, we believe Carnival will generate solid profits in the upcoming third quarter of 2011 based on the seasonal cycle.
Historically, demand for cruises has been upbeat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sasol Misses, Profit Grows

Posted: 12 Sep 2011 12:05 PM PDT

Sasol Ltd. (SSL) announced weaker-than-expected results for the fiscal year ended June 30, 2011, dragged down by an unfavorable exchange rate. The South Africa-based petrochemicals group reported headline earnings per share, excluding one-time items, of R33.72, or $4.94, lagging the Zacks Consensus Estimate of $5.01.
However, Sasol's earnings per share improved significantly from the year-ago level of R26.44, while operating profit was up 25.1% to R30.0 billion on account of higher energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Mauritius Holds Repo Rate At 5.50%

Posted: 12 Sep 2011 11:59 AM PDT

The Bank of Mauritius held its benchmark interest rate unchanged at 5.50%.  The bank said it “noted that global economic activity is expected to recover more slowly than had been anticipated at its last meeting due to heightened uncertainty over the growth outlook.  While the threat of a new round of rapidly rising international commodity prices has lessened, there are still significant concerns that supply constraints could continue to pose upside risks to the inflation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Between A Rock And A Hard Place

Posted: 12 Sep 2011 11:40 AM PDT

Cusick’s Corner
This market is caught between a rock and a hard place. We have the EU banking system teetering, there’s a clear removal of the Gold “Risk Off” trade, support levels in equities are clearly preparing to be challenged and lastly it is expiration week. The Germans sounded like they were preparing for immediate defaults which has led to a selloff in Gold (most likely to raise cash), indicating a hedging strategy is not in play but a raising of capital is. On the S&Ps, I will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

64 Bcf Added To Natural Gas Stocks

Posted: 12 Sep 2011 11:35 AM PDT

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in natural gas supplies. Cooler temperatures throughout the country and continued power outages following Hurricane Irene tempered natural gas demand for power burn. This was somewhat offset by production shut-ins caused by Tropical Storm Lee.    
The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nippon Upgraded To Outperform

Posted: 12 Sep 2011 11:35 AM PDT

We upgrade our recommendation for Nippon Telegraph & Telephone Corp. (NYSE:NTT) to Outperform following its strong financial results for the first quarter of fiscal 2011. Despite facing intense pricing pressure from smaller telecom service providers, we believe Nippon will gradually improve its performance in future reporting periods, mainly due to its continuous effort to provide upgraded products with technological innovations.
The company's mobile wing, NTT DoCoMo (NYSE:DCM) performed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interesting/Weird Fact Of The Day: Maine And D.C.

Posted: 12 Sep 2011 11:35 AM PDT

Q: What do Maine and the District of Columbia have in common? 

A: They rank lowest for 2010 SAT scores by state: Maine for the lowest average reading score in the country at 468  points vs. the national average of 501; and the District of Columbia for the lowest average math score in the country (464 points vs. 516 national average).  For math, Maine ranks #50 and for reading the District of Columbia ranks #50.  

It doesn’t seem like Maine and D.C. would have that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Edges Down Toward Target At The 1.3553 Level.

Posted: 12 Sep 2011 11:15 AM PDT

In the first hour of trading today, the price dipped to the 1.3553 level. This level was later broken on the downside and upside  in the midday trading.  The price is approaching this level and will likely continue to be a level the market will eye.  Holding should lead to profit taking. A move below, and the price downside momentum would next target the 1.3500 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/GBP Bounces Off Of A Rising Trendline From June 2010

Posted: 12 Sep 2011 11:15 AM PDT

Prev: Trichet Giving Euro-Bears a Run for Their Money (9/8)
EUR/GBP

The EUR/GBP is seen in the weekly chart testing a rising trendline that extends back to June of 2010.
The weekly chart also shows an RSI reading stuck mostly between 60 and 40 since then, reflecting a long-term consolidation period.
Price is trading above the 200SMA though, so the bias in the long-term is still bullish.
If it remains bullish, we are at a very important support, near 50% retracement, 200SMA, and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 12 Sep 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday.

AUD/USD was trading at 1.0262, down 2.00% at time of writing.

The pair was likely to find support at 1.0256, today's low, and resistance at 1.0661, Wednesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.34% to hit 1.3216 and AUD/JPY falling 2.35% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak August Comps At McDonald’s

Posted: 12 Sep 2011 11:05 AM PDT

McDonald’s Corp. (NYSE:MCD) has posted global comparable sales (comps) growth of 3.5% in August on the back of strong beverage sales as well as core menu products. However, the fast-food chain operator witnessed a relatively downward movement on a year-over-year basis across all regions but Europe. The Asia/Pacific, Middle East and Africa (APMEA) region was a dampener. Comps were down from 4.9% in August 2010 and 5.1% in July 2011.
In the United States, comps growth of 3.9% was less than 4.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hess In Back-to-Back Utica Deals

Posted: 12 Sep 2011 11:05 AM PDT

Hess Corporation (NYSE:HES) in on track to strengthen its traction in one of the emerging shale plays in the U.S. –– the Utica Shale –– by entering into a second transaction in a week. The company shelled out $750 million for the purchase of the 85,000 acre Marquette Exploration LLC and other leases in the same play.
The deal comes a day after the company agreed to jointly explore and develop 200,000 acres of CONSOL Energy Inc. (NYSE:CNX) in Utica Shale play in eastern Ohio. The joint venture … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD Decline In Short Term Sets The Stage For Rally On Fundamentals In Medium Term

Posted: 12 Sep 2011 11:02 AM PDT

Summary: While the AUD is being battered by a "flight to safety", and a move away from riskier commodity-based higher-yielding currencies, the Australian dollar still maintains its key fundamental advantages. Those are a high interest rate for the developed world, a strong mining boom fed by a "soft landing" in China, and a positive trade and current account which puts Australia away from the dangers of a credit downgrade.
Therefore the lower the AUD goes the cheaper it becomes for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 12 Sep 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 77.20, down 0.51% at time of writing.

The pair was likely to find support at 76.76, today's low, and resistance at 77.86, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.64% to hit 1.3566 and GBP/USD falling 0.55% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Denbury Stays Neutral

Posted: 12 Sep 2011 10:40 AM PDT

We maintain our long-term Neutral rating on Denbury Resources Inc. (NYSE:DNR) based on its fundamental growth potential that is likely to support its cash flows.
Denbury reported earnings of 37 cents per share in the second quarter of 2011, beating the Zacks Consensus Estimate of 33 cents. Results were also substantially higher than 18 cents earned in the year-ago quarter. Higher-than-expected price realizations were partially offset by lower production.
Tertiary production in the quarter averaged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Autozone Is Definitely “in The Zone” But Are There Risks?

Posted: 12 Sep 2011 10:36 AM PDT

originally posted at Minyanville.
by Chris Georgopoulous, SmartStops contributor
Autozone (AZO: NYSE), a retailer of automotive replacement parts and accessories has seen an unprecedented appreciation in value over the past few years while most equities have been punished from an economic recession.  While the success of Autozone's stock, management and business model are unquestionable there is still one question that needs to be answered; "Will it continue? "
Most businesses … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-Reward Balances Costco

Posted: 12 Sep 2011 10:35 AM PDT

Costco Wholesale Corporation (NASDAQ:COST) continues to be a dominant retail wholesaler based on the breadth and quality of merchandise it has to offer. The company's strategy to sell products at heavily discounted prices has helped it to remain on a positive growth track amid beleaguered economic conditions as cash-strapped customers continue to see it as a viable option for low-cost necessities. Having delivered consistent comparable-store sales growth, Costco is well positioned in the warehouse … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed Inquires COF-ING Direct Deal

Posted: 12 Sep 2011 10:35 AM PDT

According toThe Wall Street Journal, the Federal Reserve has asked Capital One Financial Corp. (NYSE:COF) to respond to the queries that are designed to ascertain whether its proposed acquisition of ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV (NYSE:ING), would create a bank so huge that its failure would be dangerous for the U.S economy.
The Fed has also planned public hearings for the proposed COF-ING Direct deal. These are scheduled to be held on September 20 in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eastman Chemical On Expansion Spree

