DailyMarkets.com - Forex – USD/CHF Up During The European Session

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• Forex – USD/CHF Up During The European Session
• Forex Trading: USD Stronger In Recent Trade
• Forex – GBP/USD Down On Economic Data
• U.K. Trade Balance Falls Less-than-expected
• Forex – EUR/USD Down During The European Session
• Bank Of Mozambique Holds Lending Rate At 16.00%
• Forex – USD/CHF Down On Economic Data
• Swiss PPI Falls
• South Korea Central Bank Holds Rate At 3.25%
• Forex – GBP/USD Down During The European Session
• Asian Markets Close Higher; Nikkei Up 0.97%
• Bear Of The Day: Bank Of New York-Mellon (BK)
• Bull Of The Day: Cell Therapeutics, Inc. (CTIC)
• Momentum Stock: Dollar General Corp.
• Growth & Income Stock: Ameristar Casinos, Inc.
• Aggressive Growth Stock: Salix Pharmaceuticals
• Forex – EUR/USD Up During The Asian Session
• Forex – GBP/USD Down In Asian Trade
• Forex – EUR/CHF Up In Asian Trading Hours
• Forex – USD/CHF Up During Asian Trade
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Up In Asian Trading Hours
• Forex Trading: Usd/sgd Monthly Finds Support
• Forex – AUD/USD Up During Asian Trade
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Down During Asian Trade
• More On The Train-Wreck-in-the-Making
• Forex Trading: USDSGD In A Downward Hourly Channel
• Forex – AUD/USD Up On Economic Data
• “Insane” Even By Chicago And Illinois Standards: Pension Triple Dipping On Steroids At $500k/Year
• Australian Employment Change Rises More-than-expected
• Intrade Odds: Perry Vs. Cain
• Target Return Of 7.75% Very Challenging In The Near-term

Forex – USD/CHF Up During The European Session Posted: 13 Oct 2011 02:55 AM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of Swiss data on PPI. USD/CHF was trading at 0.8987, up 0.41% at time of writing. The pair was likely to find support at 0.8919, Wednesday's low, and resistance at 0.9275, Monday's high. Earlier in the day, official data showed that Producer price inflation in Switzerland fell to a seasonally adjusted -0.1% last month from -1.2% in the preceding month. Analysts had expected Swiss PPI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD Stronger In Recent Trade Posted: 13 Oct 2011 02:32 AM PDT The dollar has strengthen across the board in recent trading. Against the GBP, the pair has come off nearly 50 pips now approaching the 50.0% line on the move from yesterday's low to today's high of 1.57962. The next target lower in 1.56386 where we find both the 61.8% and 100 hour moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down On Economic Data Posted: 13 Oct 2011 01:50 AM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.K. data on Trade Balance. GBP/USD was trading at 1.5679, down 0.46% at time of writing. The pair was likely to find support at 1.5528, Monday's low, and resistance at 1.5798, Wednesday's high. Earlier in the day, official data showed that The U.K.'s trade balance fell less-than-expected to a seasonally adjusted -7.8B last month from -8.9B in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Trade Balance Falls Less-than-expected Posted: 13 Oct 2011 01:40 AM PDT Forexpros – The U.K.'s trade balance fell less-than-expected last month, official data showed on Thursday. In a report, National Statistics said that U.K. trade balance fell to a seasonally adjusted -7.8B, from -8.9B in the preceding month. Analysts had expected U.K. trade balance to fall -8.8B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The European Session Posted: 13 Oct 2011 01:15 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3767, down 0.20% at time of writing. The pair was likely to find support at 1.3378, Monday's low, and resistance at 1.3834, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8762 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Mozambique Holds Lending Rate At 16.00% Posted: 13 Oct 2011 01:12 AM PDT The Bank of Mozambique kept its standing facility lending interest rate at 16.00%.  The Bank said [translated]: “the main economic indicators evolve positively, in line with plans for this year, highlighting the components of the external sector and inflation projections, short and medium term; although risks remain to be taken into account. It is essential in this time of year to enhance coordination of policies aimed at consolidating macroeconomic stability and recommended both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down On Economic Data Posted: 13 Oct 2011 12:30 AM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Thursday after the release of Swiss data on PPI. USD/CHF was trading at 0.8944, down 0.06% at time of writing. The pair was likely to find support at 0.8919, Wednesday's low, and resistance at 0.9275, Monday's high. Earlier in the day, official data showed that Producer price inflation in Switzerland fell to a seasonally adjusted -0.1% last month from -1.2% in the preceding month. Analysts had expected Swiss PPI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss PPI Falls Posted: 13 Oct 2011 12:25 AM PDT Forexpros – Producer price inflation in Switzerland fell last month, official data showed on Thursday. In a report, Federal Statistical Office said that Swiss PPI fell to a seasonally adjusted -0.1%, from -1.2% in the preceding month. Analysts had expected Swiss PPI to fall -0.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

