Thursday, November 17, 2011

DailyMarkets.com - Chart Of The Day: World Shares Of GDP

DailyMarkets.com - Chart Of The Day: World Shares Of GDP

Chart Of The Day: World Shares Of GDP

Posted: 17 Nov 2011 05:43 PM PST

The USDA recently updated its international macroeconomic data set with world and country GDP data estimates for 2011.  Here are some observations:

1. The chart above of world GDP shares (data here) from 1969 to 2011 shows America’s amazingly stable share of world output, which has remained at about 26% for more than forty years, with only a gradual decline in recent years.  The U.S. share of world GDP in 2011 (26%) was actually higher than in 1982 (25.8%). 

2. It’s also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD Pushing 61.8%

Posted: 17 Nov 2011 05:09 PM PST

The USDHKD pair has pushed higher on the back of continued risk off sentiment and has finally closed above the 100day moving average and is now pushing the 61.8% retracement of the move lower from late September. The pair could trade below the 61.8% until the next leg of the USD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In Asian Trade

Posted: 17 Nov 2011 05:05 PM PST

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

EUR/USD was trading at 1.3456, down 0.01% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8545 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 17 Nov 2011 04:35 PM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 76.96, down 0.03% at time of writing.

The pair was likely to find support at 76.82, Monday's low, and resistance at 77.50, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.05% to hit 1.3465 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hologic Remains Neutral

Posted: 17 Nov 2011 04:25 PM PST

Recently, we reiterated our Neutral recommendation on Hologic (NASDAQ:HOLX) with a target price of $18.00.
The company develops, manufactures and supplies diagnostics, medical imaging systems and surgical products catering to the healthcare needs of women. Hologic's biggest segment, Breast Health, recorded robust 10.9% year-over-year growth to reach $219.1 million during the most recent quarter. This segment is now banking on the growth potential of 3D Dimensions.
Sales of digital mammography … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Twitter

Posted: 17 Nov 2011 04:22 PM PST

Follow me on Twitter for daily updates, news, blog posts, links, economic reports, headlines, re-tweets, data, charts, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 17 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3453, down 0.04% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8545 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTS Extends Pantech Partnership

Posted: 17 Nov 2011 04:05 PM PST

A leading provider of high definition (HD) audio technology, DTS Inc. (DTSI) recently announced that it has extended its partnership with Korean mobile handset maker Pantech Co. Ltd. Under the terms of the multi-year agreement, DTS's audio technology will be integrated into all Pantech devices including smartphones.
DTS-Pantech collaboration dates back to 2010, when Pantech agreed to integrate DTS digital surround audio decoding technology into select models of smartphones, which came out in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Turkey Day Travel To Climb 4%

Posted: 17 Nov 2011 03:58 PM PST

11/17/2011 AAA forecasts an estimated 42.5 million Americans to travel for Thanksgiving this year. Travelers are expected to be frugal in their holiday accomodations and mode of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NEM Indonesia Unscathed By Strike

Posted: 17 Nov 2011 03:55 PM PST

Newmont Mining Corp’s (NYSE:NEM) output at its Batu Hijau copper and gold mine in Indonesia was unaffected after about 400 workers went on strike in a dispute over shifts.
Management and union representatives are in talks to resolve the dispute. The mine has more than 7,000 employees and contractors.
Batu Hijau, the nation’s second-biggest copper mine, aims to produce around 275 million pounds of copper and 275,000 ounces of gold in 2011.
The Newmont strike comes at a time of heightened tensions … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BostonRelies On Watchman

Posted: 17 Nov 2011 03:55 PM PST

With its core segments of stents and defibrillators struggling, leading medical devices player Boston Scientific Corporation (NYSE:BSX) is targeting other emerging therapies with high potential to drive its top line. One such product, Watchman, was recently implanted in the first patient in Latin America.
Watchman was incorporated in Boston Scientific's portfolio with the acquisition of Atritech earlier this year.  Watchman is employed to close the left atrial appendage in patients with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Basel To Conduct On-Site Scrutiny

