Wednesday, October 19, 2011

DailyMarkets.com - Wheat Futures Rise To 2-day High On U.S. Crop Concerns

DailyMarkets.com - Wheat Futures Rise To 2-day High On U.S. Crop Concerns


Wheat Futures Rise To 2-day High On U.S. Crop Concerns

Posted: 19 Oct 2011 02:51 AM PDT

Forexpros – Wheat futures regained strength on Wednesday, rising to a two-day high as dry weather across the U.S. Great Plains region and concerns over wheat crop conditions in Europe buoyed prices.

On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD6.2938 a bushel during European morning trade, climbing 0.67%.

It earlier rose by as much as 0.75% to trade at USD6.3162 a bushel, the highest price since October 17.

Industry weather group Telvent DTN said in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/JPY Advances On EU Summit Optimism

Posted: 19 Oct 2011 02:37 AM PDT

Forexpros – The euro was up against the yen on Wednesday, rising to a two-day high boosted by hopes that European leaders will make a breakthrough on tackling the euro zone's debt crisis at this weekend's European Union summit.

EUR/JPY hit 106.44 during European morning trade, the pair's highest since Monday; the pair subsequently consolidated at 106.36, gaining 0.67%.

The pair was likely to find support at 104.77, Tuesday's low and a four-day low and resistance at 107.44, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Futures Mixed Amid E.Z. Speculation; Dow Jones Up 0.06%

Posted: 19 Oct 2011 02:24 AM PDT

Forexpros – U.S. stock futures pointed to a mixed open on Wednesday, amid speculation over the handling of the financial crisis in the euro zone and after disappointing earnings results from Apple.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.06%, S&P 500 futures signaled a 0.04% drop, while the Nasdaq 100 futures indicated a 0.55% decline.

The euro zone’s financial troubles remained in focus after ratings agency Moody’s downgraded Spain’s credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Copper Futures Slump On EU Debt Woes, China Demand Fears

Posted: 19 Oct 2011 02:11 AM PDT

Forexpros – Copper futures declined on Wednesday, as ongoing worries over the euro zone's sovereign debt crisis and fresh concerns over a slowdown in demand from top consumer China drove prices lower.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.325 a pound during European morning trade, dropping 1.04%.

It earlier fell by as much as 1.45% to trade at a daily low of USD3.307 a pound.

Late Tuesday, Moody's Investors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Extends Gains After BoE Minutes

Posted: 19 Oct 2011 01:59 AM PDT

Forexpros – The euro extended gains against the pound on Wednesday, rising to a two-day high after minutes of the Bank of England's October meeting showed that policymakers voted unanimously to restart quantitative easing.

EUR/GBP hit 0.8788 during European morning trade, the pair's highest since Monday; the pair subsequently consolidated at 0.8776, gaining 0.28%.

The pair was likely to find support at 0.8706, Monday's low and short-term resistance at 0.8796, Monday's high and an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Lower Vs. Rivals On Renewed E.Z. Hopes

Posted: 19 Oct 2011 01:46 AM PDT

Forexpros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as guarded optimism over a plan to tackle the debt crisis in the euro zone supported demand for riskier assets.

During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.46% to hit 1.3817.

The single currency found support after German Chancellor Angela Merkel said Sunday’s European Union summit will mark an important step in tackling the debt crisis in the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USD/CAD Support @ 1.00988

Posted: 19 Oct 2011 01:32 AM PDT

The pair has not traded below this level thus far this week; currently testing support which leaves the topside target 1.01261. In the case of a break low, the first level lower is a full hourly retracement of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Higher On Bailout Reports; DAX Up 0.42%

Posted: 19 Oct 2011 01:21 AM PDT

Forexpros – European stock markets were higher on Wednesday, as investor confidence strengthened on reports of a Franco-German deal to enhance the euro zone’s bailout fund.

During European morning trade, the EURO STOXX 50 rose 0.64%, France's CAC 40 gained 0.55%, while Germany's DAX 30 climbed 0.42%.

Market sentiment strengthened on Tuesday after The Guardian reported that French and German governments had agreed to enhance the European Financial Stability Facility by EUR2 trillion, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures Steady Near 4-week High With EU In Focus

Posted: 19 Oct 2011 01:12 AM PDT

Forexpros – Crude oil futures were steady on Wednesday, hovering close to the previous day's four-week high as investors wait for clarity on Europe’s plans to tackle the debt crisis at this weekend’s European Union summit.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD88.48 a barrel during European morning trade, gaining 0.33%.

The November crude contract is due to expire at the end of trading on Thursday.