Posted: 12 Sep 2011 10:35 AM PDT

Eastman Chemical Company (NYSE:EMN) expanded its Benzoflex plasticizer production line at the Estonia location for the second time. The move will boost the Benzoflex production capacity by 11,000 metric tons and is expected to be completed by the end of second-quarter 2012.
Eastman also plans to expand its Admex polymeric plasticizers and Benzoflex plasticizers lines located at Kingsport, Tennessee and Chestertown, Maryland. The expansions will increase the overall production capacity in North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Downgraded To Underperform

Posted: 12 Sep 2011 10:35 AM PDT

We have downgraded our long-term recommendation on Bank of America Corp. (NYSE:BAC) to Underperform on expected damages from the recent mortgage lawsuit filed against it by the U.S. Government. Its decision to settle legacy Countrywide mortgage repurchase and servicing claims had a severe impact on its second quarter 2011 results.
The company reported a second quarter loss of 90 cents per share, a penny narrower than the Zacks Consensus Estimate. But the figure compared favorably with the earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unfavorable Ruling For Acorda

Posted: 12 Sep 2011 10:05 AM PDT

Acorda Therapeutics, Inc. (NASDAQ:ACOR) recently received an unfavorable court ruling in its patent litigation case against Apotex. Apotex had filed an abbreviated new drug application (ANDA) with the US Food and Drug Administration (FDA) seeking approval for its generic version of three dosage strengths of Zanaflex capsules (tizanidine hydrochloride).
In its ruling, the US District Court for the District of New Jersey held that the patent covering the use of multiparticulate tizanidine compositions … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kroger In Neutral Lane

Posted: 12 Sep 2011 10:05 AM PDT

A dominant position among the nation's largest grocery retailers enables The Kroger Company (NYSE:KR) to sustain growth in top-line, expand its store base, and boost its market share. The company's strong corporate and national brands helped gain customers' loyalty.
Kroger's customer-centric business model provides a strong value proposition to consumers and positions it well to deliver higher earnings, primarily through strong identical supermarket sales growth (sans fuel). Identical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliant Expands Order Book

Posted: 12 Sep 2011 10:05 AM PDT

Aerospace and defense products supplier Alliant Techsystems Inc. (NYSE:ATK) said it has added to its kitty new medium caliber cannon contracts worth $12.6 million. This contract will result in expanding the production of Alliant's battle-proven 25mm M242 Bushmaster and 30/40mm Mk44 Bushmaster Automatic Cannon systems. 
Alliant said it will produce both the 25mm M242 and the 30/40mm Mk44 automatic cannons under the current contract at its facility in Mesa, Arizona.  The company expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Limited Buys Penn Millers

Posted: 12 Sep 2011 10:05 AM PDT

ACE Limited (NYSE:ACE) has inked a deal to acquire Penn Millers Holding Corporation (PMIC) for a cash consideration of $107 million. The acquisition is expected to close by the first quarter of 2012 pending approvals.
Wilkes-Barre, Pennsylvania based Penn Millers Holding Corporation, through its subsidiaries, provides various property and casualty insurance products for agricultural and small commercial business customers. As such, the acquisition will enhance ACE Limited's product offering in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Expectations Start To Fall

Posted: 12 Sep 2011 10:05 AM PDT

The Earnings Picture

Second quarter earnings season is effectively over with 499 or 99.8% of S&P 500 reports in. With the exception of a handful of financials, most notably Bank of America (NYSE:BAC), which had a $12 billion negative swing in net income from last year, this is another great earnings season.

The year-over-year growth rate for the S&P 500 is 11.9%, way off the 17.1% pace those same 499 firms posted in the first quarter. However, it you exclude the Financial sector, growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Pacific Remains Neutral

Posted: 12 Sep 2011 10:05 AM PDT

The persistent effects of inclement weather continue to hurt operations of Canadian Pacific Railway Limited (NYSE:CP), resulting in reduced shipments and higher operating costs.
Similar to its first quarter results, the company's second quarter registered declining service metrics that led to lower-than-expected results. However, we expect the company to recover and deliver strong performance in the balance of 2011 as these weather-related headwinds recede.
The company also expects operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wireless Dividend Blow To Vodafone

Posted: 12 Sep 2011 10:05 AM PDT

Verizon Wireless will not pay a recurring annual dividend to its parent companies Vodafone Group Plc (NYSE:VOD) and Verizon Communications (NYSE:VZ). The company needs surplus funds for making acquisitions from time-to-time and buying new radio spectrums.
Verizon Wireless, the largest U.S. wireless carrier, had approved an annual dividend of $10 billion to its parent companies in July. The reinstatement was accounted after 7 years, following continued focus on maximizing free cash flow, maintaining a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 2.27%

Posted: 12 Sep 2011 10:05 AM PDT

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

At the close of European trade, Germany's DAX fell 2.27%, London's FTSE 100 shed 1.63%, France's CAC 40 declined 4.03% and the EURO STOXX 50 was down 3.79%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.80%; the S&P 500 index shed 0.70%, while the Nasdaq 100 index declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Volatility…way Of The World”

Posted: 12 Sep 2011 05:00 AM PDT

09/12/11 Mogavero, Lee & Co.’s Doreen Mogavero discusses action in US equities and the ongoing Euro-zone sovereign debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slump Continues On Greece Debt Default Concerns

Posted: 12 Sep 2011 10:00 AM PDT

09/12/11 Despite a slight technical rebound, the euro currency has continued to trade lower this afternoon on growing concerns of a debt default for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bearish Player Foresees Fall From W.R. Grace & Co.

Posted: 12 Sep 2011 09:56 AM PDT

Bearish player foresees fall from W.R. Grace & Co.
Today's tickers: GRA, BAC, XEC & UNT
(NYSE:GRA) – W.R. Grace & Co. – Bearish activity in options covering the producer of specialty chemicals and materials today suggests shares in W.R. Grace & Co. may extend losses through the end of 2011, and into the New Year. GRA's shares today trade 3.5% lower on the session at $34.26. The stock has fallen 34.7% since July 26, when shares were trading up at a more than 10-year high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Manufacturing Profits Set New Record In Q2

Posted: 12 Sep 2011 09:39 AM PDT

In another sign of a strong recovery in America’s manufacturing sector, the after-tax profits of U.S. manufacturing corporations reached a record-high $159.7 billion in the second quarter of 2011, according to data released today by the Census Bureau. Adjusted for inflation, second quarter profits this year were 9.1% ahead of the previous quarter, and 40% ahead of a year earlier.  Compared to the pre-recession profit level of $124.1 billion in the fourth quarter of 2007, manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA-Boston Scientific To Work On Mesh

Posted: 12 Sep 2011 09:35 AM PDT

Leading medical devices player, Boston Scientific Corporation (NYSE:BSX) issued a statement following its recent meeting with the Food and Drug Administration (FDA) Obstetrics & Gynecology Devices Advisory Committee. The meeting was significant as safety, effectiveness and class II status of its surgical mesh (to repair pelvic organ prolapse or POP and stress urinary incontinence or SUI) were debated.
The panel came to the conclusion that more clinical studies and stringent regulation of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Rotates Down Again.

