DailyMarkets.com - Citrix Systems Remains Neutral

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• Citrix Systems Remains Neutral
• A “Synthesis Approach” To Valuation
• Novo Nordisk Files Degludec In EU
• Activision’s New Offering In Stores
• Hot Option Plays: Market Doing Laundry
• Hot Option Plays: Bear Trend Still In Place
• Comstock Keeps Neutral Rec
• PACCAR Plans Brazilian Plant
• Forex – AUD/USD Down In U.S. Trade
• Eni To Buy North Sea Gas Stake
• Bayer’s Cancer Candidate Encourages
• Forex – USD/JPY Down During The U.S. Session
• Interesting Fact Of The Day: Greece Vs. Maryland
• Waddell & Reed Reaffirmed Neutral
• Diamond Foods Reiterated At Neutral
• ISM Manufacturing Up In September
• Integra Acquires Ascension
• “Be Diversified…stay In Defensive Stocks”
• European Markets Close Lower; Dax Down 2.28%
• Dollar Rises On Improved Manufacturing Data, Euro Touches 9-month Low Vs. Greenback
• DOW And K2 Start Chlor-alkali Plant
• Starwood To Revamp Colorado Hotels
• Clues From Early Earnings Reports
• Can Crude Snap Out Of Bear Market?
• Conmed Reaffirmed Neutral
• Boston Scientific Shows Upbeat Data
• Forex Trading: EURUSD Reaches First Target Resistance
• Forex – Dollar Remains Broadly Higher On E.Z. Woes
• Aggressive Growth Stock: Allot Communications
• Canada’s Tougher Anti-smoking Campaign
• Las Vegas Sands Initiated At Neutral
• GOL Inks Codeshare MOU
• Dr. Reddy’s, JB Chemicals End Deal
• Fluor Completes Virginia Project
• Changan Ford’s New Plant In China
• Consumers Energy, SmartSynch Tie Up
• Rio Raises Stake In Ivanhoe Mines
• Mechel Partners With SAP
• Natural Gas Futures Slump To 11-month Low On U.S. Weather
• Forex Trading: GBP/USD Targets Downtrend Continuation
• Forex Trading: AUDUSD Bounces Off The 50% Retracement. 0.9664
• Forex – GBP/USD Extends Losses As Greece Woes Weigh
• Forex – EUR/USD Tumbles To 81/2 Month Low On Greece Fears
• U.S. Stocks Fall On Greece Concerns; Dow Edges Down 0.10%
• Gold Futures Climb For Third Day As Greece Default Fears Deepen
• Forex Trading: EURUSD Bounces Off Support At 1.3243…for Now At Least
• Forex Trading: EURUSD Looks To Test Support At 1.3243
• Wall Street Lower, Pares Losses After US Data
• Crude Oil Futures Ease Off 7-week Low After ISM Data
• Updating The Current Triple US Equity Index Range Boundaries For Reference
• Crude Drops Below $78 On Greece Default Concerns
• Global Equities Take A Dive On Greece Deficit Announcement
• USD/JPY Down During The U.S. Session
• European Markets Close Lower; Dax Down 2.28%
• Forex – Dollar Remains Broadly Higher On E.Z. Woes
• GBP/USD Extends Losses As Greece Woes Weigh
• U.S. Stocks Fall On Greece Concerns; Dow Edges Down 0.10%
• EUR/USD Tumbles To 81/2 Month Low On Greece Fears
• Natural Gas Futures Slump To 11-month Low On U.S. Weather
• Gold Futures Climb For Third Day As Greece Default Fears Deepen
• Crude Oil Futures Ease Off 7-week Low After ISM Data

Citrix Systems Remains Neutral Posted: 03 Oct 2011 12:05 PM PDT Citrix Systems Inc. (NASDAQ:CTXS) declared strong financial results for the second quarter of 2011, beating the Zacks Consensus Estimates. Global trends toward virtualization and cloud computing are facilitating Citrix to report impressive results. Management raised its financial forecast for full-year 2011. As a leading provider of enterprise software with desktop virtualization at its core, the company will benefit from the latest trend of globalization. We believe the virtualization market will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A “Synthesis Approach” To Valuation Posted: 03 Oct 2011 12:05 PM PDT The time to buy has always been when others are despondently selling. Valuations on stocks look very compelling right now, with the S&P 500 trading for just 11.85x 2011 and 10.75x 2012 earnings, after Friday's plunge. Put in terms of earnings yields, we are looking at 8.44% and 9.30%, while 10-year T-notes are only at 1.92%. The old "Fed Model" suggested that the forward earnings yield (call it 8.80%) should be in line with the 10-year note. Instead, we have the dividend yield on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novo Nordisk Files Degludec In EU Posted: 03 Oct 2011 12:05 PM PDT Novo Nordisk (NYSE:NVO) recently filed regulatory applications for its much anticipated pipeline candidates, Degludec and DegludecPlus, in Europe. Novo Nordisk plans to file regulatory application in the US in the next few weeks. Degludec and DegludecPlus are next-generation insulin analogues for the treatment of type I and type II diabetes. Degludec is an ultra