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


Euro Zone Current Account Deficit Narrows Unexpectedly

Posted: 19 Oct 2011 01:09 AM PDT

Forexpros – The euro zone current account deficit narrowed unexpectedly in August, official data showed on Wednesday.

In a report, the European Central Bank said that the euro zone current account recorded a seasonally adjusted deficit of EUR5.0 billion in August, down from July' deficit of USD6.8 billion, whose figure was revised down from a deficit of EUR12.9 billion.

Economists had expected the current account deficit to widen to EUR7.3 billion in August.

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


Swing Scanner Stocks To Watch

Posted: 19 Oct 2011 01:05 AM PDT

Some ugly stocks have jumped up on the back of this dubious risk on rally ready for the smart money to buy puts on them. Our Swing scanner said to us the airlines have popped up nicely,

so we found two stocks to put on our watch to short list.

How we found them:
1) Selected Cash Price Indexes via the swing scanner
2) Noticed that @RTAIR
3) Selected Transport stocks with poor RTTPowerTrend.

Symbol Result: DAL and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Pound Higher Against Dollar As BoE Minutes On Tap

Posted: 19 Oct 2011 12:57 AM PDT

Forexpros – The pound was up against the U.S. dollar on Wednesday, moving in lockstep with the euro, as investors awaited the release of the minutes from the Bank of England's October meeting, when policymakers voted for more quantitative easing.

GBP/USD hit 1.5778 during early European trade, the daily high; the pair subsequently consolidated at 1.5755 gaining 0.26%.

Cable was likely to find support at 1.5631, Tuesday's low and a four-day low and resistance at 1.5847, Monday's high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Slips As Moody’s Cut On Spain Weighs

Posted: 19 Oct 2011 12:25 AM PDT

Forexpros – The U.S. dollar slipped against the yen on Wednesday, as concerns over the debt crisis in the euro zone rumbled on after Moody's Investor Services downgraded Spain's sovereign debt rating by two notches.

USD/JPY hit 76.66 during late Asian trade, the daily low; the pair subsequently consolidated at 76.72, sliding 0.12%.

The pair was likely to find support at 76.30, the low of October 12 and a two-week low and resistance at 77.25, the high of October 3.

Moody's downgraded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Edges Lower As Investors Focus On EU Developments

Posted: 19 Oct 2011 12:16 AM PDT

Forexpros – Gold futures were down for a third day on Wednesday, as investors awaited further developments over a plan to resolve the euro zone's debt crisis, while strong physical demand in Asia underpinned prices.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,651.05 a troy ounce during late Asian trade, easing down 0.11%.

It earlier fell by as much as 0.3% to trade at a daily low of USD1,648.75 a troy ounce.

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


Forex – NZD/USD Higher As E.Z. Concerns Ease

Posted: 19 Oct 2011 12:12 AM PDT

Forexpros – The New Zealand dollar was higher against its U.S. counterpart on Wednesday, after reports of a potential agreement between France and Germany to enhance the euro zone’s bailout fund boosted demand for riskier assets.

NZD/USD hit 0.7997 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7973, gaining 0.20%.

The pair was likely to find support at 0.7859, the low of October 18 and resistance at 0.8066, the high of October 17.

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


Forex – AUD/USD Rallies As Risk Sentiment Recovers

Posted: 18 Oct 2011 11:59 PM PDT

Forexpros – The Australian dollar rallied against its U.S. counterpart on Wednesday, as risk sentiment recovered on reports that France and Germany had agreed on a new euro zone rescue fund deal.

AUD/USD hit 1.0335 during late Asian trade, the pair’s highest since October 17; the pair subsequently consolidated at 1.0300, rising 0.37%.

The pair was likely to find support at 1.0117, Tuesday’s low and resistance at 1.0440, the high of September 12.

Market sentiment strengthened on Tuesday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asia Stocks Gain On EU Bailout Hopes; Nikkei Up 0.4%

Posted: 18 Oct 2011 11:46 PM PDT

Forexpros – Asian stock markets advanced on Wednesday, after an unconfirmed report said that France and Germany had agreed to expand the euro zone's bailout fund, overshadowing a downgrade to Spain's credit rating.

During late Asian trade, Hong Kong’s Hang Seng Index jumped 1.5%, Australia's ASX/200 Index rose 0.65%, while Japan's Nikkei 225 Index added 0.4%.

The Guardian reported late Tuesday that France and Germany had agreed to add EUR2 trillion to the European Financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Climbs To 2-day High As Sentiment Improves

Posted: 18 Oct 2011 11:37 PM PDT

Forexpros – The euro was higher against the U.S. dollar on Wednesday, as overnight gains in U.S. stocks and media reports that European leaders have agreed a deal to enlarge the euro zone’s bailout fund boosted sentiment.

