Tuesday, October 18, 2011

DailyMarkets.com - Forex Trading: Usd/hkd Staying In A Sideways Channel.

DailyMarkets.com - Forex Trading: Usd/hkd Staying In A Sideways Channel.

Forex Trading: Usd/hkd Staying In A Sideways Channel.

Posted: 18 Oct 2011 05:32 PM PDT

usd/hkd staying in a sideways … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The S&P 500, Apple Earnings, & Feeding The A.D.D. Monster

Posted: 18 Oct 2011 05:04 PM PDT

The last hour of trading was intense on Tuesday and then all eyes were focused on Apple's earnings which were released around 4:30 ET. The initial reaction to the earnings release is negative although as I write this AAPL is bouncing sharply higher in after-market trading on strong volume.
To put the final hour's volatility into perspective, at 3 P.M. Eastern Time the S&P 500 Index was trading at 1,217. A mere 12 minutes later the S&P 500 Index pushed 15 handles higher to trade up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Retreats In Early Asian Trade

Posted: 18 Oct 2011 04:36 PM PDT

Forexpros –
Forexpros – The euro moved lower against the U.S. dollar in Asian trade Wednesday, following a downgrade to Spain's credit rating and reports on negotiations between European officials on the future of the region's debt rescue fund.

EUR/USD hit 1.3729 in early Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 1.3737, losing 0.12%.

The pair was likely to find support at 1.3583, last Wednesday's low, and resistance at 1.3914, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Holding The Channel

Posted: 18 Oct 2011 04:33 PM PDT

The USDSGD pair continues to hold the channel as it received a mild bid during the NY session bouncing off the 4-200hr moving averages. The Singapore Dollar has continued to strengthen despite some weaker economic releases earlier in the week. We will continue to watch this declining channel to determine whether the move lower is a technical correction off the impressive rally in the pair (Aug-Sept) or more of a fundamental move on USD weakness. Most likely a combination of the two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cramer, The Windsock

Posted: 18 Oct 2011 04:18 PM PDT

I went out a limb Sunday night and found on Monday that I was in good company. As Cramer said in tonight’s show: “On Monday, highly regarded Wall Street technician Burt Dohmen sent the "Mad Money" host a chart that painted a very bleak picture for the market.”
It’s interesting that Cramer said that regardless of the good earnings reports yesterday, our stock market was being driven buy Prime Minister Merkel in Germany. On Monday he said,
“It’s not that the earnings can’t be trusted, it’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 18 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3735, down 0.13% at time of writing.

The pair was likely to find support at 1.3653, today's low, and resistance at 1.3914, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8742 and EUR/JPY falling 0.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OmniTouch Transforms Any Surface Into Touchscreen

Posted: 18 Oct 2011 03:58 PM PDT

10/18/11 The OmniTouch technology turns any flat surface into a touchscreen. Researchers at Microsoft and Carnegie Mellon University developed the interactive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 18 Oct 2011 03:37 PM PDT

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

NZD/USD was trading at 0.7946, down 0.14% at time of writing.

The pair was likely to find support at 0.7862, today's low, and resistance at 0.8068, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.01% to hit 1.2897 and EUR/NZD falling 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GOL’s Demand Growth For September

Posted: 18 Oct 2011 03:35 PM PDT

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL), recorded year over year demand growth of 4.4% on its total route network in September along with a load factor of 69.4%.
GOL's domestic demand grew by 6.7% year over year based on the greater number of destinations within the company's route network, partially offset by lesser number of holidays to support leisure traffic compared with the year-ago period. On the other hand, demand fell by 1.9% compared with the previous month mainly due to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: S&Ps Underperforming

Posted: 18 Oct 2011 03:33 PM PDT

Cusick’s Corner
The shorts were newly squeezed today – the short side is the trend. While the selling in equities has not been pressed, I think the volatility spike, partly due to earnings, has presented some potential opportunities to get into some November exposure. Overnight action is going to be tentative; I will be watching the 1180 level for the bid to chew. If the market does pull up, the sellers might take a trade from 1208. I think that Bonds may come under pressure if we get to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Stocks Recover After China GDP Below Expectations

Posted: 18 Oct 2011 03:33 PM PDT

Cusick’s Corner
The action started overnight with IBM disappointing on the top line and Chinese GDP +9.1% below expectations (boy, would I like to have a disappointing number like 9.1%!), stoking fears of a potential slowdown in China later this year. Metals, Gold, Silver and Copper all pulled back on the news but are above critical levels, 1650 for GCZ11 and 31.20 for SIZ11. Crude has been resilient in the face of continued EU uncertainty, mixed macro and domestic economic data. Crude has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Sector Rotation