Posted: 17 Nov 2011 03:45 PM PST

The oversight body of the Basel Committee on Banking Supervision is planning proactive actions to ensure that the world's largest banks are strengthening their capital and liquidity positions to confront another financial meltdown, according to a Bloomberg report. The committee is set to carry out on-site assessments of the financial conditions of these banks.
The Basel Committee chairman, Stefan Ingves said that the committee will publicly reveal the details of the at-risk banks. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Panel Recommends Salix Study Design

Posted: 17 Nov 2011 03:45 PM PST

Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) received a positive recommendation from the US Food and Drug Administration's (FDA) Gastrointestinal Drugs Advisory Committee for its proposed study design for the use of Xifaxan for irritable bowel syndrome (IBS) with diarrhea.
Salix had submitted a supplemental new drug application (sNDA) for the use of Xifaxan 550 mg for the treatment of non-constipation irritable bowel syndrome (non-C IBS) and IBS-related bloating. However, earlier this year, the FDA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sears Continues To Report Losses

Posted: 17 Nov 2011 03:35 PM PST

Sears Holdings Corporation (NASDAQ:SHLD) reported a third-quarter 2011 adjusted loss of $2.57 per share, well above the Zacks Consensus Estimated loss of $2.14 per share. The loss widened drastically from the prior-year quarter loss of $1.71 per share. Including special items, the loss per share came in at $3.95 compared with loss per share of $1.98 in the prior-year quarter.
The drop in quarterly performance was primarily due to sluggish top-line performance and decreased margins.
Quarterly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 17 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7587, down 0.05% at time of writing.

The pair was likely to find support at 0.7566, today's low, and resistance at 0.7922, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.08% to hit 1.3167 and EUR/NZD rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pepsi Goes Low Calorie

Posted: 17 Nov 2011 03:30 PM PST

In tune with the popularity for low-calorie products, Pepsico Inc. (NYSE:PEP) is set to launch mid-calorie drink 'Pepsi Next', which will hit shelves early next spring.
Pepsi Next has been designed to contain 60% less sugar, 60% fewer calories, and will be tested in two new markets next July.
Additionally, the retail giant had applied for trademarks for two more new-mid calorie drinks along with Pepsi Next, namely Mtn Dew Next and Sierra Mist Next.
Management has revealed that the mid-calorie … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tyco Reports Strong Fiscal 2011

Posted: 17 Nov 2011 03:30 PM PST

Tyco International Ltd (TYC) reported results for the fourth quarter and fiscal year 2011. Earnings for the quarter grew 24% year over year to 92 cents per share, well above the Zacks Consensus Estimate of 86 cents.
For the full year, the company reported earnings of $3.24 per share, also above the Zacks Consensus Estimate of $3.18 a share.
Revenue for the quarter grew 14% year over year to $4.7 billion. Organic revenue growth (revenue excluding the impact of foreign exchange translation and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ross Reports In Line, Sales Soar

Posted: 17 Nov 2011 03:25 PM PST

Ross Stores Inc. (NASDAQ:ROST), one of the leading off-price retailers of apparels and home accessories, recently posted earnings of $1.26 per share for third-quarter 2011, which came in line with the Zacks Consensus Estimate.
Earnings grew 23.5% from the prior-year figure of $1.02 primarily due to the company’s aptitude in providing attractive brand name bargains to customers who value both quality and price.
Let's Dig Deep
Net sales for the quarter increased 9.2% to $2,046.4 million from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Adds Miramax In UK/Ireland