EUR/USD hit 1.3840 during late Asian trade, the pair's highest since Monday; the pair subsequently consolidated at 1.3815, gaining 0.45%.

The pair was likely to find support at 1.3724, Monday's low and resistance at 1.3913, Monday's high and a one-month high.

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


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Posted: 18 Oct 2011 11:35 PM PDT

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Anup’s Article Publish Now 1

Posted: 18 Oct 2011 11:35 PM PDT

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Posted: 18 Oct 2011 11:35 PM PDT

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Posted: 18 Oct 2011 11:35 PM PDT

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Writer Article Publish Now

Posted: 18 Oct 2011 11:35 PM PDT

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Posted: 18 Oct 2011 11:35 PM PDT

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Writer,reviewer, Editor

Posted: 18 Oct 2011 11:35 PM PDT

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Testing Publish Now

Posted: 18 Oct 2011 11:35 PM PDT

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Article Testing

Posted: 18 Oct 2011 11:35 PM PDT

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Eka Testing

Posted: 18 Oct 2011 11:35 PM PDT

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Sumit Article

Posted: 18 Oct 2011 11:35 PM PDT

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Initial Jobless Claims Drop To 398K

Posted: 18 Oct 2011 11:35 PM PDT

Initial Claims for Unemployment Insurance fell by 24,000 last week to 398,000. This was much better than the expected level of 415,000. However, last week's numbers were revised upwards by 4,000, so one could see it as a decrease of 20,000.

Recently, jobless claims have seemed stuck once again in a trading range above the 400,000 level, after a brief period lower than that earlier this year. The drop below 400,000 level is very good news, but comes after 15 straight weeks above it. Being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Initial Jobless Claims Drop To 398K

Posted: 18 Oct 2011 11:35 PM PDT

Initial Claims for Unemployment Insurance fell by 24,000 last week to 398,000. This was much better than the expected level of 415,000. However, last week's numbers were revised upwards by 4,000, so one could see it as a decrease of 20,000.

Recently, jobless claims have seemed stuck once again in a trading range above the 400,000 level, after a brief period lower than that earlier this year. The drop below 400,000 level is very good news, but comes after 15 straight weeks above it. Being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: NRG Energy, Inc. (NRG)

Posted: 18 Oct 2011 11:00 PM PDT

We are downgrading our recommendation on NRG Energy, Inc. (NYSE:NRG) to Underperform based on lower results from Reliant and NRG’s Texas gas-fired assets. Furthermore, the company remains exposed to the risk of increased operational costs from future environmental legislations as the company’s domestic revenues come in large part from its coal-fired baseload power plants.
There also is a risk of potential earnings downside based on unfavorable movements in natural gas prices. Though we like the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Wal-Mart Stores, Inc.

Posted: 18 Oct 2011 11:00 PM PDT

Despite 12+ years of essentially going nowhere, shares of Wal-Mart Stores, Inc. (NYSE:WMT) may finally be poised for a break out.
The world’s largest retailer offers solid earnings growth potential and is finally trading at a very reasonable price. Although shares haven’t done much over the last decade, they were trading at a whopping 38x forward earnings back in 2000. Today they’re at just 12x forward earnings.
The company has been generating some momentum over the last several months too, with 3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: Alliance Data Systems Corp

Posted: 18 Oct 2011 11:00 PM PDT

Alliance Data Systems Corp (ADS) continues to trade near its recent all-time high in spite of the weak market. The bullish movement comes on rising estimates and another earnings surprise, providing more momentum for this Zacks #1 Rank stock.
Company Description
Alliance Data Systems Corp, together with its subsidiaries, provides data-driven and transaction-based marketing and customer loyalty programs in the United States and Canada. The company was founded in 1996 and has a market cap of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: DFC Global Corp. (DLLR)

Posted: 18 Oct 2011 11:00 PM PDT

We are upgrading our recommendation on DFC Global Corp. (NASDAQ:DLLR) to Outperform from Neutral, as we believe that the recent sell-off in the stock has made DFC’s valuation more compelling. We think the recent pullback gives investors an opportunity to buy the shares at a more reasonable multiple.
DFC Global’s return on equity of 23.6% is substantially higher than that of industry average of negative 87.9%. The company expects to release first quarter earnings on October 27. The Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: Dick's Sporting Goods

Posted: 18 Oct 2011 11:00 PM PDT

Dick’s Sporting Goods, Inc (NYSE:DKS) has an impressive earnings history and analysts are expecting double-digit growth for the foreseeable future. The industry is doing well and the stock is priced to move.
Company Description
Dick’s Sporting Goods is a full-line sporting goods retailing offering just about everything from running shoes and yoga mats to crossbows and hunting gear. There are over 500 locations in the U.S., including 81 Golf Galaxy stores.
Excellent Earnings History
Dick’s Sporting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 18 Oct 2011 10:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3814, up 0.44% at time of writing.