South Korea Central Bank Holds Rate At 3.25% Posted: 13 Oct 2011 12:24 AM PDT The Bank of Korea maintained its 7-day repurchase rate unchanged at 3.25%.  The Bank said: “Based on currently available information, the Committee considers that, while emerging market economies have shown favorable performances, major advanced economies have exhibited signs of sluggishness. Going forward the Committee forecasts that the global economy will show a recovery, albeit a moderate one; nevertheless, the Committee judges that downside risks to growth have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The European Session Posted: 13 Oct 2011 12:15 AM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5737, down 0.10% at time of writing. The pair was likely to find support at 1.5528, Monday's low, and resistance at 1.5798, Wednesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8764 and GBP/JPY falling 0.35% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Markets Close Higher; Nikkei Up 0.97% Posted: 13 Oct 2011 12:10 AM PDT Forexpros – Asian stocks were up after the closing bell on Thursday. At the close of Asian trade, Japan's Nikkei 225 index rose 0.97%, Australia's S&P/ASX 200 index gained 0.96%, while Hong Kong's Hang Seng Index was trading 1.40% up. Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.18%, S&P 500 futures pointed to a decrease of 0.27% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Bank Of New York-Mellon (BK) Posted: 12 Oct 2011 11:05 PM PDT We are downgrading our recommendation on Bank of New York-Mellon (NYSE:BK) to Underperform as a low interest rate environment and various lawsuits filed against the company are expected to dent its profitability and lead to higher expenses over the medium term. Although the company is well positioned to benefit from favorable long-term wealth management trends and secular growth in global capital markets, we expect interest-bearing deposit costs to rise faster than asset yields, thereby adversely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Cell Therapeutics, Inc. (CTIC) Posted: 12 Oct 2011 11:05 PM PDT In late September, Cell Therapeutics (CTIC) announced that a second independent radiologic review of data from the pivotal trial PIX301 of lead drug pixantrone for aggressive NHL confirmed the statistical significance of response and progression endpoints. With this positive development, we believe pixantrone is getting closer to approval. We are encouraged by the FDA’s decision to allow Cell Therapeutics to re-submit the NDA for pixantrone for review without the need for an additional trial. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Dollar General Corp. Posted: 12 Oct 2011 11:05 PM PDT Dollar General Corp. (DG) has been a shining star in the bumpy market of the last few months, recently hitting a new all-time high on the heels of another strong quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is loaded with momentum. Company Description Dollar General Corp operates as a discount retailer of general consumer merchandise with a price of $1 in the United States. The company was founded in 1939 and has a market cap of $13.3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Ameristar Casinos, Inc. Posted: 12 Oct 2011 11:05 PM PDT Investors willing to gamble that the U.S. isn’t heading for another recession could get a big payoff from Ameristar Casinos, Inc. (NASDAQ:ASCA) if they’re right. The company has delivered three consecutive positive earnings surprises and has seen earnings estimates soar this year, but the stock, along with the overall market, has taken it on the chin since late July over recession fears in the U.S. Shares now trade at just 7.9x 12-month forward earnings and sport a PEG ratio of 0.5. This, along with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Salix Pharmaceuticals Posted: 12 Oct 2011 11:05 PM PDT Salix Pharmaceuticals (NASDAQ:SLXP) analysts have been raising estimates since the latest earnings surprise back in August. Those moves have left the stock with impressive growth rates and a Zacks #1 Rank (Strong Buy). Company Description Salix Pharmaceuticals make prescription pharmaceuticals to prevent and treat gastrointestinal diseases. Revenue Up 42% The last quarterly report from Salix was back on Aug 8, but it was a good one. Product revenue was up 42%, to $133.2 million for the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 12 Oct 2011 10:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3795, up 0.01% at time of writing. The pair was likely to find support at 1.3378, Monday's low, and resistance at 1.3834, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8764 and EUR/JPY falling 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade Posted: 12 Oct 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5742, down 0.06% at time of writing. The pair was likely to find support at 1.5528, Monday's low, and resistance at 1.5798, Wednesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8766 and GBP/JPY falling 0.28% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Up In Asian Trading Hours Posted: 12 Oct 2011 09:55 PM PDT Forexpros – The Euro was higher against the Swiss Franc on Thursday. EUR/CHF was trading at 1.2366, up 0.17% at time of writing. The pair was likely to find support at 1.2305, Monday's low, and resistance at 1.2435, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.07% to hit 1.3803 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During Asian Trade Posted: 12 Oct 2011 09:25 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday. USD/CHF was trading at 0.8952, up 0.03% at time of writing. The pair was likely to find support at 0.8919, Wednesday's low, and resistance at 0.9275, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.15% to hit 1.3815 and USD/JPY falling 0.25% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The Asian Session Posted: 12 Oct 2011 09:00 PM PDT Forexpros – The Euro was higher against the British Pound on Thursday. EUR/GBP was trading at 0.8760, up 0.04% at time of writing. The pair was likely to find support at 0.8600, Monday's low, and resistance at 