Posted: 12 Sep 2011 09:19 AM PDT

The EURUSD is back below the 100 bar MA on the 5 minute chart as the pair moves up and down over the last few hours of trading . From the bearish side, the price was not able to extend above the closing level from Friday at the 1.3660 price . The high reached 1.3653 and started the rotation back lower. The price has now moved below the 100 bar MA on the same chart at the 1.3625 area.  Moving below this level targets the 200 bar MA on the same chart at the 1.3600 level.  A move below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PC Market Losing Lustre

Posted: 12 Sep 2011 09:15 AM PDT

Uncertainty continues to loom over the PC market. The rise of next generation ultra-portable gadgets (mainly tablets) has taken the market by storm, diverting consumer spending dollars from traditional desktops and notebooks.
The success of Apple Inc.'s (NASDAQ:AAPL) iPad has convinced the world that a thin rectangle portable touch screen with long battery life is enough to take care of most of our daily computing needs. While there was initial opinion that tablets were market expansive and there … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unum Group Retained At Neutral

Posted: 12 Sep 2011 09:15 AM PDT

Unum Group (NYSE:UNM) continues to benefit from a declining benefit ratio, reduced investment losses, improved customer satisfaction ratings and a disciplined approach to underwriting. The company possesses a strong capital position and scores strongly with the credit rating agencies.
However, sluggish economic recovery will delay new business accrual, exerting pressure on premium growth. Also, low interest rates are expected to impact investment income and reserving practices. We thus retain our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Eyecare Patent For BIOLASE

Posted: 12 Sep 2011 09:05 AM PDT

Leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) has secured a new patent from the U.S. Patent and Trademark Office, which expands the application of its laser technologies for eye surgeries to treat vision conditions such as presbyopia (loss of near vision).
Presbyopia is an age-related eye condition characterized by the loss of the ability of the lens to focus, making it difficult to see objects from close range. The condition affects more than 100 million Americans and over 2 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cardica Inks Microcutter Pact

Posted: 12 Sep 2011 09:05 AM PDT

Surgical devices maker Cardica's (NASDAQ:CRDC) has forged a distribution pact with Century Medical, a leading supplier of medical equipment in Japan, for its Microcutter product line. Tokyo-based Century Medical currently distributes Cardica's PAS-Port proximal anastomosis (communication between blood vessels) system for coronary artery bypass graft ("CABG") surgery in Japan.
Cardica is developing the Microcutter line of novel endoscopic stapling devices for use in a variety of surgeries … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CHF Continues Rise To Hit 0.8900 Area Resistance

Posted: 12 Sep 2011 08:54 AM PDT

USD/CHF (daily chart) as of Monday (9/12/2011) has continued its trend-breaking rise to hit key resistance around the 0.8900 price region before stalling in its dramatic bullishness of the past week. This occurs after a strong and swift bullish surge early last week broke out above an important downtrend resistance line that had been in place since the June 2010 high. This breakout was a highly significant move that has brought price well above its recent record lows. Now that price action has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McCormick Completes Kohinoor Deal

Posted: 12 Sep 2011 08:35 AM PDT

McCormick & Company, Inc. (NYSE:MKC) has consummated its joint venture with Kohinoor Foods Ltd., India to market and sell basmati rice and food products in India. The venture was announced in June 2011 and will now be named as Kohinoor Specialty Foods India Private Ltd.
Based in New Delhi, India, Kohinoor Foods Ltd. is one of the leading manufacturers and marketers of Basmati rice, which is a premium and naturally flavored long-grained rice used in authentic Indian cuisine. The Kohinoor brand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Downgrade: Underperform On GGB

Posted: 12 Sep 2011 08:35 AM PDT

We recently downgraded our recommendation on Gerdau S.A. (NYSE:GGB), one of the leading steel producing companies in the world, from Neutral to Underperform.
The steel maker recently reported its second quarter financial results with earnings per share of 18 cents, down 38% year over year and much below the Zacks Consensus Estimate of 32 cents. The company's performance received a setback due to rising cost of sales.
In the first two quarters of 2011 the company's cost of sales increased by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Tests And Holds Against The 100 Bar MA On Intraday Chart

Posted: 12 Sep 2011 08:35 AM PDT

The USDCHF has been using the 100 and 200 bar MAs (blue and green lines in the chart above) on the 5 minute chart as buy/sell clues over the last few days. Today, the price fell below the 100 bar MA (blue line in the chart above) and then the 200 bar MA. The price in the last hour, moved back higher to test the 100 bar MA at the 0.8846 level, and held. This should keep the pressure on the pair.  If the price can remain below this level and at worst, below the 200 bar MA in the same chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Turn Mixed, EU Debt Fears Weigh

Posted: 12 Sep 2011 08:35 AM PDT

09/12/11 Wall Street tracked global equities lower. The health of French banks and Greek default jitters dragged European stocks sharply into the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro-woes Maintain Bid For Bonds

Posted: 12 Sep 2011 08:24 AM PDT

Investors closed their eyes, sold stocks and bought German and U.S. paper in early Monday trading. Rumors ahead of the weekend that Greece was knocking loudly on the default door proved false. However, moves to bolster finances over the weekend with a property tax and a cut in the pay of elected officials seems worse than putting the proverbial Band-Aid on the gunshot wound. The strains across the Eurozone advanced leaving risk barometers set to blow a gasket.
European bond markets – Lars Feld, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

This Week’s US Macro Reports Key To FOMC’s Decision On More QE

Posted: 12 Sep 2011 08:16 AM PDT

While we have begun this week with a heavy risk off environment – mainly based on the European financial sector and the latest developments in the euro zone sovereign debt crisis – for US equities and the fate of further Fed stimulus will rely on what the macro data from the US tells us.
Can Manufacturing Sector Rebound Heading into 4th Quarter
For the US, this week will feature 3 key manufacturing reports, including a look at both leading and coincident indicators for the sector. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tests And Moves Below 38.2% At 1.5783 But Bounces Back Higher.

Posted: 12 Sep 2011 08:11 AM PDT

The 38.2% is of the move up from the May 2010 low of 1.4229 to the high reached in April 2011 at 1.67445 comes in at the 1.5783 level. The price dipped below this level at a low of 1.5771 by has moved back above the key level.
On the hourly chart, the price tested the support on the bottom channel trendline  and held (see chart below).

The ability to bounce off support should lead to further upside with the 1.5839 level the next target for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hyatt Expands In Russia

Posted: 12 Sep 2011 08:05 AM PDT

Chicago-based Hyatt Hotels Corporation (H) recently announced that one of its affiliates has signed a management deal with OJSC Nash Dom-Primorye for the opening of two new hotels in Russia.  Financial terms of the deal were not disclosed.
Both the new hotels namely Hyatt Regency Vladivostok, Golden Horn and Hyatt Vladivostok, Burny are opening in Vladivostok, Russia. Vladivostok was restricted to only Russian nationals till 1992 and outsider entry was forbidden, but with the recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Higher Vs. Most Rivals In Risk-off Trade

Posted: 12 Sep 2011 08:00 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Monday, as concerns that the sovereign debt crisis in the euro zone is escalating saw investors flock to traditional safe haven assets.

During U.S. morning trade, the greenback was higher against the euro, with EUR/USD sliding 0.23% to hit 1.3620.

The single currency came under heavy selling pressure amid concerns over a debt default by Greece, following news reports that Germany's government has planned to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Fall To 9-day Low As Storm Fears Ease

Posted: 12 Sep 2011 07:59 AM PDT

Forexpros – Natural gas futures fell to a nine-day low on Monday, as fears over a disruption to supplies in the Gulf of Mexico eased, while milder weather forecasts for the eastern U.S. states also weighed.

On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.886 per million British thermal units during U.S. morning trade, slumping 0.73%.

It earlier fell as much as 1.3% to trade at USD3.846 per million British thermal units, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests Intraday Support Level At 1.3617. The 1.3598 Is The Next Target.

Posted: 12 Sep 2011 07:57 AM PDT

The EURUSD is testing the 100 bar MA on the 5 minute chart at the 1.3617 level.  The price has held on the first test. A move below at the 200 bar MA at the 1.3598 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

President Obama’s $447 Billion Tax Increase

Posted: 12 Sep 2011 07:57 AM PDT

“In his September 8 lecture to Congress, President Obama promised that "every proposal I've laid out tonight will be paid for."  How?  By raising tax rates on "the wealthiest Americans and biggest corporations." In other words, the President is proposing a $447 billion tax increase.”