Posted: 18 Oct 2011 03:33 PM PDT

Cusick’s Corner
We are seeing strength coupled with the sector rotation that I have been talking about for weeks. The market is moving out of Tech, QQQ, and Bonds, TLT, into Financials, XLF. This huge bounce, 35 points in the S&Ps, cannot be ignored. With Citi (NYSE:C) up 6.5%, Bank of America (NYSE:BAC) up 9.5%, Morgan Stanley (NYSE:MS) up 8.3%, the risk premium seems to be coming off and Bonds are the biggest victim of this move. We will be monitoring to see if the buying pressure builds to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Quiet As US Treasury Holding Fall

Posted: 18 Oct 2011 03:32 PM PDT

China's US Treasury holdings fell by the most in a decade this August, $36.5B (3,1%) as the US's AAA rating was lowered by S&P, which surprisingly sent yields lower. On the chart below we see the USDCNH pair relatively quiet the last few sessions as the pair could be consolidating here this week, trading now in a tight range between the 4-100hr and 4-200hr moving averages inside the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America’s Ridiculously Large $15 Trillion Economy

Posted: 18 Oct 2011 03:27 PM PDT

Which Countries Match the GDP of U.S. Metro Areas?

Rank
 U.S. Metropolitan
 Area GDP, 2010
 Millions
   Equivalent  Country by GDP, 2010 

1
New York City – Northern New Jersey
$1,280,517
Australia

2
Los Angeles-Long Beach
$735,743
Turkey

3
Chicago
$532,331
Switzerland

4
Washington, D.C.
$425,167
Taiwan

5
Houston
$384,603
Austria

6
Dallas-Fort Worth
$374,081
Argentina

7
Philadelphia
$346,932
South Africa

8
San … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ensco Clinches GoM Rig Deal

Posted: 18 Oct 2011 03:20 PM PDT

Ensco plc (NYSE:ESV) has inked a contract with Noble Energy Inc. (NYSE:NBL), Anadarko Petroleum Corp. (NYSE:APC) and a unit of Apache Corp. (NYSE:APA) − Apache Deepwater LLC − for the use of one of its ultra-deepwater semisubmersible drilling rigs in the Gulf of Mexico (GoM). The contract is expected to add $350 million to Ensco's revenue backlog.
Per the shared drilling contract, the ENSCO 8505 newbuild has been contracted for two years or two rotations per operator, whichever is longer, at a day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – American Express, EBay, Morgan Stanley, Travelers, United Technologies; U.S. CPI, Housing Starts, Fed’s Beige Book, Euro-zone Industrial Orders And Construction Output

Posted: 18 Oct 2011 03:20 PM PDT

10/18/11 In mid-week trade, more earnings from the financial sector will be released. Key US data on housing and inflation will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper Builds, Secures Network

Posted: 18 Oct 2011 03:15 PM PDT

Juniper Networks Inc. (NASDAQ:JNPR) recently announced that London Internet Exchange Ltd. ("LINX") selected its routing and switching solutions for an undisclosed amount. Juniper's technology will help LINX to develop a whole new network, facilitating its members to interconnect and share video through the cloud and other networks reliably, rapidly and cost effectively across fixed and mobile platforms. This new network will be developed in two phases.
LINX is an Internet exchange point (IXP) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Let’s Merge The Tea Party And OWS: Part II

Posted: 18 Oct 2011 03:11 PM PDT

Should the Tea Party and Occupy Wall Street try to join forces under the auspices that they have much more in common from a macro standpoint than what may differentiate them from a micro standpoint?
I would love to see these movements join together. I think a merger of these forces could lead to the third party our country so badly needs.
Comments left on my post yesterday, Let's Merge the Tea Party and Occupy Wall Street, covered a wide scope of thoughts and opinions.  I understand that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: St. Jude

Posted: 18 Oct 2011 03:05 PM PDT

Medical devices major St. Jude (NYSE:STJ) is slated to release its third-quarter fiscal 2011 results before the opening bell on Wednesday, October 19. In its second quarter earnings call, the Minnesota-based company stated that it expects third quarter adjusted earnings per share of between 74 and 76 cents.
The current  Zacks Consensus Estimates for revenues and earnings for the quarter are $1,371 million and 76 cents a share, respectively.
With respect to earnings surprises, St. Jude has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: UTX