Posted: 17 Nov 2011 03:20 PM PST

Netflix Inc. (NASDAQ:NFLX) has been entering into licensing agreements with large Hollywood production houses in a bid to strengthen its portfolio in the U.K. and Ireland. In a recent development, the company entered into an agreement with Miramax studios, bringing on board a large number of Miramax movies for its English and Irish subscribers.
This agreement with Miramax is not the first. Netflix already has an agreement with Miramax to serve its U.S. and Latin American customers.
Targeting the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Fears, Options Expiration Add To Volatility

Posted: 17 Nov 2011 03:20 PM PST

11/17/11 At the end of another choppy week, ongoing worries about the Euro-zone and options expiration will affect volatility. It will be light on the global economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Helmerich & Payne Posts Strong 4Q

Posted: 17 Nov 2011 03:15 PM PST

Contract drilling services provider Helmerich & Payne Inc. (HP) reported strong results for the fourth fiscal quarter of 2011 (three months ended September 30, 2011), driven by a robust U.S. land drilling business.
Earnings per share from continuing operations (excluding special items) came in at $1.09, comfortably surpassing the Zacks Consensus Estimate of $1.04 and way above the year-ago profit of 77 cents.
Revenues of $700.8 million were up 25.4% from the fourth quarter 2010 and also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Obama’s Indefensible Pipeline Punt

Posted: 17 Nov 2011 03:08 PM PST

Some excerpts from Vaclav Smil’s article in the American.com: 

“With a total length of close to 3,000 kilometers, the new [Keystone XL] pipeline would add just over 1 percent to the already existing network of crude oil and refined products lines that crisscross the United States and parts of Canada. Why, if pipeline safety is a key concern, have we not seen waves of civil disobedience focused on more than a quarter million kilometers of existing pipelines?

Long-term statistics show … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GameStop Reports In Line

Posted: 17 Nov 2011 03:05 PM PST

Strong digital sales helped GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, to post quarterly earnings of 39 cents per share, up 2.6% from 38 cents in the prior-year quarter.  
The earnings came in line with the Zacks Consensus Estimate.
According to the recent data of market research firm The NPD Group, U.S. video game retail sales showed signs of revival in October 2011 as retail sales inched up 1% to $1.08 billion (including games released for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products’ PRISM Technology

Posted: 17 Nov 2011 03:00 PM PST

Air Products & Chemicals Inc.'s (NYSE:APD) PRISM VSA Oxygen Generation System is now officially supplying Gerdau Steel’s Whitby, Ontario, Canada facility with over 200 tons per day of oxygen for its steelmaking plant.
Air Products won this long-term contract, which also includes liquid nitrogen and liquid oxygen supply, by demonstrating the versatile flexibility of the PRISM system as the right fit for Gerdau’s production schedule.
Recently, Air Products reported its fourth-quarter 2011 EPS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EQR Closes In On Archstone

Posted: 17 Nov 2011 03:00 PM PST

According to reports, Equity Residential (NYSE:EQR), a multifamily real estate investment trust (REIT), has emerged as the front-runner in the race to acquire a lion's share in rival company Archstone – one of the largest investors, developers and operators of apartment communities in the U.S.
The proposed bid of $2.6 billion in cash and stock, if realized, would arguably create one of the largest real estate transactions since the recession.
Archstone is presently owned by a consortium of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cost-Push Shuts Rio Smelter

Posted: 17 Nov 2011 02:48 PM PST

Mining giant, Rio Tinto plc (NYSE:RIO) recently announced the closing of its 40-year-old Lynemouth smelter in Northumberland, England forced by significantly rising energy costs, which over time, was affecting the sustainability of the smelter business.
A month ago Rio revealed its plan to streamline its aluminum product group, expecting to divest 13 assets in the future backed by the rising energy costs and low price realization in the aluminum market. As part of this restructuring plan, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo Candidate Disappoints