Read more here of Cato’s Alan Reynold’s blog … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: The Hershey Company

Posted: 12 Sep 2011 07:50 AM PDT

Despite a challenging consumer environment, The Hershey Company (NYSE:HSY) recently reported better-than-expected second quarter results as both sales volumes and prices increased year-over-year.
Management raised its EPS guidance for the remainder of the year, prompting analysts to revise their estimates higher. It is a Zacks #2 Rank (Buy).
The company also pays a dividend that yields a stellar 2.4%.
Company Description
Hershey’s is the largest producer of chocolate in North America and a global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TiVo Launches New DVR

Posted: 12 Sep 2011 07:50 AM PDT

A developer of advanced television services and digital video recorders (DVR) TiVo Inc. (TIVO), recently launched its new TiVo Premiere Elite set-top box. The set-top box is expected to be available by the end of 2011.
The latest set-top box offers four digital tuners and has a hard drive of two-terabyte capacity, thus possessing two times more recording space than current offerings. The set-top box comes with a THX certification for optimal sound and video fidelity.
Premiere Elite is TiVo’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Close To 9-week Low On EZ Debt Woes

Posted: 12 Sep 2011 07:49 AM PDT

Forexpros – The pound remained close to a nine-week low against the U.S. dollar on Monday, as fears that the debt crisis in the euro zone is deepening saw investors seek out safe haven assets.

GBP/USD hit 1.5792 during U.S. morning trade, the pair's lowest since July 12; the pair subsequently consolidated at 1.5810, shedding 0.43%.

Cable was likely to find support at 1.5717, the low of January 13 and resistance at 1.5862, the days high.

Market sentiment was hit by persistent fears over a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oracle, Google Set To Settle Claims

Posted: 12 Sep 2011 07:35 AM PDT

According to a recent report from news agency Bloomberg, Oracle Corp. (NASDAQ:ORCL) and Google Inc. (NASDAQ:GOOG) have agreed to attend a settlement discussion over the copyright- and patent-infringement lawsuit filed by Oracle last year.
As per the order of the U.S magistrate, both the companies will be represented by their respective Chief Operating Officers (CEO). The settlement meeting is scheduled on September 19, 2011 and will be mediated by the U.S. Magistrate Judge.
The attendance of the two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Align To Close New Jersey Facility

Posted: 12 Sep 2011 07:35 AM PDT

Align Technology (NASDAQ:ALGN) plans to close its New Jersey facility by the third quarter of fiscal 2012 to optimize efficiency and minimize operating costs. Subsequently, New Jersey-based operation on CAD/CAM services and scanner-related activities will be combined with the existing manufacturing (based in Mexico) and shared services (Costa Rica) organizations.
This initiative/step is expected to reduce the company's employee strength by 119 from the current level of 2,400. Besides, Align … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota & GM To Raise Prices In India

Posted: 12 Sep 2011 07:35 AM PDT

Toyota Kirloskar Motor Private Limited, a joint venture between Toyota Motor Corp. (NYSE:TM) and Kirloskar group in India, recently announced its intention of increasing the prices for most of their car models by 1.5% to 2%, effective 1st October, 2011. This will be Toyota Kirloskar's third price rise this year.
The main reason behind the price hike is higher input costs, which according to the concerned company is very hard to control in the prevailing market condition. Moreover, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Update For USDA September Crop Report

Posted: 12 Sep 2011 07:32 AM PDT

Monday, September 12, 2011
The biggest potential surprise from Monday’s report could involve the Corn market, where filed reports of disappointing yields could show up in a lower than anticipated final production number. Given the recent “correction” in Corn prices, longer-term traders may wish to explore the purchase of a bull call spread. For example, with March 2012 Corn trading at 749.75 as of this writing, the March 750 call could be bought and the March 850 call sold for about 35 cents, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Triple US Equity Index Check To Start The Week Sept 12

Posted: 12 Sep 2011 07:31 AM PDT

What levels are we watching for set-ups/game-plans in the triple US Equity indexes – Dow, S&P 500, and NASDAQ?
Let's get a quick check-up on these levels and current market structure as we start the week:

I'll focus the majority of the description of structure on the S&P 500 as the picture is almost identical in both the Dow Jones and NASDAQ.
At the moment, there are three major chart factors we're watching in each index:

The "Bear Flag" or "Rising Parallel Trend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Extend Losses After IMF Says Greek Aid Likely

Posted: 12 Sep 2011 07:30 AM PDT

Forexpros – Gold futures extended sharp losses on Monday, as the safe haven appeal of the precious metal was reduced after International Monetary Fund officials said Greece was likely to receive its next tranche of aid later this month.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,834.85 a troy ounce during U.S. morning trade, tumbling 1.2%.

It earlier fell as much as 1.83% to trade at a daily low of USD1,825.85 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

An Excellent $6 Knoxville-DC Megabus Adventure

Posted: 12 Sep 2011 07:28 AM PDT

Read about Dan and Holly’s excellent $6 Megabus adventure from Knoxville to DC. 

For previous CD posts about Megabus go here, here and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Off 7-month Low But Remains Weak

Posted: 12 Sep 2011 07:22 AM PDT

Forexpros – The euro trimmed losses against the U.S. dollar on Monday, pulling back from a seven-month low but the single currency remained weak amid ongoing fears over a debt default by Greece and contagion within the single currency bloc.

EUR/USD pulled away from 1.3500, the pair's lowest since February 16, to hit 1.3654 during U.S. morning trade, inching up 0.01%.

The pair was likely to find support at 1.3367, the low of January 19 and resistance at 1.3855, the high of February … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Rebound From 4-day Low As Risk Aversion Eases

Posted: 12 Sep 2011 07:03 AM PDT

Forexpros – Crude oil futures erased losses on Monday, rebounding from a four-day low as risk aversion eased after International Monetary Fund officials said Greece was likely to receive its next tranche of aid later this month.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD87.54 a barrel during U.S. morning trade, gaining 0.35%.

It earlier fell as much as 2.55% to trade at USD85.02 a barrel, the lowest price since September 6.

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

SunSi Achieves 2 Milestones In 2 Weeks

Posted: 12 Sep 2011 06:55 AM PDT

Steven Ralston, CFA
SunSi achieves 2 milestones in 2 weeks – Zacks raises price target

SunSi Energies (SSIE) reached two milestones in the span of two weeks with the announcements that the company's first-phase capacity expansion of its Wendeng TCS production facility is substantially complete and that Russia-based Nitol Solar has purchased 117 metric tons of TCS from the Wendeng facility in China. These two significant events compel us to raise our price target to $4.75.

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

PDL BioPharma Guides Q3 Sales

Posted: 12 Sep 2011 06:55 AM PDT

PDL BioPharma Inc. (NASDAQ:PDLI) recently announced that it expects to generate third-quarter 2011 revenues of $83 million, representing a 3% decline from year-ago revenues of $86.0 million. The Zacks Consensus estimate for the third quarter revenue is $86 million.
At present, PDL receives royalty on worldwide net sales of Roche Holdings Ltd.’s (RHHBY) Avastin, Xolair and Herceptin; Roche and Novartis AG's (NYSE:NVS) Lucentis, and Elan Corporation (NYSE:ELN) and Biogen Idec's (NASDAQ:BIIB) Tysabri. While … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WellPoint To Use IBM’s Technology

Posted: 12 Sep 2011 06:55 AM PDT

Earlier today, WellPoint Inc. (NYSE:WLP) announced an agreement with computer giant International Business Machines Corp. (NYSE:IBM) to use IBM's Watson technology, in order to provide faster and more efficient healthcare to its clients.
Watson is a computer system built by IBM, which can process vast amounts of data in seconds to arrive at possible conclusions and aid in decision-making. It matches a human's ability to analyze a question and arrive at a fast and accurate answer. The precision … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is It Consistent To Have Affirmative Action For Admissions, But Not For Grading In The Classroom?

Posted: 12 Sep 2011 06:52 AM PDT

In 2006, Michigan voters overwhelmingly approved Proposal 2, ending state-sponsored discrimination via race-based preferences in college admissions, hiring, and contracting. But a recent federal court ruling has temporarily overturned the will of Michigan voters, opening the door for affirmative action's return to Michigan. 

Supporters of affirmative action in college admissions face some tough questions.