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

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8767 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up In Asian Trade

Posted: 18 Oct 2011 10:25 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.5752, up 0.25% at time of writing.

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

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8765 and GBP/JPY rising 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd Still Haven’t Shown Any Direction In The Market.

Posted: 18 Oct 2011 08:32 PM PDT

usd/hkd is staying below the bottom of this wedge but still haven't shown any direction in this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Lower In Mid-day Asian Trade

Posted: 18 Oct 2011 08:14 PM PDT

Forexpros –
Forexpros – The U.S. dollar edged modestly lower against its major counterparts in Asian trade Wednesday, following the downgrade to Spain's credit rating and reports of an agreement to expand Europe's rescue fund for ailing euro-zone economies.

In mid-day Asian trade, the greenback was down against the euro, with EUR/USD rising 0.16% to hit 1.3776.

On Tuesday, Moody's Investors Service reduced Spain's investment grade to A1 from AA2, with a negative outlook. On October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Falls In Mid-day Asian Trade

Posted: 18 Oct 2011 07:43 PM PDT

Forexpros –
Forexpros – The U.S. dollar edged lower against the Japanese yen in Asian trade Wednesday, following the ratings downgrade for Spain and uncertainty surrounding the make-up of Europe's rescue package for debt threatened countries in the euro-zone.

In mid-day Asian trade USD/JPY hit 76.66, the pair's lowest since Tuesday; the pair subsequently consolidated at 76.68, edging down 0.18%.

The pair was likely to find support at 76.10, the low of September 22, and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/cnh Staying Above Downward Channel

Posted: 18 Oct 2011 07:32 PM PDT

usd/cnh staying above this downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDSGD In A Closing Hourly Wedge

Posted: 18 Oct 2011 07:32 PM PDT

The hourly wedge below shows a short-term consolidating USDSGD pair. The pair has sold off some in the Asian session, but the market remains quiet and in a relatively tight range awaiting any kind of headlines out of Europe to determine the next move. The wedge is very short-term but it is rapidly closing and it will be interesting to see where the pair goes if no new news is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Asian Stocks Advance In Early Trade; Nikkei Adds 0.6%

Posted: 18 Oct 2011 07:11 PM PDT

Forexpros –
Forexpros – Asian stocks moved higher in Wednesday trade, boosted by overnight gains on Wall Street, hopes for improving economic conditions and increased demand for exports from the region.

During early Asian trade, Hong Kong's Hang Seng Index advanced 1.79% to 18,400.30, Japan's Nikkei Index rose 0.63% to 8,797.15, while Australia's S&P/ASX 200 climbed 0.7% to 4,216.10.
The Topix Index of all shares listed on the first section of the Tokyo Stock Exchange, advanced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Slips In Early Asian Trade

Posted: 18 Oct 2011 06:35 PM PDT

Forexpros –
Forexpros – The Australian dollar moved lower against the U.S. dollar Wednesday, as uncertainty over European plans to augment the region's debt rescue plan and a downgrade to Spain's credit rating helped to lift the safe-haven greenback.

AUD/USD hit 1.0233 in early Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 1.0253, falling 0.11%.

The pair was likely to find support at 0.9906, last Thursday's low, and short-term resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Retreats In Early Asian Trade

Posted: 18 Oct 2011 05:52 PM PDT

Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Wednesday, following the release of data showing a slowdown in China's economy and ahead of a change in regulations on commodities contract purchases.

On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD88.22 a barrel during early Asian trade, falling 0.36%, after hitting a daily high of USD86.69.

In its Tuesday report, China's National Bureau of Statistics reported that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Rebounds In Early Asian Trade

Posted: 18 Oct 2011 05:21 PM PDT

Forexpros –
Forexpros – Gold futures moved higher in Asian trade Wednesday, recovering from a one-week low following a downgrade to Spain's credit rating and report showing a cooling Chinese economy.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,658.25 a troy ounce during early Asian trade, gaining 0.33%, after hitting a low of USDS1,653.25.

On Tuesday, Moody's Investors Service reduced Spain's investment grade to A1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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