Posted: 17 Nov 2011 02:48 PM PST

GlaxoSmithKline (NYSE:GSK) recently announced disappointing top-line results on its phase III type 2 diabetes candidate, albiglutide. The phase III Harmony 7 study evaluated the efficacy and safety of albiglutide in patients with type II diabetes. The 32 week study compared albiglutide with Novo Nordisk's (NYSE:NVO) Victoza (liraglutide). Both belong to the glucagon-like peptide-1 (GLP-1) agonist class. The candidates were compared on the basis of reduction in HbA1c, an indicator of glucose level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Flooding In Thailand Sinks Auto Output

Posted: 17 Nov 2011 02:35 PM PST

Automobile production in Thailand plunged 68% to 49,439 units in October due to the severe floods in the country that damaged many plants of automakers and those of their vendors. The production reached the lowest level in more than 9 years.
Thailand is an important manufacturing base in Asia for most global automakers. They have already suffered due to parts shortages caused by the earthquake and tsunami in Japan in March 2011.
Ford Motor Co. (NYSE:F) was forced to halt production at its joint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Qualcomm Still On Target

Posted: 17 Nov 2011 02:25 PM PST

Qualcomm Inc. (NASDAQ:QCOM), the largest chipset manufacturer for mobile handsets, reaffirmed its long-term financial target of achieving 10% annual growth for both its top line and bottom line till 2015.
Management cited several reasons for this encouraging outlook, such as (1) unprecedented growth of 3G wireless networks in the emerging markets resulting in massive global demand for mobile data and video, (2) gradual adoption of super-fast 4G LTE networks in the developed nations and (3) a shift … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Finds Some Resistance At This Level.

Posted: 17 Nov 2011 02:23 PM PST

usd/cnh finds some resistance at this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Throws A Head Fake On The Wedge.

Posted: 17 Nov 2011 02:22 PM PST

usd/cnh throws a head fake on a break down lower right now back on trading the range of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Continue To Grind Higher After Finding Support.

Posted: 17 Nov 2011 02:22 PM PST

usd/sgd continues to trade higher after breaking through this trend-line which is now providing support for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Edison Assigns Quanta To Build Line

Posted: 17 Nov 2011 02:20 PM PST

Southern CaliforniaEdison ("SCE"), a subsidiary of Edison International (NYSE:EIX), has chosen Quanta Services, Inc. (NYSE:PWR) for the construction of transmission infrastructure for its Devers – Palo Verde 2 (DPV2) transmission project. Quanta Services is a leading specialized contracting services company that delivers infrastructure solutions for the electric power, natural gas and pipeline, and telecommunication industries.
Quanta Services will be responsible for the construction of a new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Qatargas Project For Foster Wheeler

Posted: 17 Nov 2011 02:06 PM PST

A subsidiary of Foster Wheeler AG’s (NASDAQ:FWLT) Global Engineering and Construction (E&C) Group and Qatar Kentz WLL (a joint venture partner of E&C) together entered into an engineering, procurement and construction management (EPCm) agreement with Qatargas Operating Company Limited (Qatargas).
Projects at the Qatargas LNG facility at Ras Laffan Industrial City along with onshore and offshore work are included in framework agreement. The initial period of the agreement is three years and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Board Sees Another Big Drop

Posted: 17 Nov 2011 09:00 AM PST

11/17/11 NYFP’s Closing Bell Report: It was another day of steep declines for the Big Board following a weak debt auction in Spain, growing eurozone debt crisis concerns, and volatile trade on light … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Nov 2011 01:55 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3460, down 0.02% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3807, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schwab Wraps Up Compliance11 Deal

Posted: 17 Nov 2011 01:51 PM PST

On Wednesday, Charles Schwab Corp. (NASDAQ:SCHW) completed the acquisition of Compliance11 Inc. The company had announced the deal back in October. Financial terms of the pact remained confidential even after the closure.
Chicago-based Compliance11 is a leading provider of cloud-based compliance automation software for public companies, brokerage firms, hedge funds, investment advisors, private equity firms and pension funds. The firm also offers a wide range of compliance tools that assist in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Nov 2011 01:40 PM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/JPY was trading at 76.98, down 0.10% at time of writing.