Is it consistent to support affirmative action when practiced by a staff member … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vertex Pharma Reports Positive Data

Posted: 12 Sep 2011 06:36 AM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) reported positive data from a mid-stage trial on VX-509, which is being studied for the treatment of moderate to severe rheumatoid arthritis (RA). The 12-week study, which evaluated four doses of the candidate, met both the primary endpoints.
Data from the two highest dose (100 mg and 150 mg) treatment arms demonstrated significant improvement in the proportion of people who achieved at least a 20% improvement in the signs and symptoms of RA (ACR20), and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Bank Of America, Jefferies Group, Kroger Company, Lazard LTD., Regeneron Pharmaceuticals, Research In Motion Limited, Sanofi-Aventis SA, Ulta Salon, Cosmetics & Fragrance, VeriSign

Posted: 12 Sep 2011 06:36 AM PDT

    Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) posted second quarter 2011 earnings of $0.38 per share, which surpassed the Zacks Consensus Estimate of $0.32

    VeriSign Inc. (NASDAQ:VRSN) announced the resignation of its Chief Financial Officer Brian Robins, who stepped down to move on to other opportunities

    The Kroger Co. (NYSE:KR) posted second-quarter 2011 earnings of $0.41 per share, below the Zacks Consensus Estimate of $0.43 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pepsi Concludes Wimm-Bill-Dann Buy

Posted: 12 Sep 2011 06:36 AM PDT

In what is considered as the biggest foreign acquisition of a Russian company, Pepsico Inc. (NYSE:PEP) recently announced the completion of the acquisition of Russia’s leading branded food and beverage company Wimm-Bill-Dann Foods OJSC.
Wimm-Bill-Dann produces dairy products, juices, mineral water and baby food.
In December last year, Pepsico had made a bid of $5.4 billion for Wimm-Bill-Dann Foods to acquire the dairy and fruit juice company. In the first stage the retail-giant acquired 66% of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Retreats From 8-month High

Posted: 12 Sep 2011 06:34 AM PDT

Forexpros – The U.S. dollar erased gains against its Canadian counterpart on Monday, retreating from an eight-month high as risk aversion eased after International Monetary Fund officials said Greece was likely to receive its next tranche of aid later this month.

USD/CAD pulled back from 1.0026, the highest since January 31, to trade at 0.9966 during U.S. morning trade, dipping 0.05%.

The pair was likely to find short-term support at 0.9829, the low of September 8 and resistance at 1.0057, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Moves Back Above Old Trendline Support At 77.17

Posted: 12 Sep 2011 06:22 AM PDT

Global Markets Take A Hit On Greece Concerns

Posted: 12 Sep 2011 06:15 AM PDT

09/12/11 NYFP’s Morning Market Brief: Global markets start a new week on the downside on Greek default concerns, McGraw Hill splits into 2 public companies, & Obama to introduce American Jobs Act to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Germany Lays Out The Pool Towels As Greece Wobbles

Posted: 12 Sep 2011 06:15 AM PDT

It's not hard for vacationing tourists to become irritated by German holiday-goers who neatly lay out their pool towels seemingly before the sun is up. And with stories emanating that Germany is rolling out a Plan B in order to shore up its bankers in the event that Greece fails to qualify for its next bailout payment, it appears that Chancellor Merkel has already unrolled the nation's beach towels in an effort to deal with more collateral damage, which some claim will signal the break-up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold In Consolidation; Bearish Intent Below 1820

Posted: 12 Sep 2011 06:12 AM PDT

Previous: Gold and Silver Testing,and Cracking Important Support Levels (9/7)
Gold (XAU/USD)

Gold had a very sharp slide in the middle of last week. It appears to have flattened in the medium term. It is in congestion, reflecting indecision. But after every period of indecision is a period of decision, and a trend to some degree. Let's see if we will have a short-term bearish trend in the context of a medium term side-ways consolidation.

In the 1H chart, gold is spotted to be in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CF Industries Upgraded To Outperform

Posted: 12 Sep 2011 06:05 AM PDT

We are upgrading our recommendation on CF Industries Holdings Inc. (NYSE:CF) to Outperform from Neutral after the company posted excellent second-quarter 2011 results. CF Industries delivered $6.87 per share in the second quarter, striding ahead of the Zacks Consensus Estimate of $5.94. However, total sales of $1.8 billion missed the Zacks Consensus Estimate of $1.3 billion.
Cash and cash equivalents increased to $1.36 billion as of June 30, 2011 from $797.7 million as of December 31, 2010.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Upped To Neutral

Posted: 12 Sep 2011 06:05 AM PDT

We have upgraded our recommendation on The Goldman Sachs GroupInc. (NYSE:GS) to Neutral from Underperform based onthe company's cost reduction initiatives and broader outlook for client activity.
In July, Goldman reported second-quarter 2011 earnings per share of $1.85, significantly below the Zacks Consensus Estimate of $2.29. The results deteriorated owing to decreased revenue and poor performance at Institutional Client Services division, coupled with global macro-economic concerns. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Default Fears All Over Again

Posted: 12 Sep 2011 06:05 AM PDT

Renewed fears of Europe’s debt situation are expected to remain front and center today. The domestic economic calendar is relatively on thin side today, but we will be getting a host of important economic reports later this week that will give us fresh data points about inflation, retail sales, and the health of the nation’s manufacturing sector.

The CPI report on Wednesday and PPI on Tuesday will be important only in terms of their relevance to incremental easing moves from the Fed. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Trims Losses After IMF Says Greece Aid Likely

Posted: 12 Sep 2011 06:05 AM PDT

Forexpros – The euro trimmed losses against the yen on Monday, pulling back from a 10-year low after officials from the International Monetary Fund said Greece is likely to receive its next tranche of bailout aid later this month.

EUR/JPY pulled back from 103.90, the pair's lowest since mid-June 2001, to hit 105.46 during European afternoon trade, still down 0.45% on the day.

The pair was likely to find support at 103.90, the days low and a 10-year low and resistance at 107.99, Friday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Corrects Back Higher Today. Support At 1.5843 Currently.

Posted: 12 Sep 2011 06:01 AM PDT

The GBPUSD made new lows for the move down today but found good support buying at the 1.5800 area.  Looking at the hourly chart above, the GBPUSD held channel trendline support and has bounced higher. The price is now above the upper trendline from the channel developed over the last two days of trading. The next target on the hourly chart comes in at the 1.5916 which is teh low from Thursdays trade. The topside trendline comes in at the 1.5939 level. The 100 hour MA comes in at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Point To Sharply Lower Open; Dow Drops 1.5%

Posted: 12 Sep 2011 05:43 AM PDT

Forexpros – U.S. stock futures pointed to a sharply lower open on Monday, tracking steep losses in global equities as mounting concerns over a potential Greek debt default prompted investors to dump riskier assets.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 1.5%, the S&P 500 futures indicated a decline of 1.55%, while the Nasdaq 100 futures pointed to a 1.45% drop.

German media reported over the weekend that Germany's Finance Ministry was studying … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Breaks Higher In Early NY Trade. Probes Upside Levels

Posted: 12 Sep 2011 05:38 AM PDT

The EURUSD has broken back into an old channel for the pair at the 1.3649 level .  The pair has been losing downside momentum over the last few hours of trading  (see how the the price has moved back above downside channels trendlines in chart above) and shorts have been forced to cover. Upside resistance on the hourly chart now comes in against the 1.3705 level and above that the 1.3721 level which is the 38.2% of the move down from last Thursdays high (see chart above).
Looking at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PerkinElmer To Take Over Caliper

Posted: 12 Sep 2011 05:36 AM PDT

PerkinElmer (NYSE:PKI), a worldwide leader in environmental and human health, recently revealed that it has inked a definitive agreement to buy Caliper Life Sciences (NASDAQ:CALP). Caliper, based in Hopkinton, Massachusetts, is a front-runner in imaging and detection solutions with applications in diagnostics, environmental markets and life sciences research.
Caliper is a leading vendor of latest know-how permitting researchers to develop life-preserving diagnostics tests and medicines more rapidly. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Scripps Networks

Posted: 12 Sep 2011 05:35 AM PDT

We reaffirm our long-term Neutral recommendation on Scripps Networks Interactive Inc. (NYSE:SNI). The second quarter of 2011 was a mixed bag for the company. However, Scripps Networks witnessed significant growth in advertising and affiliate-fee revenue at its flagship Lifestyle Media businesses and higher segment profit. We believe both advertising revenue and affiliate fee revenue will remain healthy in the near future.
Scripps Networks has undertaken an initiative to explore international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Cracks Parity; What’s Next?