long-acting basal insulin and DegludecPlus is a fixed ratio combination of Degludec and NovoRapid. Novo Nordisk conducted a large late … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Activision’s New Offering In Stores Posted: 03 Oct 2011 12:05 PM PDT Activision Blizzard Inc. (NASDAQ:ATVI) recently announced the availability of Cabela’s Big Game Hunter 2012 in stores. The title can be played on Microsoft Corp.'s (NASDAQ:MSFT) Xbox 360, Sony Corp.'s (NYSE:SNE) PlayStation 3 and Nintendo's Wii gaming consoles. The game features the Top Shot Elite plastic gun peripheral, which was first offered with Cabela’s Dangerous Hunts 2011 released in 2010. The gamers also have the option of purchasing the peripheral separately. Cabela’s Big Game Hunter 2012 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Doing Laundry Posted: 03 Oct 2011 11:41 AM PDT Cusick’s Corner The market has headlines to absorb but it is not about the EU but rather China and the East are weighing on macro minds. There is some pressure on financial names, most notably Morgan Stanley (NYSE:MS) (I have a small bear put spread in this name), due to exposure to Greece and French banks. This is what the market looks like after washing out the weak longs yesterday and squeezing out the weak longs today. We can now expect some chop into the close, especially with this being the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bear Trend Still In Place Posted: 03 Oct 2011 11:41 AM PDT Cusick’s Corner The swing in the market has led to a lot of frustration with traders and investors. This is like watching a fight between two kids, a lot of kicking and scratching but no punches thrown. This is one whippy consolidation and the downside is still in play until we can get over resistance, 1225 on the S&Ps, this would signal some relinquishment of the bears. So the take away this week is the bear trend is still in place, the velocity to the upside is the true risk due to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comstock Keeps Neutral Rec Posted: 03 Oct 2011 11:30 AM PDT We are maintaining a long-term Neutral rating on Comstock Resources (NYSE:CRK), owing to its array of low-risk development drilling opportunities and strong balance sheet, partially offset by weak macro conditions and a challenging operating environment. Frisco, Texas-based Comstock Resources, Inc. is an independent oil and gas exploration and production company engaged in acquisition, exploration, and development of oil and gas properties. The company's operations are concentrated primarily in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PACCAR Plans Brazilian Plant Posted: 03 Oct 2011 11:30 AM PDT PACCAR Inc. (NASDAQ:PCAR) announced that it will build a truck assembly plant in the city of Ponta Grossa, located in the state of Paraná in Brazil for its DAF line-up. The company plans to invest $200 million on the 330,000-square-foot assembly facility. The new plant will be designed to assemble DAF LF, CF and XF line-ups in order to meet the growing demand of the Brazilian transport industry. The company has chosen Ponta Grossa due to its productive workforce and proximity to strategic supplier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 03 Oct 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index. AUD/USD was trading at 0.9588, down 0.77% at time of writing. The pair was likely to find support at 0.9552, today's low, and resistance at 0.9955, Wednesday's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month. Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni To Buy North Sea Gas Stake Posted: 03 Oct 2011 11:05 AM PDT Italian energy company, Eni SpA (NYSE:E) has reached an agreement with French power group GDF Suez to acquire a 10.4% stake in Elgin-Franklin gas condensates fields for EUR 590 million (US$804.5 million). The two fields –– Elgin and Franklin –– is operated by the French oil company Total SA (NYSE:TOT) with a 46.2% share and has a daily production potential of 175,000 barrels of condensate and 15.5 million cubic meters of gas at its peak level. Located in the Central Graben area of the U.K. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bayer’s Cancer Candidate Encourages Posted: 03 Oct 2011 11:05 AM PDT Bayer (BAYRY) presented encouraging final data from a late-stage study (ALSYMPCA: n=922) on its cancer candidate alpharadin. The late-stage study evaluated the candidate for treating castration-resistant (hormone refractory) prostate cancer in patients with bone metastases. Bayer is co-developing alpharadin with Norway-based entity Algeta ASA. Results from the randomized, double-blind, multi-dose, placebo-controlled international study revealed that treatment with alpharadin improved overall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The U.S. Session Posted: 03 Oct 2011 10:45 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on ISM Manufacturing Index. USD/JPY was trading at 76.56, down 0.63% at time of writing. The pair was likely to find support at 76.34, Wednesday's low, and resistance at 77.27, Monday's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month. Analysts had expected the ISM manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interesting Fact Of The Day: Greece Vs. Maryland Posted: 03 Oct 2011 10:37 AM PDT In terms of economic output in 2010, the GDP of Greece at $305 billion is just slightly larger than the GDP of America’s 15th largest state, which is Maryland at $295 billion. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waddell & Reed Reaffirmed Neutral Posted: 03 Oct 2011 10:35 AM PDT We have reiterated our Neutral recommendation on Waddell & Reed Financial Inc. (NYSE:WDR) after a thorough review of its second-quarter 2011 earnings results and continuous improvement in its assets under management (AUM). Waddell & Reed's second-quarter 2011 earnings per share were a penny ahead of the Zacks Consensus Estimate. The results in the quarter were primarily aided by higher gross sales across all the company's revenue channels, improved revenues, growth in AUM, lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diamond Foods Reiterated At Neutral Posted: 03 Oct 2011 10:35 AM PDT We have maintained our long-term Neutral recommendation on Diamond Foods Inc. (NASDAQ:DMND). Diamond Foods is the U.S. leader in the culinary and in-shell nut category with approximately 37% market share. Diamond Foods is focused on increasing market share by expanding the existing nut product lines and introducing new nut products in the United States and worldwide. Management’s strategic plan is based on providing higher-margin branded nut products at premium price points. The branding strategy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ISM Manufacturing Up In September Posted: 03 Oct 2011 10:35 AM PDT The Institute for Supply Management's (ISM) manufacturing index rose to 51.6 in September from 50.6 in August. While the number is up, the level is at best mediocre. However, it represents a major positive surprise. The consensus had been looking for the index to fall to 50.5. In other words, the manufacturing economy is still expanding, but still very slowly. Still, if one steps back a bit, the decline in the overall index has been stunning. Back in February it was at 61.4, the highest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Integra Acquires Ascension Posted: 03 Oct 2011 10:35 AM PDT Recently, Integra LifeScience Holdings Corporation (NASDAQ:IART) acquired Ascension Orthopedics, Inc, for approximately $65 million in cash. Texas-based Ascension primarily manufactures innovative foot, hand and shoulder implants. Post acquisition, Ascension products are expected to represent approximately 45% of Integra’s Orthopedics revenues. The company strongly believes that the acquisition will be a strategic fit for its business. The upper extremity and shoulder implants of Ascension should … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Be Diversified…stay In Defensive Stocks” Posted: 03 Oct 2011 10:10 AM PDT 10/03/11 Meridian Equity Partners’ Stephen Guilfoyle weighs in on the outlook for the equity markets for the final quarter of 2011. Expectations for this week’s central bank rate announcements and NFP are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 2.28% Posted: 03 Oct 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 2.28%, London's FTSE 100 shed 1.03%, France's CAC 40 declined 1.85% and the EURO STOXX 50 was down 1.90%. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month. Analysts had expected the ISM manufacturing PMI to fall to 50.5 last month. Meanwhile, on Wall Street, equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Rises On Improved Manufacturing Data, Euro Touches 9-month Low Vs. Greenback Posted: 03 Oct 2011 10:00 AM PDT 10/03/11 The euro currency fell to a 9-month low against the dollar this afternoon after Greece admitted that it will not meet its budget deficit forecasts. Meanwhile, strong ISM manufacturing data pushed the dollar even … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DOW And K2 Start Chlor-alkali Plant Posted: 03 Oct 2011 09:55 AM PDT The largest U.S. chemicals manufacturer, The Dow Chemical Company (NYSE:DOW) and K2 Pure Solutions announced an agreement for K2 to build and operate a bleach plant at Dow’s Pittsburg, California site. The new plant will serve municipal water treatment markets in Northern California. K2 will lease an additional facility to Dow, which K2 will operate to generate chlorine and caustic soda for use by Dow. Dow will use these materials to manufacture crop protection products at its Pittsburg site. K2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starwood To Revamp Colorado Hotels Posted: 03 Oct 2011 09:55 AM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) entered into a management deal with Starwood Capital Group to renovate two premier resorts –– Silvertree Hotel and the Wildwood Lodge –– in Snowmass Village, Colorado. Both locations are owned by a joint venture between Starwood Capital Group and Wasserman Real Estate, which purchased the properties in June. The properties enjoy a prime location in one of the world's top ski resort communities. This makes them strategically fit for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Clues From Early Earnings Reports Posted: 03 Oct 2011 09:55 AM PDT We just have 23, or 4.6%, of the S&P 500 firms reporting “third quarter” earnings so far, so it is way to early draw any firm conclusions about how the quarter is shaping up. The year-over-year growth rate for the S&P 500 is 8.6%, way off the 21.0% pace those same 23 firms posted in the second quarter. Of far more importance are the expectations for the 477 who have yet to report. Growth for them is expected to slow just slightly, to 9.5% over the third quarter of 2010, down from 10.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can Crude Snap Out Of Bear Market? Posted: 03 Oct 2011 09:36 AM PDT Monday, October 3, 2011 Crude Oil finds itself mired in a bear market, after closing more than 20% off of late April/early May highs. Traders have had little positive economic news to latch onto, especially in housing and employment. This paints a negative demand outlook. Couple this with lower growth forecasts for China, and it is not difficult to see why bulls have left the market. Technically, Crude Oil is in a textbook bear market, but there has not yet been a convincing downward breakout … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conmed Reaffirmed Neutral Posted: 03 Oct 2011 09:35 AM PDT We maintain our Neutral recommendation on medical technology company Conmed Corporation (NASDAQ:CNMD). Its second-quarter fiscal 2011 adjusted earnings of 35 cents a share matched the Zacks Consensus Estimate while profit surged roughly 19% year over year on the back of higher revenues and lower restructuring costs. Revenues rose narrowly year over year to roughly $183 million, missing the Zacks Consensus Estimate. Growth across Powered Surgical Instruments, Electrosurgery and Endosurgery businesses … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boston Scientific Shows Upbeat Data Posted: 03 Oct 2011 09:35 AM PDT Leading medical devices player Boston Scientific (NYSE:BSX) presented positive data from the Research in Severe Asthma (RISA) trial at a conference in Amsterdam. It was observed that patients with severe refractory asthma, when treated with Alair bronchial thermoplasty (BT) system, experienced stability in lung function without clinical complications over a five-year period. Long-term safety data from the RISA trial also concurred with another five-year data from the Asthma Intervention Research … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Reaches First Target Resistance Posted: 03 Oct 2011 09:04 AM PDT  The EURUSD bounced off channel trendline support (see chart below) and has now reached the first target for the pair at the 1.31817 area. This is where the 38.2% of the last leg to the downside is found.  A trendline off the earlier lows for the day are also near the level (see chart above).  Holding the resistance keeps the bears in charge for the day.  