The pair was likely to find support at 76.82, Monday's low, and resistance at 77.50, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cigna Raises Funds To Buy HealthSpring

Posted: 17 Nov 2011 01:30 PM PST

In order to fund the purchase of HealthSpring Corp. (NYSE:HS), CIGNA Corp. (NYSE:CI) is in the process of raising equity capital. On Wednesday, the company announced the issue of 15.2 million shares of its common stock at $42.75 each.
The proceeds from the offering will however, fund only a portion of the total deal value of $3.8 billion. The remaining requirement will be met from a mix of both long and short tem debt. To this effect, the company has obtained a bridge loan of $2.5 billion from Morgan … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Nov 2011 01:25 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3460, down 0.02% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3807, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eubanks: “Seat Belts And Helmets Required”

Posted: 17 Nov 2011 01:20 PM PST

11/17/11 MrTopStep’s Stephen S. Eubanks discusses Friday’s options expiration, crude oil prices and weighs in on the headline driven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmEx Credit Expands Note Issue

Posted: 17 Nov 2011 01:05 PM PST

Yesterday, Bloomberg reported that American Express Co.'s (NYSE:AXP) (AmEx) American Express Credit Corp. increased the $1.3 billion notes issued in September this year to $2.3 billion.
Accordingly, the $2.3 billion senior notes are now issued at a price of $100.034, up from the original issue price of $99.917, and will mature on September 19, 2016. The non-callable notes are projected to have a coupon rate of 2.8%, while the new spread stands at 190 basis points (bps) over the existing 3-month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Nov 2011 12:55 PM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

GBP/USD was trading at 1.5751, up 0.13% at time of writing.

The pair was likely to find support at 1.5691, today's low, and resistance at 1.6092, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Airlines Fall As Crude Prices Rise

Posted: 17 Nov 2011 12:50 PM PST

With oil prices trading above the $100/barrel benchmark (first time since June), airline stocks are once again taking it on the chin. Amid positive news of flight additions across all major airlines, the surge in oil prices comes as a massive jolt for the U.S. carriers, resulting in the recent selloff in shares.
United Continental Holdings Inc. (UAL) fell 5.6% on Wednesday followed by decreases of 5.2% in AMR Corp. (NYSE:AMR), 1.8% in Southwest Airlines Co. (NYSE:LUV) and 2.7% in JetBlue Airways … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Qualcomm Inc.

Posted: 17 Nov 2011 12:35 PM PST

Qualcomm Inc. (NASDAQ:QCOM) reported excellent fourth quarter 2011 financial results, as revenues exceeded the Zacks Consensus Estimates. The robust result was primarily due to the significant surge in demand for high-end 3G smartphones and tablets.
The company's Snapdragon platform and product diversification strategy induced management to significantly raise the company's outlook for fiscal 2012.
Fourth Quarter Highlights
Quarterly total revenue of $4,117 million was up 39.5% year over year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CHF was trading at 0.9208, up 0.14% at time of writing.

The pair was likely to find support at 0.8962, Monday's low, and resistance at 0.9236, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quick Updating The Initial SP500 SPY Triangle Breakout

Posted: 17 Nov 2011 12:24 PM PST

Let's take a quick snapshot update of today's breakdown from the Symmetrical Triangle Pattern we've all been watching in the S&P 500 (and SPY).
Today hit the initial downside target, but what's the bigger picture saying?
Let's start with the Hourly Breakout:

Take a look at our prior updates this week from the S&P 500 Symmetrical Triangle Pattern for pure-price charts ahead of the breakdown.
The initial downside target was the retest of the key 1,220 or $122 level which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Geron To Exit Stem Cell Therapy