Posted: 12 Sep 2011 05:30 AM PDT

Previous: Stalking USD/CAD's Corrective Channel (9/8)
USD/CAD

The USD/CAD has consolidating below the 1.0, parity level for all of August. To start September, the market broke above a consolidation pattern and is now cracking the important parity level.
However, the most important break was that of the parity level which was psychological resistance.
At the moment, we should not be so quick to assess this as a break. It is cracking, but such an important pivot should be broken, then … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Equities Routed, Yen Gains, 10-Year Bunds Hit Record Low Yields

Posted: 12 Sep 2011 05:27 AM PDT

We began discussing the latest developments for the Euro-zone here – with the main development over the weekend being the adoption of further taxes by Greece in order to secure its latest round of funding from the IMF/EU.
While that will take away some of the very short term pressure, the sovereign debt crisis has intensified as markets are become more and more convinced of a Greek default, and Germany drew up plans to protect their banks from a 50% haircut scenario on Greek debt.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Trims Gains As Euro Firms Up On Greece Hopes

Posted: 12 Sep 2011 05:26 AM PDT

Forexpros – The U.S. dollar trimmed gains against its major counterparts on Monday, as the euro firmed up after International Monetary Fund officials said Greece was likely to receive its next tranche of aid later this month.

During European afternoon trade, the greenback slipped against the euro, with EUR/USD easing up 0.08% to hit 1.3665.

The announcement came after Greece's government said Sunday that it will impose a new property tax to cover a EUR2 billion gap in its budget targets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Pares Losses But Remains Under Pressure

Posted: 12 Sep 2011 05:10 AM PDT

Forexpros – The pound trimmed losses against the U.S. dollar on Monday, pulling back from a nine-week low as bargain hunting lifted the currency, but the pound remained under pressure as worries over the debt crisis in the euro zone weighed.

GBP/USD pulled back from 1.5792, the pair's lowest since July 12, to hit 1.5870 during European afternoon trade, down just 0.06% on the day.

Cable was likely to find support at 1.5717, the low of January 13 and resistance at 1.5948, the high of July … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Finds Support At 1.35 With Room For A Corrective Rally To 1.3745

Posted: 12 Sep 2011 04:42 AM PDT

Prev: A Weak EUR Means a Weak CHF…(9/9)
EUR/USD

The EUR/USD has been in pretty much a free fall after break below 1.40.
To start this week, the market pushed i lower with a gap.
In the European session to start the week of 9/11, it finally found support at 1.35 as the market is attempting to close the opening gap.
Looking at the 4H chart, we see that the gap is about to close and the RSI is about to rise back up from the oversold area.
If we take the swing from 1.4550 down to 1.35, a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Close To 7-month Trough As Debt Woes Weigh

Posted: 12 Sep 2011 04:33 AM PDT

Forexpros – The beleaguered euro remained close to a seven-month trough against the U.S. dollar on Monday, as concerns over a debt default by Greece mounted, while major French lenders prepared for possible downgrades.

EUR/USD hit 1.3500 during European early afternoon trade, the pair's lowest since February 16; the pair subsequently consolidated at 1.3626, down 0.19%.

The pair was likely to find support at 1.3367, the low of January 19 and resistance at 1.3855, the high of February … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Close To 4-month High Against Swiss Franc

Posted: 12 Sep 2011 03:47 AM PDT

Forexpros – The U.S. dollar was trading close to a four-month high against the Swiss franc on Monday, as concerns over the ongoing debt crisis in the euro zone boosted demand for the dollar after last week's intervention by the Swiss National Bank diminished the franc's safe haven appeal.

USD/CHF hit 0.8927 during European morning trade, the pair's highest since May 16; the pair subsequently consolidated at 0.8853, gaining 0.22%.

The pair was likely to find support at 0.8705, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grain Futures Mixed As USDA Supply Report Eyed

Posted: 12 Sep 2011 03:35 AM PDT

Forexpros – Grain futures were mixed on Monday, as markets awaited the release of a key monthly U.S. government report on U.S. and global grain supplies.

On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD7.2913 a bushel during European morning trade, edged 0.07% higher.

Meanwhile, corn for December delivery shed 0.25% to trade at USD7.3475 a bushel, while soybeans for November delivery eased up 0.13% to trade at USD14.2850 a bushel.

The U.S. Department of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDonald’s Sales Trail Estimates, But Posts 100th Month Of Gains

Posted: 12 Sep 2011 03:00 AM PDT

09/12/11 McDonald’s global sales results for August grew 3.5%, but missed expectations. Still global sales for the fast food giant rose for the 100th straight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Eases Off 6-month Low Against Pound

Posted: 12 Sep 2011 02:41 AM PDT

Forexpros – The euro trimmed back losses against the pound on Monday, easing off a six-month low amid speculation that the European Central Bank was buying Spanish and Italian government debt.

EUR/GBP pulled away from 0.8532, the pair's lowest since March 3, to hit 0.8592 during European morning trade, down just 0.04% on the day.

The pair was likely to find support at 0.8458, the low of March 1 and resistance at 0.8655, the high of March 11.

The single currency was pressured lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Plunge As French Lenders Tumble; DAX Falls 3%

Posted: 12 Sep 2011 02:21 AM PDT

Forexpros – European stock markets were down sharply on Monday, amid mounting concerns over a possible Greek debt default, while shares in French lenders tumbled amid fears of an imminent credit downgrade.

During European morning trade, the EURO STOXX 50 plunged 3.8%, France's CAC 40 sank 4%, while Germany's DAX 30 tumbled 3%.

German media reported over the weekend that Germany's Finance Ministry was studying the impact of a possible Greek default, including a scenario in which the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals As Risk Appetite Crumbles

Posted: 12 Sep 2011 01:51 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Monday, as concerns over the sovereign debt crisis in the euro zone mounted, spurring increased safe haven demand.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.41% to hit 1.3598.

The single currency was pressured lower after media reports that Germany's government has planned to insulate the country's banking sector in the event that Greece is forced to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Fall To 4-day Low On Dollar, EZ Debt Woes

Posted: 12 Sep 2011 01:31 AM PDT

Forexpros – Crude oil futures extended sharp losses from the previous session on Monday, dropping to a four-day low as the dollar strengthened amid fears that Greece will default on its debts.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD85.41 a barrel during European morning trade, tumbling 2.1%.

It earlier fell as much as 2.55% to trade at USD85.02 a barrel, the lowest price since September 6.

Concerns over a Greek debt default were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Hits 9-week Low On Euro Zone Debt Woes

Posted: 12 Sep 2011 01:11 AM PDT

Forexpros – The pound fell to a nine-week low against the broadly stronger dollar on Monday, as fears that the debt crisis in the euro zone is worsening bolstered safe haven demand.

GBP/USD hit 1.5792 during early European trade, the pair's lowest since July 12; the pair subsequently consolidated at 1.5813, shedding 0.50%.

Cable was likely to find support at 1.5717, the low of January 13 and resistance at 1.5862, the days high.

The euro was hit by media reports that Germany's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Major Miners Acquiring Undervalued Juniors In 2012

Posted: 12 Sep 2011 12:54 AM PDT

Recently two mining giants – Goldcorp(NYSE:GG) and Barrick Gold (NYSE:ABX) — published their bullish earnings reports showing increasing margins due to a rising gold price. Here is a perfect example of a report that's trying to tell us something. The hidden message in these glowing statements is of great significance to gold traders. What is the other side of the story?
The fly in the ointment may be that the majors need new blood. They are having difficulty making progress with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Drops To 4-day Low Against Broadly Stronger Yen

Posted: 12 Sep 2011 12:53 AM PDT

Forexpros – The U.S. dollar was down against the broadly stronger yen on Monday, falling to a four-day low as concerns that the debt crisis in the euro zone is deepening saw investors flock to safe haven assets.