A break of the 1.3284 level will be look toward the next targets at the 1.3300-07 area (original lows for the trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Remains Broadly Higher On E.Z. Woes Posted: 03 Oct 2011 09:03 AM PDT Forexpros – The U.S. dollar added to broad gains against its major counterparts on Monday, as ongoing concerns over a potential Greek default added to fears over contagion within the European banking sector. During U.S. morning trade, the greenback was up against the euro, with EUR/USD falling 0.98% to hit 1.3257. Concerns over a debt default by Greece mounted after the Greek government said Sunday it will miss its deficit reduction targets this year. The single currency came under further … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Allot Communications Posted: 03 Oct 2011 09:01 AM PDT   ALLOT COMM LTD (ALLT): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canada’s Tougher Anti-smoking Campaign Posted: 03 Oct 2011 09:01 AM PDT Canada has decided to become stricter and fight strongly against the evil of smoking. In September 2011, the Canadian government disclosed that labels on cigarette packets would have to be scarier. The new labels were introduced on grounds that consumers had become used to the existing labels.  The new labels will cover three fourth of the packets while the present labels covered only half of the packets. Among the 16 proposed new labels, some will show Edmonton native Barb Tarbox, a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Las Vegas Sands Initiated At Neutral Posted: 03 Oct 2011 09:01 AM PDT We are initiating coverage on Las Vegas Sands Corp. (NYSE:LVS), the leading international developer of multi-use integrated resorts primarily in the United States, Macau, and Singapore, with a Neutral recommendation. The Nevada-based company reported second quarter 2011 earnings above the Zacks Consensus Estimate, driven by company's strong business in Macau, outstanding performance of its new resort in Singapore and improved Las Vegas business. Adjusted earnings of the company came in at 54 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GOL Inks Codeshare MOU Posted: 03 Oct 2011 09:01 AM PDT GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL) has recently announced signing of a Memorandum of Understanding with the Argentinean airline, Aerolineas Argentinas, for the implementation of a codeshare agreement. The agreement has been aimed at offering their clients the benefits of their respective mileage programs, GOL’s SMILES and Aerolineas Argentinas’ Aerolineas Plus. It is further expected to strengthen GOL's presence in the Argentinean market and intend to offer the best cost effective … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dr. Reddy’s, JB Chemicals End Deal Posted: 03 Oct 2011 09:01 AM PDT Dr. Reddy's Laboratories (NYSE:RDY) recently announced that its deal with JB Chemicals & Pharmaceuticals regarding the latter's prescription portfolio has been mutually terminated. According to the deal, which the companies had entered into in July 2011, Dr. Reddy's was to acquire JB Chemicals' pharmaceutical prescription portfolio in Russia and other CIS (Commonwealth of Independent States) regions for about $34.85 million. Additionally, as a part of this agreement, Dr. Reddy's was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fluor Completes Virginia Project Posted: 03 Oct 2011 09:01 AM PDT Fluor Corporation (NYSE:FLR) recently completed a new 580-megawatt natural gas-fired, combined-cycle generating station for Dominion Virginia Power (NYSE:D) in Buckingham County, Virginia. Fluor is engaged in providing engineering, procurement and construction services for the new Bear Garden Generating Station.   The project kicked-off in the spring of 2009 and deliveries of facilities were made by Fluor to Dominion Virginia Power in mid-2011. The rising need for energy will be met by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Changan Ford’s New Plant In China Posted: 03 Oct 2011 09:01 AM PDT Changan Ford Mazda Automotive, the three-way joint venture among Ford Motor Company (NYSE:F), Changan Automobile Group and Mazda Motors recently laid the foundation for a $350 million transmission plant in Chongqing, China. With the new development, the joint venture’s investment in China amounted to $3.5 billion since its formation a decade ago.  Ford is pursuing a major expansion plan in the mature and emerging markets of Argentina, Brazil, China, India and Thailand. Since 2009, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Consumers Energy, SmartSynch Tie Up Posted: 03 Oct 2011 09:01 AM PDT In an effort to make available the best metering solution to its customers, Consumers Energy Corporation (NYSE:CMS) has chosen SmartSynch to provide advanced metering system. SmartSynch creates smart grids for the utility industry. As a smart grid infrastructure company, SmartSynch’s IP-based solutions are capable of delivering grid intelligence to and from any device. The advanced metering system will be the foundation for a grid and meter