DailyMarkets.com - Copper Hits 3-week Low On China Concerns, EU Debt Woes

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• Copper Hits 3-week Low On China Concerns, EU Debt Woes
• Forex – USD/CHF Slips On Italian Debt Auction
• Forex – Dollar Slips As Euro Rises Ahead Of Key Italian Bond Sale
• Crude Oil Futures Regain Strength With Italy In Focus
• European Stocks Mixed On Italy Debt Woes; DAX Up 0.02%
• Forex – GBP/USD Edges Higher In Subdued Trade
• Forex Trading: USD/CAD Testing Support At 1.02399
• Gold Futures Drop To 3-day Low As Italian Fears Boost Dollar
• Forex – USD/JPY Slips Amid Growing Italy/Greece Concerns
• Forex – NZD/USD Tumbles Amid Italy Uncertainty
• Forex – AUD/USD Falls To 1-month Low On Italian Debt Worries
• Chinese Trade Surplus Widens Less-than-expected
• Asia Stocks Plunge On Italy Debt Crisis; Nikkei Drops 2.9%
• Forex – EUR/USD Hits 1-month Low On Italy Debt Concerns
• Bull Of The Day: Enterprise Products
• Momentum Stock: MarketAxess Holdings, Inc.
• Bear Of The Day: Hospira, Inc. (HSP)
• Aggressive Growth Stock: SurModics Inc
• Growth & Income Stock: Norfolk Southern Corporation
• Forex – USD/CHF Up In Asian Trade
• Forex – AUD/USD Up During Asian Trade
• Forex – Dollar Mixed In Mid-day Asian Trade
• Forex – USD/JPY Edges Lower In Mid-day Asian Trade
• Singapore Stock Market Update For Thursday 10 November
• Asian Stocks Tumble In Early Trade; Nikkei Sinks 2.3%
• Forex – AUD/USD Weakens In Early Asian Trade

Copper Hits 3-week Low On China Concerns, EU Debt Woes Posted: 10 Nov 2011 02:50 AM PST Forexpros – Copper futures slumped to a three-week low on Thursday, as concerns over a slowdown in Chinese demand and lingering concerns over the euro zone's debt crisis weighed on growth-related assets. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.352 a pound during European morning trade, tumbling 2.6%. It earlier fell by as much as 2.95% to trade at USD3.317 a pound, the lowest price since October 24. Government data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Slips On Italian Debt Auction Posted: 10 Nov 2011 02:35 AM PST Forexpros – The U.S. dollar weakened against the Swiss franc on Thursday, as the yield on Italian 10-year bonds fell back below 7% amid speculation that the European Central Bank was buying Italian bonds in the secondary market. USD/CHF hit 0.9054 during European morning trade, the daily low; the pair subsequently consolidated at 0.9058, edging down 0.41%. The pair was likely to find support at 0.8867, the low of July 11 and resistance at 0.9216, the high of October 3. Earlier in the day, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Slips As Euro Rises Ahead Of Key Italian Bond Sale Posted: 10 Nov 2011 01:54 AM PST Forexpros – The U.S. dollar was broadly lower against its major counterparts on Thursday, as the euro regained ground amid speculation that the European Central Bank was buying Italian and Spanish bonds, while markets looked ahead to a key auction of Italian government debt. During European morning trade, the dollar was lower against the euro, with EUR/USD rising 0.52% to hit 1.3612. The euro posted its largest one-day loss against the greenback in 15-months on Wednesday after the yield on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Regain Strength With Italy In Focus Posted: 10 Nov 2011 01:45 AM PST Forexpros – Crude oil futures edged higher on Thursday, recouping some of the previous day's losses amid signs of strong oil demand from the U.S. and China, while markets continued to eye developments surrounding Italy's debt crisis. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD96.81 a barrel during European morning trade, gaining 1.1%. It earlier rose by as much as 1.25% to trade at a daily high of USD96.94 a barrel. Official … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed On Italy Debt Woes; DAX Up 0.02% Posted: 10 Nov 2011 01:28 AM PST Forexpros – European stock markets were mixed on Thursday, as soaring Italian borrowing costs added to concerns over the country’s ability to overcome its deepening debt crisis. During European morning trade, the EURO STOXX 50 edged up 0.23%, France's CAC 40 rose 0.20%, while Germany's DAX 30 inched down 0.02%. Italy’s ten-year bond yields closed at a euro-era high of 7.25% on Wednesday, fueling concerns over a break-up of the euro zone. Later in the day, Italy was to auction EUR5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Edges Higher In Subdued Trade Posted: 10 Nov 2011 01:03 AM PST Forexpros – The pound edged higher against the U.S. dollar in subdued trade on Thursday, following a selloff in riskier assets the day before after Italian borrowing costs spiked to levels widely perceived as unsustainable. GBP/USD hit 1.5940 during European morning trade, the session high; the pair subsequently consolidated at 1.5925, inching up 0.07%. Cable was likely to find short-term support at 1.5875, the low of November 3 and resistance at 1.6119, Wednesday's high. The pound fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CAD Testing Support At 1.02399 Posted: 10 Nov 2011 12:39 AM PST For the past hour the pair has not been able to close below this level. If support continues 1.02644 is the topside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Drop To 3-day Low As Italian Fears Boost Dollar Posted: 10 Nov 2011 12:39 AM PST Forexpros – Gold futures were sharply lower on Thursday, falling to a three-day low as mounting concerns Italy's debt crisis prompted investors to sell their gold positions to raise liquidity. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,762.15 a troy ounce during early European morning trade, tumbling 1.65%. It earlier fell by as much as 0.25% to trade at USD1,755.15 a troy ounce, the lowest price since November 7. Concerns … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Slips Amid Growing Italy/Greece Concerns Posted: 10 Nov 2011 12:24 AM PST Forexpros – The U.S. dollar slipped against the yen on Thursday, as sustained concerns over Italy’s deepening debt woes added to fears over the financial crisis in the euro zone, boosting demand for the safe haven yen. USD/JPY hit 77.62 during late Asian trade, the daily low; the pair subsequently consolidated at 77.62, declining 0.24%. The pair was likely to find support at 77.13, the low of September 8 and resistance at 78.26, the high of November 4. Italy’s ten-year bond yields closed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Tumbles Amid Italy Uncertainty Posted: 10 Nov 2011 12:11 AM PST Forexpros – The New Zealand dollar tumbled to a more than one-month low against its U.S. counterpart on Thursday, as uncertainty over the ability of Italy’s next government to overcome the country’s debt woes dented risk appetite. NZD/USD hit 0.7731 during late Asian trade, the pair’s lowest since October 12; the pair subsequently consolidated at 0.7741, dropping 0.94%. The pair was likely to find support at 0.7676, the low of October 10 and resistance at 0.7900, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Falls To 1-month Low On Italian Debt Worries Posted: 10 Nov 2011 12:00 AM PST Forexpros – The Australian dollar fell to a one-month low against its U.S. counterpart on Thursday, as ongoing concerns over the Italian debt crisis weighed on demand for riskier assets. AUD/USD hit 1.0065 during late Asian trade, the pair’s lowest since October 12; the pair subsequently consolidated at 1.0056, shedding 0.85%. The pair was likely to find support at 0.9905, the low of October 11 and resistance at 1.0231, the high of October 13. Investors remained wary as Italy’s ten-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chinese Trade Surplus Widens Less-than-expected Posted: 09 Nov 2011 11:56 PM PST Forexpros – China’s trade surplus widened less-than-expected in October, as export growth slowed significantly, official data showed on Thursday. In a report, the Customs General Administration of China said the nation's trade surplus widened to USD17.0 billion in October from USD14.5 in the previous month. Economists had expected the trade surplus to widen to USD26.1 billion in October. The report said that exports rose by 15.9% in October from a year earlier, slowing from 17.1% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Plunge On Italy Debt Crisis; Nikkei Drops 2.9% Posted: 09 Nov 2011 11:44 PM PST Forexpros – Pros – Asian stock markets tumbled on Thursday, tracking steep overnight losses from Wall Street as investors dumped riskier assets after a sharp spike in Italian borrowing costs fuelled concerns that the euro zone's debt crisis is worsening. During late Asian trade, Hong Kong’s Hang Seng Index plummeted 5%, Australia's ASX/200 Index sank 2.35%, while Japan's Nikkei 225 Index tumbled 2.9%. Market sentiment was rattled after the yield on Italian 10-year government bonds … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Hits 1-month Low On Italy Debt Concerns Posted: 09 Nov 2011 11:36 PM PST Forexpros – The euro extended the previous day's losses against the U.S. dollar on Thursday, falling to a one-month low as mounting concerns over a spike in Italian bond yields boosted demand for the safety of the greenback. EUR/USD hit 1.3484 during late Asian trade, the pair's lowest since October 10; the pair subsequently consolidated at 1.3505, shedding 0.26%. The pair was likely to find support at 1.3377, the low of October 10 and resistance at 1.3558, the day's high. The euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Enterprise Products Posted: 09 Nov 2011 11:05 PM PST We are upgrading our recommendation on Enterprise Products Partners (NYSE:EPD) to Outperform from Neutral. The partnership, which remains a core holding in a MLP portfolio, focuses on projects that generate stable cash flow and contribute to its integrated value chain. We believe the Haynesville Acadian Expansion and Eagle Ford projects will allow Enterprise to take a lead role in the development of natural gas liquids and natural gas infrastructure. While Enterprise increased its cash flow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: MarketAxess Holdings, Inc. Posted: 09 Nov 2011 11:05 PM PST MarketAxess Holdings, Inc. (MKTX) just spiked into a new all-time high after reporting another great quarter that included a 21% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock provides access to momentum. Company Description MarketAxess Holdings, Inc. operates as an electronic trading platform that enables investment industry professionals to trade corporate bonds and other fixed-income products. The company was founded in 2000 and has a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Hospira, Inc. (HSP) Posted: 09 Nov 2011 11:05 PM PST Hospira Inc.’s (NYSE:HSP) third quarter preliminary results were below expectations due to continued manufacturing problems at the company’s Rocky Mountain facility. The