Monday, October 10, 2011

DailyMarkets.com - Forex Trading: GBPUSD Marches Higher As Well Today

DailyMarkets.com - Forex Trading: GBPUSD Marches Higher As Well Today


Forex Trading: GBPUSD Marches Higher As Well Today

Posted: 10 Oct 2011 09:38 AM PDT

The GBPUSD has extended to new highs today and on the daily chart starts to focus on the 1.5714 to 1.5784.   IF the price cannot move below the next downside target at the 1.5660 to 1.5664 level now (38.2% of last small leg higher and a ceiling level from earlier today),  the bull remain in charge. If the price can move below this level then the 100 bar MA in the chart below (blue line) and trendlines will be targeted next (1.5655 and 1.5633 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: The Third Quarter Kickoff

Posted: 10 Oct 2011 09:35 AM PDT

 
ALCOA INC (AA): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Comcast To Expand Xfinity TV

Posted: 10 Oct 2011 09:35 AM PDT

Comcast Corp. (NASDAQ:CMCSA), the largest cable MSO of the U.S., is on the verge of a nationwide deployment of its next-generation Xfinity TV set-top boxes. Xfinity TV is an on-demand, web-based service for subscribers to both its video programming and Internet access.
This on-demand online service is basically a broadband video service that will enable pay-TV subscribers to watch premium cable programming online over broadband networks. Subscribers of Comcast can now watch several cable TV shows … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Liberty Global Remains Neutral

Posted: 10 Oct 2011 09:15 AM PDT

Liberty Global Inc. (NASDAQ:LBTYA) continues to perform well supported by strong demand for its digital TV services, faster-speed of broadband networks, and triple-play bundled services. The triple play customer base increased 16.1% year over year in the second quarter of 2011. The company is also concentrating on double play product, Internet and telephony, which have the potential to expand.  Double play customer base penetration increased 3.4% in the previous quarter.
Liberty Global is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: Sears Holding Corp. (SHLD)

Posted: 10 Oct 2011 09:05 AM PDT

Sears Holdings Corp. (NASDAQ:SHLD) disappoints with its overall second-quarter 2011 results. The company’s adjusted loss of $1.13 per share was well above the Zacks Consensus Estimated loss of $0.64 per share, while widening drastically from the prior-year quarter loss of $0.19 per share, primarily due to a sluggish top-line performance.
Management’s cost-cutting initiatives for boosting profits did not help; improvement in merchandise mix and customer services would have been a better option. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Zions Sued For Undue Overdraft Fees

Posted: 10 Oct 2011 09:05 AM PDT

In a class action lawsuit filed last week, Zions Bank, the banking subsidiary of Zions Bancorp. (NASDAQ:ZION) has been accused of charging improper overdraft fees under policies that were in place between 2005 and 2010. The lawsuit states that Zions' overdraft fee policies made its almost impossible for the customers to avoid them even after regular monitoring of their accounts.
The lawsuit filed by three law firms on behalf of a customer charges Zions of manipulating transaction entries to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Saks September Comp Rises

Posted: 10 Oct 2011 09:05 AM PDT

Same-store sales at Saks Incorporated (NYSE:SKS) went up 9.3% for the month of September, 2011, while it increased 11.5% in the eight months ended October 1, 2011.
Owned sales surged 7.3% to $275.0 million for the five-week period ended October 1, 2011 compared with $256.4 million in the same period ended October 2, 2010.
Further on a year-to-date basis, owned sales increased 9.6% to $1,814.8 million for the eight months ended October 1, 2011, compared with $1,655.9 million for the prior year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


What To Expect From 3Q Earnings

Posted: 10 Oct 2011 09:05 AM PDT

Attention now shifts to third quarter earnings season. We just have 28, or 5.6%, of the S&P 500 firms reporting so far, so it is way too early draw any firm conclusions.

We will need another season where positive earnings surprises far outpace disappointments if we are going to match the second quarter growth rate. On the top line, growth is expected to slow sharply, to 6.31% in total from 11.01% in the second quarter, and excluding the financials to 10.04% from 13.25%.

In light of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Down Vs. Rivals On Greek Bailout Hopes

Posted: 10 Oct 2011 08:48 AM PDT

Forexpros – The U.S. dollar remained sharply lower against its major counterparts on Monday, after Greece’s finance minister said international lenders were about to decide whether the country is to receive its next tranche of financial aid.

During U.S. morning trade, the greenback was sharply lower against the euro, with EUR/USD soaring 2.23% to hit 1.3677.

The single currency was boosted after Greek finance minister Evangelos Venizelos said officials from the International Monetary Fund, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Natural Gas Rebounds From 11-month Low On U.S. Weather Outlook

Posted: 10 Oct 2011 08:46 AM PDT

Forexpros – Natural gas futures regained strength on Monday, bouncing off an 11-month low as the previous week's steep decline created bargain buying opportunities for investors amid expectations for a pick up in demand.

On the New York Mercantile Exchange, natural gas futures for November delivery traded at USD3.546 per million British thermal units during U.S. morning trade, surging 1.85%.