modernization program for 1.8 million electric customers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rio Raises Stake In Ivanhoe Mines Posted: 03 Oct 2011 09:01 AM PDT Miner Rio Tinto plc (NYSE:RIO) through its wholly-owned subsidiary, Rio Tinto International Holdings Limited, acquired additional 3.7 million shares in Ivanhoe Mines Ltd. The stake purchase has increased Rio Tinto’s ownership in Ivanhoe Mines by 0.5% to 49%, being equivalent to roughly 361.9 million shares of the latter. The transaction was done according to a privately negotiated share purchase agreement between the two parties. Shares were acquired for an aggregate price of C$73.1 million, or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mechel Partners With SAP Posted: 03 Oct 2011 09:01 AM PDT Mechel OAO (NYSE:MTL) signed a memorandum for a long-term partnership with German business management software provider SAP AG (NYSE:SAP) to increase the efficiency of the company’s key processes. The deal provides for the gradual implementation of SAP software solutions, based on specialized industry packages in Mechel’s mining, steel and sales divisions, in order to increase the efficiency of the company’s key processes. In addition, Mechel and SAP will implement an Enterprise Resource Planning … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Slump To 11-month Low On U.S. Weather Posted: 03 Oct 2011 08:59 AM PDT Forexpros – Natural gas futures were down for a second day on Monday, slumping to an 11-month low as moderate autumn weather across most parts of the U.S. was expected to limit demand for the fuel. On the New York Mercantile Exchange, natural gas futures for November delivery traded at USD3.662 per million British thermal units during U.S. morning trade, edging 0.12% lower. It earlier fell by as much as 2.2% to trade at USD3.631 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: GBP/USD Targets Downtrend Continuation Posted: 03 Oct 2011 08:57 AM PDT GBP/USD (daily chart) as of Monday (10/03/2011) has resumed its strongly bearish bias within the context of a steep downtrend that has been in place for more than two months since the late August 1.6616 high. This downtrend established a low right around key support in the 1.5330 price region slightly more than a week ago, before making a significant bullish correction that approached 1.5750 resistance. This key 1.5750 resistance having held, price action turned back down in the direction of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Bounces Off The 50% Retracement. 0.9664 Posted: 03 Oct 2011 08:54 AM PDT The AUDUSD tested the 50% retracement at the 0.9574 level (low reached 0.9576).  The bounce has taken the price to the 100 and 200 bar MA on the 5 minute chart at the 0.9629/36 area.  This is the next target to get through. Otherwise, look for a rotation back to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Extends Losses As Greece Woes Weigh Posted: 03 Oct 2011 08:51 AM PDT Forexpros – The pound extended losses against the U.S. dollar on Monday, falling to a fresh one-week low as sustained fears over the potential impact of a debt default by Greece saw investors pile into safe haven assets. GBP/USD hit 1.5451 during U.S. morning trade, the pair's lowest since September 26; the pair subsequently consolidated at 1.5476, shedding 0.69%. Cable was likely to find support at 1.5431, the low of September 26 and resistance at 1.5664, last Friday's high. Earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Tumbles To 81/2 Month Low On Greece Fears Posted: 03 Oct 2011 08:42 AM PDT Forexpros – The euro extended losses against the U.S. dollar on Monday, tumbling to an eight-and-a-half month low as better-than-expected U.S. manufacturing data failed to overshadow concerns over a possible debt default by Greece. EUR/USD hit 1.3239 during U.S. morning trade, the pair's lowest since January 13; the pair subsequently consolidated at 1.3260, tumbling 0.94%. The pair was likely to find support at 1.3088, the low of January 13 and resistance at 1.3380, the days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Fall On Greece Concerns; Dow Edges Down 0.10% Posted: 03 Oct 2011 08:39 AM PDT Forexpros – U.S. stocks fell on Monday, erasing earlier gains as sustained euro zone concerns overshadowed better-than-expected U.S. manufacturing data for September. During early U.S. trade, the Dow Jones Industrial Average was down 0.10%%, the S&P 500 index shed 0.24%, while the Nasdaq Composite index dipped 0.21%. Risk sentiment remained weak as concerns over the euro zone