Posted: 18 Oct 2011 02:55 PM PDT

United Technologies Corp. (NYSE:UTX) is scheduled to report its third quarter and fiscal 2011 results on Wednesday October 20, 2011. The current Zacks Consensus Estimate for the quarter is $1.44 a share. For the quarter under review, revenue is $14.5 billion, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
UTX reported second-quarter earnings per share from continuing operations of $1.45, above the Zacks Consensus Estimate of $1.41 and were up 20% year-over-year. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medco, United Drug Terminate JV

Posted: 18 Oct 2011 02:35 PM PDT

Following the termination of the pan-European joint venture between Medco Health Solutions (NYSE:MHS) and Germany-based Celesio AG, Dublin-based United Drug Plc recently decided to exit from its UK homecare partnership with Medco.
As per the terms of the deal, Medco will own 100% interest in this project following the acquisition of United Drug’s 50% stake. The transaction is expected to be completed by November, 2011. However, the financial and other terms of the termination agreement remain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Trade Ideas For Wednesday, Oct 19th

Posted: 18 Oct 2011 02:25 PM PDT

( click to enlarge )

Banner Corporation  (NASDAQ:BANR) broke resistance on Tuesday, as the stock closed up $.88 or 6.8% on the day. This should be the first of a bigger move, which could occur on Wednesday. I had mentioned in my previous article (published on October 13th ), it seemed that the money was flowing into the stock as indicated in the technical indicator OBV. The technical chart is now painting a bullish picture. We can expect now some resistance at $15.52 level followed by $16.46 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Discover’s Delinquency Up Slightly

Posted: 18 Oct 2011 02:21 PM PDT

Yesterday, Discover Financial Services (NYSE:DFS) reported a marginal rise in its delinquency rate for the first time since January 2010. However, as per the regulatory filing of the company, the default rate continued to fall, again reaching a new low since the beginning of the recession.
Discover reported a delinquency rate of 2.5% of balances on an annualized basis in September 2011, marginally up from 2.49% in August, which was the lowest rate since the recession. It reached the highest point … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mighty Apple Whiffs In The 4th

Posted: 18 Oct 2011 02:10 PM PDT

For the first time in recent memory, Apple Inc. (NASDAQ:AAPL) has missed EPS expectations for its fiscal 4th quarter of 2011. The greatest gadget-maker in the history of the world also came short on revenues for the quarter. Earnings of $7.05 per share on $28.3 billion in revenues missed the Zacks Consensus Estimates of $7.31 and $29.5 billion, respectively.

Clearly, the culprit was iPhone sales — 17.07 iPhones were sold in the September quarter, whereas expectations were for roughly 20 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Energy Transfer To Shed Propane Biz

Posted: 18 Oct 2011 02:10 PM PDT

Energy Transfer Partners, L.P. (NYSE:ETP) has signed a deal with retail propane distributor AmeriGas Partners, L.P. (NYSE:APU) for the sale of its propane operations. The sale price has been settled at approximately $2.9 billion, including $71 million in the existing Heritage debt.
With this deal, Energy Transfer will receive $1.5 billion in cash and approximately $1.3 billion of AmeriGascommon units. Additionally, AmeriGas has agreed to assume $71 million of existing debt in Energy Transfer's two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Eli Lilly

Posted: 18 Oct 2011 02:00 PM PDT

Eli Lilly & Company (NYSE:LLY) is scheduled to announce its third quarter 2011 results on October 20, 2011 before the start of trading. The Zacks Consensus Estimate for the third quarter is $1.13, representing a year-over-year decrease of 6.61%.
Second Quarter Recap
Eli Lilly & Company reported second quarter adjusted earnings per share of $1.18, a penny below the Zacks Consensus Estimate and $0.06 below the year-ago earnings of $1.24. Earnings in the quarter were hurt by higher operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Jumps 180 Points On Reports Of EU Bailout Fund Expansion

Posted: 18 Oct 2011 09:00 AM PDT

10/18/11 NYFP’s Closing Bell Report: The Dow rebounded more than 180 points today as reports surfaced that France and Germany are ready to agree to a 2 trillion euro rescue fund. Meanwhile, Intel and Yahoo release their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 18 Oct 2011 01:56 PM PDT

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

EUR/USD was trading at 1.3751, up 0.10% at time of writing.