It earlier rose by as much as 2.1% to trade at a daily high of USD3.562 per million British … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD May Be High, But It Was High Earlier Too

Posted: 10 Oct 2011 08:44 AM PDT

The EURUSD is high but sellers all day thought it was high too.   Buyers have overwhelmed the sellers all day today and the price action tells that story.  So although it is tempting to sell, make sure you have a reason to trade.  
In the prior post, the 38.2% of the move down from August high to the low in October comes in at 1.3680 (see daily chart above)  Traders can use this level to define risk and I would expect sellers against the level (at least at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stryker Closes Concentric Buy

Posted: 10 Oct 2011 08:35 AM PDT

Orthopedic giant Stryker (NYSE:SYK) has completed its takeover of privately-held stroke intervention products maker Concentric Medical Inc. for $135 million. The deal was announced on August 31.
California-based Concentric makes minimally-invasive products for treating acute ischemic stroke ("AIS"). Its products include devices for removing blood clots in patients with AIS. Concentric's next-generation clot removal product (Trevo Retriever) is currently undergoing clinical evaluation in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cerner To Take Over Clairvia

Posted: 10 Oct 2011 08:35 AM PDT

Cerner Corporation (NASDAQ:CERN), a leading vendor of Electronic Health Record ("EHR") and other healthcare IT services ("HCIT"), recently disclosed that it has agreed to take over Clairvia, which has developed healthcare workforce management solutions, such as Physician Scheduler and Care Value Management. Clairvia products empower health care providers to match resources with the requirements of patients, thereby enabling providers to concentrate on delivery of care.
Cerner will integrate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold, Silver Futures Extend Gains On Broad Dollar Weakness

Posted: 10 Oct 2011 08:24 AM PDT

Forexpros – Gold futures extended sharp gains on Monday, climbing to a four-day high as renewed optimism over a solution to the euro zone's debt crisis saw the U.S. dollar come under broad selling pressure, boosting the appeal of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,666.05 a troy ounce during U.S. morning trade, rallying 1.85%.

It earlier rose by as much as 2.12% to trade at USD1,673.05 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Adds To Gains, Hits 7-day High

Posted: 10 Oct 2011 08:19 AM PDT

Forexpros – The pound added to gains against the U.S. dollar on Monday, advancing to a seven-day high after France and Germany pledged to present a plan before the end of the month to contain the debt crisis in the euro zone.

GBP/USD hit 1.5680 during U.S. morning trade, the pair's highest since September 29; the pair subsequently consolidated at 1.5668, gaining 0.71%.

Cable was likely to find support at 1.5421, Friday's low and resistance at 1.5746, the high of September 21.

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


Forex – EUR/USD Extends Gains On Greece Hopes

Posted: 10 Oct 2011 08:05 AM PDT

Forexpros – The euro extended gains against the U.S. dollar on Monday, after Greece’s finance minister indicated that international lenders will soon announce whether the country is to receive its next bailout package.

EUR/USD hit 1.3658 during European afternoon trade, the pair’s highest since September 29; the pair subsequently consolidated at 1.3669, surging 2.18.

The pair was likely to find support at 1.3259, the low of October 5 and resistance at 1.3797, the high of September 21.

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


Wall Street Rallies, Lifted By EU Optimism

Posted: 10 Oct 2011 03:00 AM PDT

10/10/11 The major equity averages soared on pledge by France and Germany to recapitalize European banks. The tech sector advanced with Apple, Netflix and Yahoo posting strong session … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Jumps To Trade Near $85 On European Bank Recap Talks

Posted: 10 Oct 2011 08:00 AM PDT

10/10/11 Front month crude prices continued to trade higher this morning, trading near $85, as European bank recapitalization talks continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Extends Gains, Hits 3-week High On EU Optimism

Posted: 10 Oct 2011 07:42 AM PDT

Forexpros – Crude oil futures extended sharp gains on Monday, jumping to a three-week high amid optimism that euro zone policy makers will unveil fresh measures to tackle the region's ongoing debt crisis, boosting the appeal of riskier assets.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD85.88 a barrel during U.S. morning trade, surging 3.48%.

It earlier rose by as much as 3.6% to trade at USD85.97 a barrel, the highest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Stocks Jump On French/German Pledge; Dow Jones Up 2.40%

Posted: 10 Oct 2011 07:25 AM PDT

Forexpros – U.S. stocks were sharply higher on Monday, as investor confidence lifted after German Chancellor Angela Merkel and French President Nicolas Sarkozy said a plan to counter the effects of the region’s debt crisis would be unveiled by the end of the month.

During early U.S. trade, the Dow Jones Industrial Average rose 2.42%, the S&P 500 index jumped 2.81%, while the Nasdaq Composite index posted a 3.04% increase.

After a meeting in Berlin in Sunday, Merkel and Sarkozy pledged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Happy Birthday – And FREE Shipping!

Posted: 10 Oct 2011 07:22 AM PDT

It's been one year since hit the shelves…and the feedback for the book has been amazing!
Thank you all for the great feedback I've received over the last year. You've helped make the book a huge success!
To celebrate the book's one year anniversary we're offering FREE SHIPPING to anyone that orders the book this week!
Take advantage of this offer by ordering by the Oct. 16 deadline: CLICK HERE to order!
Cheers!
Frank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Global Markets Continue To Rally On European Bank Recapitalization Plan

Posted: 10 Oct 2011 01:15 AM PDT

10/10/11 The global equity markets were in rally mode to start the week on more talks of the recapitalization of European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sirius Petroleum Eyes First Marginal Oil Field Project In Nigeria

Posted: 10 Oct 2011 02:40 AM PDT

Oil and gas investing company Sirius Petroleum (LON:SRSP) has signed an agreement that could lead to it taking a 40% stake in what would be its first marginal field project in Nigeria. It has signed a Financial and Technical Services Agreement with local oil companies Owena Oil and Gas Ltd and Guarantee Petroleum Company Ltd in connection with a proposed investment in the Ororo field which is located in Oil Mining Lease 95. A programme of technical studies are now set to be undertaken on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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