debt crisis deepened, after the head of the Eurogroup of finance ministers Jean-Claude Juncker said that no … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Climb For Third Day As Greece Default Fears Deepen Posted: 03 Oct 2011 08:29 AM PDT Forexpros – Gold futures were sharply higher on Monday, climbing to a three-day high as concerns over the worsening euro zone sovereign debt crisis and a possible Greek default boosted the safe haven appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,651.65 a troy ounce during U.S. morning trade, jumping 1.8%. It earlier rose by as much as 2.77% to trade at USD1,666.35 a troy ounce, the highest price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Bounces Off Support At 1.3243…for Now At Least Posted: 03 Oct 2011 08:16 AM PDT The EURUSD fell sharply on the move below the 1.3300 level and did not stop until trendline support was reached at the 1.3243 level.  The price has rebounded higher to 1.3270 with resistance at the 1.3281 level.  Now with the price back lower, the dip buyers and the bears will battle it out. A move below the 1.3240 level should not be fought as the trend is bearish, but should buyers emerge again, it could lead to a test of the 1.3281 level again with a move above it, next targeting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Looks To Test Support At 1.3243 Posted: 03 Oct 2011 08:06 AM PDT The EURUSD is heading to the next target support on the daily and hourly charts. The 1.4243 level is the low from January 2011 and also at bottom trendline support on the hourly chart below. A break below would likely lead to further stops. Holding the level should give a bounce with resistance at the 1.3281 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Lower, Pares Losses After US Data Posted: 03 Oct 2011 08:00 AM PDT 10/03/11 US stock averages pared losses following better-than-expected ISM manufacturing and US construction spending data. Global equity markets started in negative territory, after the worst Q3 since the credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Ease Off 7-week Low After ISM Data Posted: 03 Oct 2011 07:50 AM PDT Forexpros – Crude oil futures trimmed losses on Monday, easing off a seven-week low after a report showed that manufacturing activity in the U.S. rose unexpectedly in September. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD77.86 a barrel during U.S. morning trade, retreating 1.7%. It earlier fell as much as 2.48% to trade at USD76.84 a barrel, the lowest price since August 9. The Institute of Supply Management said its manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Updating The Current Triple US Equity Index Range Boundaries For Reference Posted: 03 Oct 2011 07:30 AM PDT After consolidating in a similar "Range Value Area" for the majority of 2011, the US Stock Market Indexes have settled into a NEW consolidation phase that calls for updated boundary levels. Let's take a look at how the Range Alternation Principle developed the two large Value-Area boundaries of 2011 and what the current index levels are for reference. Let's start with the S&P 500: First, let's define what a "Range Value Area" is.  Reference my prior two similar updates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Drops Below $78 On Greece Default Concerns Posted: 03 Oct 2011 02:30 AM PDT 10/03/11 Yesterday’s admission by Greece that it will miss its 2011 and 2012 budget deficit targets has kept investors shying away from front month crude contracts while pushing prices lower to start the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Equities Take A Dive On Greece Deficit Announcement Posted: 03 Oct 2011 01:15 AM PDT 10/03/11 NYFP’s Morning Market Brief: Global equities started off the week in the red led by news of Greece not being able to meet deficit requirements for 2011 and 2011. Also, Jack Ma is interested in buyinh Yahoo & EU manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Down During The U.S. Session Posted: 03 Oct 2011 12:03 AM PDT By ForexMansion.com Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on ISM Manufacturing Index. USD/JPY was trading at 76.56, down 0.63% at time of writing. The pair was likely to find support at 76.34, Wednesday's low, and resistance at 77.27, Monday's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month. Analysts had expected the ISM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 2.28% Posted: 02 Oct 2011 11:33 PM PDT By ForexMansion.com Forexpros – European stocks were down after the closing bell on Monday. At the close of European trade, Germany's DAX fell 2.28%, London's FTSE 100 shed 1.03%, France's CAC 40 declined 1.85% and the EURO STOXX 50 was down 1.90%. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month. Analysts had expected the ISM manufacturing PMI to fall to 50.5 last month. Meanwhile, on Wall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Remains Broadly Higher On E.Z. Woes Posted: 02 Oct 2011 10:32 PM PDT By ForexMansion.com Forexpros – The U.S. dollar added to broad gains against its major counterparts on Monday, as ongoing concerns over a potential Greek default added to fears over contagion within the European banking sector. During U.S. morning trade, the greenback was up against the euro, with EUR/USD falling 0.98% to hit 1.3257. Concerns over a debt default by Greece mounted after the Greek government said Sunday it will miss its deficit reduction targets this year. The single currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Extends Losses As Greece Woes Weigh Posted: 02 Oct 2011 10:03 PM PDT By ForexMansion.com Forexpros – The pound extended losses against the U.S. dollar on Monday, falling to a fresh one-week low as sustained fears over the potential impact of a debt default by Greece saw investors pile into safe haven assets. GBP/USD hit 1.5451 during U.S. morning trade, the pair's lowest since September 26; the pair subsequently consolidated at 1.5476, shedding 0.69%. Cable was likely to find support at 1.5431, the low of September 26 and resistance at 1.5664, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Fall On Greece Concerns; Dow Edges Down 0.10% Posted: 02 Oct 2011 10:03 PM PDT By ForexMansion.com Forexpros – U.S. stocks fell on Monday, erasing earlier gains as sustained euro zone concerns overshadowed better-than-expected U.S. manufacturing data for September. During early U.S. trade, the Dow Jones Industrial Average was down 0.10%%, the S&P 500 index shed 0.24%, while the Nasdaq Composite index dipped 0.21%. Risk sentiment remained weak as concerns over the euro zone debt crisis deepened, after the head of the Eurogroup of finance ministers Jean-Claude Juncker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Tumbles To 81/2 Month Low On Greece Fears Posted: 02 Oct 2011 10:03 PM PDT By ForexMansion.com Forexpros – The euro extended losses against the U.S. dollar on Monday, tumbling to an eight-and-a-half month low as better-than-expected U.S. manufacturing data failed to overshadow concerns over a possible debt default by Greece. EUR/USD hit 1.3239 during U.S. morning trade, the pair's lowest since January 13; the pair subsequently consolidated at 1.3260, tumbling 0.94%. The pair was likely to find support at 1.3088, the low of January 13 and resistance at 1.3380, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Slump To 11-month Low On U.S. Weather Posted: 02 Oct 2011 10:03 PM PDT By ForexMansion.com Forexpros – Natural gas futures were down for a second day on Monday, slumping to an 11-month low as moderate autumn weather across most parts of the U.S. was expected to limit demand for the fuel. On the New York Mercantile Exchange, natural gas futures for November delivery traded at USD3.662 per million British thermal units during U.S. morning trade, edging 0.12% lower. It earlier fell by as much as 2.2% to trade at USD3.631 per million British thermal units, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Climb For Third Day As Greece Default Fears Deepen Posted: 02 Oct 2011 09:33 PM PDT By ForexMansion.com Forexpros – Gold futures were sharply higher on Monday, climbing to a three-day high as concerns over the worsening euro zone sovereign debt crisis and a possible Greek default boosted the safe haven appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,651.65 a troy ounce during U.S. morning trade, jumping 1.8%. It earlier rose by as much as 2.77% to trade at USD1,666.35 a troy ounce, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Ease Off 7-week Low After ISM Data Posted: 02 Oct 2011 09:02 PM PDT By ForexMansion.com Forexpros – Crude oil futures trimmed losses on Monday, easing off a seven-week low after a report showed that manufacturing activity in the U.S. rose unexpectedly in September. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD77.86 a barrel during U.S. morning trade, retreating 1.7%. It earlier fell as much as 2.48% to trade at USD76.84 a barrel, the lowest price since August 9. The Institute of Supply Management said … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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