The pair was likely to find support at 1.3653, today's low, and resistance at 1.3914, Monday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise 0.2% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Moody’s Upgrades PACCAR

Posted: 18 Oct 2011 01:50 PM PDT

Moody's Investors Service, the credit rating agency of Moody’s Corporation (NYSE:MCO), has upgraded the investment grade credit rating of PACCAR Inc. (NASDAQ:PCAR) from "Negative" to "Stable" as it expects the company to benefit from strong demand for heavy trucks in 2012.
The rating agency also affirmed short-term rating as Prime-1 and long-term rating as A1 for the company and its financial service subsidiaries. The ratings will positively affect the company’s debt-raising capacity.
PACCAR … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ask Them Why

Posted: 18 Oct 2011 01:43 PM PDT

If anybody (e.g., a Wall Street “analyst”) tries to convince you that things are looking good for the upcoming holiday selling season because investors are piling into retail stocks, ask them why retailers are:
1. Offering earlier-than-normal discounts
“Retailers May Cut Prices Earlier During Holiday Shopping Season” (Bloomberg)
U.S. retailers are expected to cut prices earlier this holiday season to lure shoppers amid high unemployment and cautious consumer spending, according to Dana … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 18 Oct 2011 01:41 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on PPI.

USD/JPY was trading at 76.84, up 0.02% at time of writing.

The pair was likely to find support at 76.60, Monday's low, and resistance at 77.45, Monday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intel EPS & Revenue Top Ests.

Posted: 18 Oct 2011 01:40 PM PDT

Intel Corporation (NASDAQ:INTC) did what it had to do by reporting a positive EPS surprise and record revenue for its third quarter.
Now in and of itself, this really isn’t that big a deal; INTC is one of those companies that are expected to surpass expectations each time out. However, taken into context with the overall macro environment, this becomes a very reassuring report, especially after IBM (NYSE:IBM) surprisingly missed revenue expectations the other day.
With most of the market fearing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSC Strengthens Insurance Portfolio

Posted: 18 Oct 2011 01:40 PM PDT

Technology major Computer Sciences Corporation (NYSE:CSC) recently announced the expansion of its business process service centers for insurance, annuities and pensions into new geographic regions. With this development, the company has extended its reach into Hong Kong, Kuala Lumpur and Malaysia by offering its services in different local languages.
The company already boasts a significant presence in the insurance segment and is seeking to further strengthen its grip in the segment. The new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Beware Of Debt Bubble, Hedge With Gold And Silver Miners

Posted: 18 Oct 2011 01:37 PM PDT

We have alerted our subscribers on many occasions during the past two years that global credit downgrades of sovereign nations were inevitable. It does not take a prophet to have foreseen the turbulence in the global marketplace that we have witnessed since the expiration of QE2. Standard and Poor's cut the rating one level from AAA to AA+. This action sent shockwaves reverberating throughout the financial world as irrational investors sought U.S. treasuries for liquidity. These days of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NRG Energy Lowered To Underperform

Posted: 18 Oct 2011 01:25 PM PDT

We have downgraded our recommendation on NRG Energy Inc. (NYSE:NRG) to Underperform from Neutral.
NRG Energy to a large extent depends on its coal-fired baseload power plants to derive a significant part of its domestic revenues. As a consequence, we believe NRG Energy remains exposed to various risks on the environmental front.
Further, carbon legislation remains uncertain. The regulators are coming out with new and more stringent rules, adherence to which would result in higher operational costs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 18 Oct 2011 01:25 PM PDT

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

EUR/USD was trading at 1.3766, up 0.21% at time of writing.

The pair was likely to find support at 1.3653, today's low, and resistance at 1.3914, Monday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise 0.2% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newmont Halts Work In Peru

Posted: 18 Oct 2011 01:20 PM PDT

Gold miner Newmont Mining Corp. (NYSE:NEM) shut down work at the Yanacocha gold mine in Peru to ensure worker safety as a result of protests in the area.
Newmont took the action at the Yanacocha mine after protesters blocked a road leading to the site and set earth-moving equipment ablaze.
The mine which is also owned by Peruvian precious metals miner Buenaventura stated that the drastic measure to suspend work was taken to ensure the safety of its employees.
The protests were over compensation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.58%

Posted: 18 Oct 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 1.58%, the S&P 500 index gained 2.04%, while the Nasdaq 100 index climbed 1.31%.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise 0.2% last month.