USD/JPY hit 76.76 during late Asian trade, the pair's lowest since September 6; the pair subsequently consolidated at 76.84, tumbling 0.95%.

The pair was likely to find support at 76.29, the low of August 11 and resistance at 77.58, the days high.

Concerns over a default by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Drop As Broadly Stronger Dollar Weighs

Posted: 12 Sep 2011 12:35 AM PDT

Forexpros – Gold futures came under pressure on Monday, as mounting fears over a potential Greek default sent the U.S. dollar higher, undermining the appeal of commodities.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,835.95 a troy ounce during late Asian trade, dropping 1.1%.

It earlier fell as much as 1.7% to trade at a daily low of USD1,826.55 a troy ounce.

Germany's Der Spiegel magazine reported over the weekend that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Tumbles To 3-week Low Amid Flight To Safety

Posted: 12 Sep 2011 12:26 AM PDT

Forexpros – The Australian dollar tumbled to a three-week low against its U.S. counterpart on Monday, as concerns over the ongoing sovereign debt crisis in the euro zone weighed on demand for riskier assets.

AUD/USD hit 1.0293 during late Asian trade, the pair's lowest since August 12; the pair subsequently consolidated at 1.0304, falling 1.57%.

The pair was likely to find support at 1.0244, the low of August 12 and resistance at 1.0440, the days high.

Market sentiment was weighed by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Hits 3-week Low Amid Euro Zone Debt Concerns

Posted: 12 Sep 2011 12:13 AM PDT

Forexpros – The New Zealand dollar was down against its U.S. counterpart on Monday, falling to a three week low as ongoing concerns over a possible sovereign debt default by Greece saw investors shun riskier assets.

NZD/USD hit 0.8131 during late Asian trade, the pair's lowest since August 11; the pair subsequently consolidated at 0.8133, falling 1.04%.

The pair was likely to find support at 0.8062, the low of August 10 and resistance at 0.8216, the days high.

Concerns over a possible … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Where’s The Bottom?

Posted: 12 Sep 2011 12:07 AM PDT

As stocks cratered Friday on renewed concerns over a Greek default, investors are undoubtedly asking, “Where’s the bottom?”

I believe that investor sentiment is by no means at bearish extremes for a meaningful bottom to be put in at current levels. Bespoke recently conducted an (unscientific) poll that showed an excess of bulls.

The VIX Index, which is a measure of fear, has spiked. Readings are elevated but nowhere near either recent highs or Lehman Crisis extremes.

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

Asia Stocks Tumble On Greek Default Fears; Nikkei Drops 2.3%

Posted: 11 Sep 2011 11:45 PM PDT

Forexpros – Asian stock markets tumbled on Monday, with exporters and financials leading losses as mounting concerns over a potential Greek debt default prompted investors to shun riskier assets.

During late Asian trade, Hong Kong’s Hang Seng Index plunged 3.7%, Australia's ASX/200 Index dropped 3.8%, while Japan's Nikkei 225 Index sank 2.3%.

Germany's Der Spiegel magazine reported over the weekend that Germany's Finance Ministry was studying the impact of a possible Greek default, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Tumbles To 7-month Low On Greece Fears

Posted: 11 Sep 2011 11:34 PM PDT

Forexpros – The euro added to recent losses against the U.S. dollar on Monday, sliding to a seven-month low as concerns over the possibility of a sovereign debt default by Greece escalated.

EUR/USD hit 1.3500 during late Asian trade, the pair's lowest since February 16; the pair subsequently consolidated at 1.3539, tumbling 0.83%.

The pair was likely to find support at 1.3367, the low of January 19 and resistance at 1.3855, the high of February 28.

On Sunday, Greece’s government … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Valero Energy (VLO)

Posted: 11 Sep 2011 11:05 PM PDT

Valero Energy’s (NYSE:VLO) second quarter earnings climbed more than 39% year over year. The growth was backed by the overall improvement in the refining environment and higher feedstock discounts. Valero Energy remains enthusiastic about the third quarter and is consistently reviewing its refining portfolio and enhancing the asset base by acquiring refinery assets that enhance its operating performance.
We expect Valero’s 2011 and 2012 earnings to benefit from improving U.S. and global economies, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: McDermott International (MDR)

Posted: 11 Sep 2011 11:05 PM PDT

Following a second quarter earnings miss, we are downgrading McDermott International (NYSE:MDR) shares to Underperform from Neutral. The company recently reported lower-than-expected EPS for the June quarter, adversely affected by a less favorable geographic mix and weak margins in the Middle East.
Near-term bookings remain lumpy at McDermott, as the current uncertain environment has hurt the economics of building new oil and gas infrastructure. Additionally, the transfer of the power generation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Verifone Systems, Inc.

Posted: 11 Sep 2011 11:05 PM PDT

Verifone Systems, Inc. (PAY) struggled with the market in July and August, but shares recently got a nice boost after the company reported strong Q3 results that included big gains from last year. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is developing a case of momentum.
Company Description
Verifone Systems, Inc. designs and sells both hardware and software payment systems worldwide. The company was founded in 1981 and has a market cap of $3.2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Roadrunner Transportation Services

Posted: 11 Sep 2011 11:05 PM PDT

Roadrunner Transportation Systems (RRTS) has beaten expectations in the past 2 quarters, setting a pair of company records in the last period.
With rising estimates and good valuations RRTS is worth a look.
Company Description
Roadrunner Transportation Systems is a transportation and logistics company with offerings ranging from domestic less-than-truckload services to international air.
Record Earnings
On Aug 3 Roadrunner reported a record high for operating income and earnings per share. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 11 Sep 2011 10:40 PM PDT

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

EUR/USD was trading at 1.3536, down 0.86% at time of writing.

The pair was likely to find support at 1.3500, today's low, and resistance at 1.4150, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.55% to hit 0.8550 and EUR/JPY falling 1.45% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Latest Developments In Euro – Greece, Banks, And Germany

Posted: 11 Sep 2011 10:21 PM PDT

The troubles for the Euro-zone crisis have reverberated around Europe this summer. Concerns about Italy's budget have seen the ECB having to step in and defend Italy's and Spain's debt in the secondary market. Concerns about sovereign debt holdings of Greek, Irish, Portuguese, Italian and Spanish debt by European banks has seen stock prices fall precipitously  – in Italy, Spain, France and Germany.</</ >pre are the latest developments to look out for this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 11 Sep 2011 10:15 PM PDT

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

GBP/USD was trading at 1.5827, down 0.34% at time of writing.

The pair was likely to find support at 1.5821, Monday's low, and resistance at 1.6083, Thursday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.57% to hit 0.8549 and GBP/JPY falling 1.00% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Fears Much Ado About Nothing

Posted: 11 Sep 2011 10:00 PM PDT

Markets in Hong Kong, Vietnam, Taiwan and Korea are closed this week as people across Asia celebrate Moon Festival, one of the culture's most beloved holidays along with Chinese New Year. Moon Festival's origins center around a husband (Houyi) and wife (Chang'e), who were sentenced to live eternally separated on the sun and the moon.
Chang'e, representing "Yin," lives on the moon and Houyi, representing "Yang," lives on the sun. Once a year, on the night of the Mid-Autumn … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Return Of The Euro Shorts

Posted: 11 Sep 2011 09:51 PM PDT

Back in July I wrote an article discussing the fact that the Euro had failed so far to come under pressure during this wave of the European debt crisis.  In fact it was still in a technical uptrend since bottoming in 2010 after the first wave of the Euro crisis.  Last week the picture for the Euro changed significantly as it fell -3.90% for the week and fell out of a trading range between 140 and 145.  The breakdown out of this trading range could be the beginning of a new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 11 Sep 2011 09:50 PM PDT

Forexpros – The Euro was lower against the Swiss Franc on Monday.