facility is expected to continue functioning below full capacity through the remainder of 2011. The additional costs for manufacturing remediation resulted in lost sales, inventory loss and lower service levels. In addition, management cut its 2011 adjusted earnings guidance to $2.95-$3.05 from $3.90-$4.00. We have slashed our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: SurModics Inc Posted: 09 Nov 2011 11:05 PM PST Looking for a turnaround story? SurModics, Inc. (NASDAQ:SRDX) was sliding for years, but has since refocused on its core businesses and looks to be on the right track. Company Description SurModics divested several business units and is now primarily in the medical device and in vitro diagnostics business. Solid Core Growth On Nov 3 SurModics reported growth in each of its core business units for the fiscal fourth quarter. Sequentially medical devices and in vitro diagnostics rose were up 7% each. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Norfolk Southern Corporation Posted: 09 Nov 2011 11:05 PM PST Economic bellwether Norfolk Southern Corporation (NYSE:NSC) delivered impressive third quarter results as revenue rose 18% year-over-year and EPS soared 34% to $1.59, beating the Zacks Consensus Estimate by 13%. Analysts revised their estimates significantly higher for the railroad, sending the stock to a Zacks #2 Rank (Buy). The company also pays a dividend that yields a solid 2.4%. Valuation is reasonable too, with shares sporting a PEG ratio of 0.8. Company Description Norfolk Southern … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up In Asian Trade Posted: 09 Nov 2011 10:10 PM PST Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday. USD/CHF was trading at 0.9122, up 0.29% at time of writing. The pair was likely to find support at 0.8870, Monday's low, and resistance at 0.9150, today's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.01% to hit 1.3540 and USD/JPY falling 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up During Asian Trade Posted: 09 Nov 2011 07:30 PM PST 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 1.0150, up 0.06% at time of writing. The pair was likely to find support at 1.0109, today's low, and resistance at 1.0427, Monday's high. Earlier in the day, official data showed that Australian employment change rose more-than-expected to a seasonally adjusted 10.1K last month from 22.5K in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed In Mid-day Asian Trade Posted: 09 Nov 2011 07:17 PM PST Forexpros – Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Thursday, following a sharp drop on Wall Street and heightened concerns that Italy would be dragged into euro-zone debt contagion. In mid-day Asian trade, the greenback was lower against the euro, with EUR/USD rising 0.07% to hit 1.3543. A day after the announced resignation of Italian Prime Minister Silvio Berlusconi Italian bonds rose above 7%, the same level at which Ireland, Portugal and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Edges Lower In Mid-day Asian Trade Posted: 09 Nov 2011 06:45 PM PST Forexpros – Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Thursday, following a sharp drop on Wall Street prompted by fears of an escalating debt threat posed to Italy. In mid-day Asian trade USD/JPY hit 77.71, the pair's lowest since Tuesday; the pair subsequently consolidated at 77.79, falling 0.03%. The pair was likely to find support at 75.58, the low of October 31, and resistance at 78.40, the high of November 2. A day after the announced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Thursday 10 November Posted: 09 Nov 2011 06:26 PM PST Asia markets sink, as rising Italian borrowing costs wash fresh waves of anxiety about the euro-zone debt crisis over the region. Italy on the brink as bond yield tops 7%, a day after Silvio Berlusconi is effectively forced to commit to stepping down. Singapore market gapped down and traded below 2800. Support level of 2750 and 2700 shall be viewed carefully. To sum it up, lookout for 2700 (important support) For conservative investor, please stay sideline as market tends to be very choppy. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Tumble In Early Trade; Nikkei Sinks 2.3% Posted: 09 Nov 2011 06:16 PM PST Forexpros – Forexpros – Asian stocks fell sharply in Thursday trade, mirroring heavy losses on Wall Street as dealers took a dim view of the Italian bond market and the implications that another euro-zone country could fall victim to the region's debt threat. During early Asian trade, Hong Kong's Hang Seng Index nosedived 4.61% to 19,091.40, Japan's Nikkei Index fell 2.26% to 8,557.35, while Australia's S&P/ASX 200 sank 2.77% to 4,225.90. The Topix Index of all shares listed on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Weakens In Early Asian Trade Posted: 09 Nov 2011 05:34 PM PST Forexpros – Forexpros – The Australian dollar moved lower against the U.S. dollar Thursday, as the safe-haven greenback saw heightened interest in light of an Italian bond market that threatened to drag the country into the region's debt crisis. AUD/USD hit 1.0109 in early Asian trade, the pair's lowest since October 13; the pair subsequently consolidated at 1.0117, falling 0.27%. The pair was likely to find support at 0.9866, the low of October 12, and resistance at 1.0397, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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