Meanwhile, across the Atlantic, European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Badger Meter Misses Estimates

Posted: 18 Oct 2011 01:06 PM PDT

Badger Meter Inc.'s (NYSE:BMI) third quarter EPS slumped 23% to 46 cents reflecting continued weakness in its municipal water business. The EPS also fell short of the Zacks Consensus Estimate of 55 cents.
Total revenue also dropped 8% on a year-over-year basis to $69.7 million in the quarter, hurt by the continued slowdown in spending and new projects by a number of customers in the municipal water market. However, lower sales to the municipal water market were slightly offset by higher sales of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MDT Expands Surgical Tech Portfolio

Posted: 18 Oct 2011 01:00 PM PDT

Medtronic (NYSE:MDT) has strengthened its Surgical Technologies portfolio with the receipt of 510(k) clearance from the US Food and Drug Administration (FDA) for Aquamantys3 System along with 8.2L Bipolar Sealer with Cutting and 6.0 Bipolar Sealer hand pieces. Subsequently, the company's Transcollation technology and radio frequency (RF) cutting functions will be available to new and existing hand pieces.
The addition of the 8.2L Bipolar Sealer with Cutting creates a combination of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America Movil Plans DLA Acquisition

Posted: 18 Oct 2011 01:00 PM PDT

Mexican telecom giant America Movil (NYSE:AMX) has announced its plan to acquire a Miami based digital TV service provider, DLA Inc. Owned by Cisneros Group of Companies, one of the largest privately held entertainment firms in South America, DLA provides digital entertainment service in Latin America and the U.S. 
The deal, financial details of which were not disclosed, is expected to close in the final quarter of 2011 after customary approvals. With the acquisition of DLA, America Movil is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ICE Reloads Energy Portfolio

Posted: 18 Oct 2011 12:55 PM PDT

Yesterday, IntercontinentalExchange Inc. (NYSE:ICE) announced its plan to launch 22 fresh over-the-counter (OTC) cleared energy products. The company also launched ICE Futures Europe of single-expiry coal options along with Dutch TTF Natural Gas options.
Accordingly, the energy contracts include global oil and refined petroleum products coupled with North American power and natural gas liquids. All the new forward and options contracts will begin trading on November 7, 2011.
ICE will now be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The U.S. Session

Posted: 18 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on PPI.

GBP/USD was trading at 1.5745, up 0.01% at time of writing.

The pair was likely to find support at 1.5632, today's low, and resistance at 1.5853, Friday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mindray M Series Upgrades At ASA

Posted: 18 Oct 2011 12:50 PM PDT

Leading Chinese medical devices maker Mindray Medical International Limited (NYSE:MR) recently announced that it will feature new upgrades to its hand-held M Series ultrasound platforms at the ongoing American Society of Anesthesiologists ("ASA") meeting in Chicago. The company will showcase enhancements to its M7 and M5 ultrasound systems at the ASA meet.
Mindray launched the M7 ultrasound system in the U.S. in August 2010. This novel system leverages the company's high-performance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Parker Hannifin Sets Another Record

Posted: 18 Oct 2011 12:40 PM PDT

Parker Hannifin Corporation (NYSE:PH) released its first-quarter fiscal 2012 earnings result before the market opened today, reporting an earnings per share of $1.90, slightly below the Zacks Consensus Estimate of $1.70 and above prior-year earnings of $1.51. The company reported record earnings result for the quarter, which is an all-time high.
Total Revenue
The company's sales in the reported quarter increased by 14.3% year over year to $3.2 billion, which is also a record level achieved. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil-Brigham $4.4B Merger Deal

Posted: 18 Oct 2011 12:35 PM PDT

Norwegian oil giant Statoil ASA (NYSE:STO) has stuck a deal to acquire Brigham Exploration Company (NASDAQ:BEXP) for $4.4 billion in cash. The acquisition allows Statoil to beef up its position in Williston Basin.
Per the tender offer, slated to begin on October 31, Statoil will acquire Brigham for $36.50 per share, representing a 36% premium over the average trading price of the latter for the last 30 days. The board of Brigham has collectively approved the transaction, which awaits shareholder … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Preview: New York Times

Posted: 18 Oct 2011 12:35 PM PDT

The New York Times Company (NYSE:NYT), the publisher of The New York Times, the International Herald Tribune and The Boston Globe, is scheduled to report its third-quarter 2011 financial results before the bell on Thursday, October 20, 2011. The current Zacks Consensus Estimate for the quarter is 3 cents a share. The Zacks Consensus estimates revenue at $545 million for the quarter.
Second-Quarter 2011, a Synopsis
On July 21, 2011, The New York Times Company, posted better-than-expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours

Posted: 18 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday after the release of U.S. data on PPI.