Posted: 17 Nov 2011 12:20 PM PST

Geron Corporation (NASDAQ:GERN) recently announced its intention to exit the stem cell research market. The company, which was a leader in stem cell research, intends to focus on its oncology programs instead. The announcement comes a few weeks after the appointment of the new Chief Executive Officer (CEO), John A. Scarlett.
Decision Based on Strategic Review
Geron conducted a strategic review of the costs, timelines and complexities associated with the development and approval of its pipeline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MoneyGram Bulks Up In India

Posted: 17 Nov 2011 12:10 PM PST

Yesterday, MoneyGram International (NYSE:MGI) announced the addition of the leading Indian bank, State Bank of India (SBI), to its extensive agent network in India.
Consequently, the company's in-bound money transfer service will be available across SBI's 100 key branches in India by the end of the year. The service will be rolled out across more branches later.
SBI is India's largest commercial bank with over 13,800 branches and 25,000 ATMs in the country, along with 131 international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 17 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CAD was trading at 1.0284, up 0.40% at time of writing.

The pair was likely to find support at 1.0086, Monday's low, and resistance at 1.0290, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Nov 2011 11:45 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3470, up 0.06% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3807, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 17 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

AUD/USD was trading at 0.9992, down 0.89% at time of writing.

The pair was likely to find support at 0.9974, today's low, and resistance at 1.0342, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 388K last week from 393K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, November 18, 2011

Posted: 17 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, November 18, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.62
− 3.51
10.06
10.58

Bearish

AXP – American Express Company
46.70
− 2.95
48.47
50.23

Bearish

BA – Boeing Co
66.09
− 0.38
66.93
66.17

Bearish

BAC – Bank of America Corporation
5.80
− 1.69
5.99
6.27

Bearish

CAT – Caterpillar Inc
93.81
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, November 18, 2011

Posted: 17 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, November 18, 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
109.64
− 0.05
109.73
109.93

Bearish

BND – Vanguard Total Bond Market ETF
83.67
− 0.05
83.64
83.72

Neutral

DBC – DB Commodity Index Tracking Fd
27.33
− 2.32
27.84
28.15

Bearish

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 Friday, November 18, 2011

Posted: 17 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, November 18, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9998
− 0.84
1.0103
1.0248

Bearish

EURUSD – Euro / US Dollar
1.3456
− 0.05
1.3504
1.3696

Bearish

GBPUSD – British Pound / US Dollar
1.5755
+ 0.14
1.5788
1.6025

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0292
+ 0.50
1.0236
1.0150

Bullish

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

The Trend Trader For Futures Trading On Friday, November 18, 2011

Posted: 17 Nov 2011 04:34 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, November 18, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1214.75
− 1.32
1237.17
1253.17

Bearish

Dow Jones – Dec YMZ1
11744
− 0.84
11911
11982

Bearish

Nasdaq – Dec NQZ1
2268.25
− 1.97
2321.94
2345.42

Bearish

Russell – Dec TFZ1
718.00
− 1.29
730.48
737.60

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
143-11
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: US Treasury Bonds

Posted: 17 Nov 2011 02:02 AM PST

By ForexMansion.com

By Jonah S. Ford
 
US Treasury Bond futures rose steadily in the wake of a sharp sell-off in global stock markets on Thursday. The rise in bond prices was enough to execute a buy signal on the Autochartist 240-minute chart, which indicates a continuation of the rally is possible. Additional strength can be seen on the Autochartist Key Level indicator which shows this breakout coinciding with a move above the lateral resistance just beneath the 143.00 level.

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

South Africa’s Incredibly Shrinking Gold Production

Posted: 16 Nov 2011 10:00 PM PST

Finding evidence to pop the talk of a gold bubble is much easier than finding a needle in a haystack. There are enough needles of evidence out there to fill a pin cushion. The latest Gold Demand Trends Report from the World Gold Council (WGC) contained two salient visuals of how the dynamics of the global gold market have shifted from the West to the East over the past 40 years.
Today we'll take a look at supply, and tomorrow we'll dive into demand.
This chart illustrates Africa's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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