0.8787, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.01% to hit 1.3793 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 12 Oct 2011 08:35 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday. USD/JPY was trading at 77.06, down 0.26% at time of writing. The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.04% to hit 1.3788 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In Asian Trading Hours Posted: 12 Oct 2011 08:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday. USD/CAD was trading at 1.0192, up 0.19% at time of writing. The pair was likely to find support at 1.0133, Wednesday's low, and resistance at 1.0396, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.3784 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Monthly Finds Support Posted: 12 Oct 2011 07:32 PM PDT usd/sgd finds support from a downward trend-line on the monthly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up During Asian Trade Posted: 12 Oct 2011 07:30 PM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of Australian data on Employment Change. AUD/USD was trading at 1.0174, up 0.16% at time of writing. The pair was likely to find support at 0.9752, Monday's low, and resistance at 1.0232, today's high. Earlier in the day, official data showed that Australian employment change rose more-than-expected to a seasonally adjusted 20.4K last month from -10.5K in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 12 Oct 2011 07:05 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3768, down 0.19% at time of writing. The pair was likely to find support at 1.3378, Monday's low, and resistance at 1.3834, Wednesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8752 and EUR/JPY falling 0.36% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down During Asian Trade Posted: 12 Oct 2011 06:35 PM PDT Forexpros – The Euro was lower against the Japanese Yen on Thursday. EUR/JPY was trading at 106.19, down 0.36% at time of writing. The pair was likely to find support at 102.74, Monday's low, and resistance at 107.05, Wednesday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.15% to hit 1.3773 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More On The Train-Wreck-in-the-Making Posted: 12 Oct 2011 06:32 PM PDT In “Just in Time for Halloween,” I highlighted three charts (along with accompanying commentary) that paint a frightening picture of where things stand in today’s America. But those aren’t the only examples. In fact, hardly a day goes by when I don’t stumble across yet another data point or statistical series that adds to the notion that our economy — and our country – is a train-wreck-in-the-making. Here are three I picked up from today’s journey through my usual run of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD In A Downward Hourly Channel Posted: 12 Oct 2011 06:32 PM PDT Although on the daily retracement we have looked at the 38.2% level has held the USDSGD pair, but on a shorter-term chart we see a downward channel developing since late September and the 4-21hr mavg breaking below the 4-100hr bar. On an hourly chart we see the 100hr mavg breaking below the 200hr … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up On Economic Data Posted: 12 Oct 2011 06:00 PM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of Australian data on Employment Change. AUD/USD was trading at 1.0196, up 0.37% at time of writing. The pair was likely to find support at 0.9752, Monday's low, and resistance at 1.0232, today's high. Earlier in the day, official data showed that Australian employment change rose more-than-expected to a seasonally adjusted 20.4K last month from -10.5K in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Insane” Even By Chicago And Illinois Standards: Pension Triple Dipping On Steroids At $500k/Year Posted: 12 Oct 2011 05:58 PM PDT Here’s the first part of this amazing story from  MSNBC.com: “A labor leader in Chicago is expected to receive pension payments of nearly $500,000 a year, while another could get about $438,000 a year. The Chicago Tribune and WGN-TV, which obtained information about union pension benefits during a joint investigation, said at least eight union officials in Chicago were eligible for what were described as inflated city pensions on top of union pensions for the same period of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Employment Change Rises More-than-expected Posted: 12 Oct 2011 05:45 PM PDT Forexpros – Australian employment change rose more-than-expected last month, official data showed on Thursday. In a report, Australian Bureau of Statistics said that Australian employment change rose to a seasonally adjusted 20.4K, from -9.7K in the preceding month. Analysts had expected Australian employment change to rise 10.0K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intrade Odds: Perry Vs. Cain Posted: 12 Oct 2011 05:36 PM PDT Intrade odds for Perry to be Republican Presidential Nominee: 10.1% and falling; vs. odds for Herman Cain: 10.0% and rising, see chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Target Return Of 7.75% Very Challenging In The Near-term Posted: 12 Oct 2011 12:28 AM PDT Joseph Dear, the CIO of CALPERS, appeared on CNBC yesterday to discuss the near and long term outlook for the markets. His comments are highly instructive for other investors in formulating an investment policy, either for themselves or on behalf of a pension or endowment fund. Here is the key quote about CALPERS’ return expectations [emphasis added]: In the short-term, it’s a little more nervous making. You look at 2% interest rates, your equity markets aren’t going to do a great job, I … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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