USD/CHF was trading at 0.8972, down 0.23% at time of writing.

The pair was likely to find support at 0.8882, Monday's low, and resistance at 0.9048, today's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Dynamic’s Nuclear Sub Deal

Posted: 18 Oct 2011 12:20 PM PDT

Electric Boat, a wholly owned subsidiary of General Dynamics Corporation (NYSE:GD), has received a contract modification worth $429.0 million from the U.S. Navy to provide planning yard work, engineering and technical support for nuclear submarines. The contract was awarded initially in October 2010, and will be worth approximately $1.2 billion over three years if all options are exercised and funded.
Per the contract, Electric Boat will provide design, engineering, material and logistics support, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 18 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on PPI.

USD/CAD was trading at 1.0132, down 1.01% at time of writing.

The pair was likely to find support at 1.0044, Monday's low, and resistance at 1.0272, Thursday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 18 Oct 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on PPI.

EUR/USD was trading at 1.3733, down 0.03% at time of writing.

The pair was likely to find support at 1.3653, today's low, and resistance at 1.3914, Monday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI to rise 0.2% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 18 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on PPI.

AUD/USD was trading at 1.0238, up 0.81% at time of writing.

The pair was likely to find support at 1.0104, Thursday's low, and resistance at 1.0372, Monday's high.

Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.

Analysts had expected U.S. PPI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 18 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
After forming a closing price reversal top at 5543.70 on Monday, the FTSE followed-through on the downside with a break on Tuesday. Based on the short-term range of 4868.60 to 5543.70, expectations were for a correction back to 5206.15 to 5126.49. Bearish traders were most likely surprised when the market turned sharply to the upside after reaching the low at 5349.53.

Tuesday's rally in the FTSE is a clear demonstration that despite solid technically … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: STOXX50

Posted: 18 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The STOXX50 index CFD formed a bottom on the 60-minute chart, completing a 3-Point Extension Fibonacci pattern. Based on this developing pattern, Autochartist is projecting a possible rally into a series of retracement levels. After trading sideways for several hours, the index CFD began to breakout from its support base. So far the .382 retracement level has been tested, but developing upside momentum is likely to drive this market higher over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, October 19, 2011

Posted: 18 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, October 19, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
109.25
− 0.11
109.16
108.99

Bullish

BND – Vanguard Total Bond Market ETF
83.05
− 0.11
83.00
82.90

Bullish

DBC – DB Commodity Index Tracking Fd
27.62
+ 0.55
27.60
27.45

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, October 19, 2011

Posted: 18 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, October 19, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0261
+ 1.05
1.0245
1.0143

Bullish

EURUSD – Euro / US Dollar
1.3751
+ 0.10
1.3788
1.3716

Neutral

GBPUSD – British Pound / US Dollar
1.5711
− 0.19
1.5764
1.5732

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0141
− 0.92
1.0162
1.0195

Bearish

USDCHF – US Dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, October 19, 2011

Posted: 18 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, October 19, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1223.00
+ 2.43
1209.92
1203.83

Bullish

Dow Jones – Dec YMZ1
11526
+ 1.99
11454
11452

Bullish

Nasdaq – Dec NQZ1
2363.75
+ 1.84
2346.22
2322.75

Bullish

Russell – Dec TFZ1
709.00
+ 3.31
699.03
695.53

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
139-19
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, October 19, 2011

Posted: 18 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, October 19, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.14
+ 5.85
10.01
10.14

Neutral

AXP – American Express Company
46.68
+ 3.46
45.92
46.07

Bullish

BA – Boeing Co
63.47
+ 2.74
63.06
63.96

Neutral

BAC – Bank of America Corporation
6.64
+ 10.12
6.29
6.35

Bullish

CAT – Caterpillar Inc
84.72
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Corn

Posted: 18 Oct 2011 02:31 AM PDT

By ForexMansion.com
 
By Jonah S. Ford
Corn futures pressed higher in Tuesday's session to close at the upper edge of a Triangle chart pattern, which may preclude a technical breakout for Wednesday. Corn has managed to hold gains despite weakness in the grain overall, and appears to be trying to lead the complex higher.

The Triangle chart pattern, illustrated here on the 240-minute time interval, has a simple sideways range which has held the price steady after a major decline from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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