EUR/CHF was trading at 1.2057, down 0.08% at time of writing.

The pair was likely to find support at 1.2035, Wednesday's low, and resistance at 1.2188, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.72% to hit 1.3556 and EUR/JPY falling 1.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down In Asian Trading Hours

Posted: 11 Sep 2011 09:20 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Monday after the release of Japanese data on Tertiary Industry Activity Index.

GBP/JPY was trading at 122.80, down 0.33% at time of writing.

The pair was likely to find support at 122.38, Friday's low, and resistance at 124.39, Thursday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell unexpectedly to a seasonally adjusted -0.1% last month from 1.9% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down In Asian Trading Hours

Posted: 11 Sep 2011 08:45 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of Japanese data on Tertiary Industry Activity Index.

USD/JPY was trading at 77.49, down 0.13% at time of writing.

The pair was likely to find support at 77.08, Wednesday's low, and resistance at 77.86, Friday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell unexpectedly to a seasonally adjusted -0.1% last month from 1.9% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In Asian Trade

Posted: 11 Sep 2011 08:05 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Trade Balance.

AUD/USD was trading at 1.0381, down 0.85% at time of writing.

The pair was likely to find support at 1.0363, today's low, and resistance at 1.0661, Wednesday's high.

Earlier in the day, official data showed that Australia's trade balance rose less-than-expected to a seasonally adjusted 1.83B last month from 2.05B in the preceding month.

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

Forex – EUR/USD Down During The Asian Session

Posted: 11 Sep 2011 07:35 PM PDT

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

EUR/USD was trading at 1.3582, down 0.53% at time of writing.

The pair was likely to find support at 1.3516, today's low, and resistance at 1.4150, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8571 and EUR/JPY falling 0.60% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Social Mood Is Saying About The S&P 500

Posted: 11 Sep 2011 07:24 PM PDT

JW Jones – www.OptionsTradingSignals.com
Social mood is absolutely horrible right now. In my experience as a trader I do not recall a similar time frame in my life. Social mood has deteriorated to the point that it would not surprise me to see two grown men come to blows over a fantasy football draft. Oh wait, that happens every year!
In all seriousness, the world seems to be getting more dangerous every day. At this point I think even Mother Earth is socially frustrated as she wreaks havoc … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brent Crude Oil Has A Double Top Forming; Scope For 100 If 108.50 Breaks

Posted: 11 Sep 2011 07:07 PM PDT

Brent Crude

The oil rally since hitting 100 in August has been an ABC correction as seen in the 4H chart.
However, the rally has stalled under 115.50, with a couple of attempts failing to break above.
This price action appears to be forming a double top with support at 108.45-108.50.
Below this pivot we first open up the pivot at B, of 105-105.10.
Then below that, we open the target of 100.00, which is just about the origin of the rally, and the August low.
The daily chart shows a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On Economic Data

Posted: 11 Sep 2011 06:45 PM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Trade Balance.

AUD/USD was trading at 1.0407, down 0.61% at time of writing.

The pair was likely to find support at 1.0394, today's low, and resistance at 1.0661, Wednesday's high.

Earlier in the day, official data showed that Australia's trade balance rose less-than-expected to a seasonally adjusted 1.83B last month from 2.05B in the preceding month.

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

Australia’s Trade Balance Rises Less-than-expected

Posted: 11 Sep 2011 06:40 PM PDT

Forexpros – Australia's trade balance rose less-than-expected last month, official data showed on Monday.

In a report, Australian Bureau of Statistics said that Australia's trade balance rose to a seasonally adjusted 1.83B, from 2.05B in the preceding month.

Analysts had expected Australia's trade balance to rise 1.90B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Possibly Completed A Zig Zag Correction; 77.00 Is Critical Pivot

Posted: 11 Sep 2011 06:39 PM PDT

USD/JPY

There are a couple of bullish signals in the 4H chart. 1) RSI has tagged 70, and has remained above 40. 2) Price action has broken above the 200SMA, and appears so far to respect it as support.
However, the structure of USD/JPY's rally since the August, and all-time low at 95.94 appears to be a corrective one so far.
The rally looks like an ABC zig zag, where A is in the (a)(b)(c) structure along with B, but C has a (1)(2)(3)(4)(5) "motive" structure.
All together, this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

1980 Gold Parabola, BGMI, HUI And Some Small Miners With Big Earnings

Posted: 11 Sep 2011 06:09 PM PDT

I’ve spent the past couple of weeks learning a new skill – making charts using Microsoft Excel. This article will use my new skills to compare gold’s current C-wave development with gold’s great parabola that concluded on January 21, 1980, as well as examine the historic relationship of gold with gold mining stocks using both the BGMI (Barron’s Gold Mining Index) and HUI (Amex Gold Bugs Index). Then we will conclude with some charts of miners that appear to have not only … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘I’m Doing What I Can To Survive With The Little Money That I Have.’

Posted: 11 Sep 2011 06:04 PM PDT

No sign of any recovery here (no hope or change, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down In Asian Trading Hours

Posted: 11 Sep 2011 06:00 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of Japanese data on Tertiary Industry Activity Index.

USD/JPY was trading at 77.55, down 0.05% at time of writing.

The pair was likely to find support at 77.08, Wednesday's low, and resistance at 77.86, Friday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell unexpectedly to a seasonally adjusted -0.1% last month from 1.9% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down In Asian Trade

Posted: 11 Sep 2011 05:30 PM PDT

Forexpros – The Euro was lower against the Japanese Yen on Monday after the release of Japanese data on Tertiary Industry Activity Index.

EUR/JPY was trading at 105.51, down 0.40% at time of writing.

The pair was likely to find support at 105.05, Monday's low, and resistance at 109.09, Wednesday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell unexpectedly to a seasonally adjusted -0.1% last month from 1.9% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down On Economic Data

Posted: 11 Sep 2011 05:05 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of Japanese data on Tertiary Industry Activity Index.

USD/JPY was trading at 77.54, down 0.06% at time of writing.

The pair was likely to find support at 77.08, Wednesday's low, and resistance at 77.86, Friday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell unexpectedly to a seasonally adjusted -0.1% last month from 1.9% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Tertiary Index Falls Unexpectedly

Posted: 11 Sep 2011 05:00 PM PDT

Forexpros – Japan's tertiary industry activity index fell unexpectedly last month, official data showed on Sunday.

In a report, METI said that Japanese tertiary industry activity index fell to a seasonally adjusted -0.1%, from 1.9% in the preceding month.

Analysts had expected Japanese tertiary industry activity index to rise 0.3% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down In Asian Trading Hours

Posted: 11 Sep 2011 04:55 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Sunday.

GBP/JPY was trading at 122.91, down 0.24% at time of writing.

The pair was likely to find support at 122.38, Friday's low, and resistance at 125.05, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.17% to hit 1.5854 and EUR/GBP falling 0.31% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down During The Asian Session

Posted: 11 Sep 2011 03:50 PM PDT

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

NZD/USD was trading at 0.8196, down 0.30% at time of writing.

The pair was likely to find support at 0.8186, today's low, and resistance at 0.8388, Tuesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.04% to hit 1.2733 and EUR/NZD falling 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The Asian Session

Posted: 11 Sep 2011 03:30 PM PDT

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

GBP/USD was trading at 1.5843, down 0.24% at time of writing.

The pair was likely to find support at 1.5821, today's low, and resistance at 1.6202, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.27% to hit 0.8575 and GBP/JPY falling 0.35% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down In Asian Trade

Posted: 11 Sep 2011 03:00 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Sunday.

USD/JPY was trading at 77.52, down 0.09% at time of writing.

The pair was likely to find support at 76.72, Tuesday's low, and resistance at 77.86, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.52% to hit 1.3582 and GBP/USD falling 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 11 Sep 2011 02:25 PM PDT

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

EUR/USD was trading at 1.3561, down 0.68% at time of writing.

The pair was likely to find support at 1.3558, today's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.34% to hit 0.8568 and EUR/JPY falling 0.76% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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