Wednesday, November 9, 2011

DailyMarkets.com - Crude Oil Declines In Early Asian Trade

DailyMarkets.com - Crude Oil Declines In Early Asian Trade

Crude Oil Declines In Early Asian Trade

Posted: 09 Nov 2011 04:56 PM PST

Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Thursday, on fears of European debt contagion and in the wake of a report showing declining crude stocks for the world's largest energy consumer.

On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD95.75 a barrel during early Asian trade, falling 0.27%, after hitting a daily high of USD96.08.

In its weekly report Wednesday, the U.S. Energy Information Administration reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Employment Change Rises More-than-expected

Posted: 09 Nov 2011 04:45 PM PST

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 10.1K, from 20.4K 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

Australian Unemployment Rate Remains Unchanged Unexpectedly

Posted: 09 Nov 2011 04:45 PM PST

Forexpros – Australia's unemployment rate remained unchanged unexpectedly last month, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian unemployment rate remained unchanged at a seasonally adjusted 5.2%, from 5.2% in the preceding month.

Analysts had expected Australian unemployment rate to rise to 5.3% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On Economic Data

Posted: 09 Nov 2011 04:45 PM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of Australian data on Employment Change.

AUD/USD was trading at 1.0127, down 0.17% 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 20.4K in the preceding month.

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

Forex Trading: Usd/hkd Trading Higher After Breaking Through Trend-line.

Posted: 09 Nov 2011 04:35 PM PST

usd/hkd trading higher after breaking through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Found Support For The Fourth Time.

Posted: 09 Nov 2011 04:35 PM PST

usd/cnh found support for the 4th time at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Eases Lower In Early Asian Trade

Posted: 09 Nov 2011 04:16 PM PST

Forexpros –
Forexpros – Gold futures moved lower in Asian trade Thursday, continuing a retreat from a near seven-week high, as fears of Italian debt insolvency rose after the nation's bond yields soared to record levels.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,773.45 a troy ounce during early Asian trade, slipping 0.09%, after hitting a high of USDS1,775.45.

A day after the announced resignation of Italian Prime … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 09 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3532, down 0.07% at time of writing.

The pair was likely to find support at 1.3522, Wednesday's low, and resistance at 1.3859, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8504 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Happened To The MF Global Customer Funds?

Posted: 09 Nov 2011 03:59 PM PST

How is that $600+ million of customer funds disappears from a bankrupt brokerage firm and it is not THE perpetual lead story in every financial periodical?
I know there is a lot going on in the world but this story blows them all away because it strikes at the very heart of our financial markets.
If customers do not have a deep faith and strong belief that their assets are segregated and protected why would any customer maintain an account with any broker? I wouldn't. 
The faith and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Solazyme Biofuel Powers US Flights

Posted: 09 Nov 2011 03:58 PM PST

11/09/11 United Continental and Alaska Air powered domestic flights on Solazyme biofuel. Fuels made from a combination of conventional jet fuel and either cooking oil or algae powered the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Italy Starts To Make Greece Look Good

Posted: 09 Nov 2011 03:36 PM PST

Cusick’s Corner
We’ve had loose and wide trading ranges over the last week, the S&Ps retracing 78% low to high in the last week. As I mentioned in the Midday, the psyche of the trader is uncertain and the market has given little clarity. Most notably today in currency action was the Euro and the breakdown below 1.36, which shook confidence in equities, creating a flight to safe havens into products like bonds and the Dollar where the action is to the upside. This also continues to pressure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 09 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7797, down 0.23% at time of writing.

The pair was likely to find support at 0.7790, today's low, and resistance at 0.7998, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.14% to hit 1.2998 and EUR/NZD rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Extends Slide In Early Asian Trade

Posted: 09 Nov 2011 03:34 PM PST

Forexpros –
Forexpros – The euro edged lower against the U.S. dollar in Asian trade Thursday, continuing its sharpest fall in a year, as investors eyeing rising Italian government bonds feared the country could be the next victim of Europe's debt crisis.

EUR/USD hit 1.3522 in early Asian trade, the pair's lowest since October 10; the pair subsequently consolidated at 1.3529, falling 0.10%.

The pair was likely to find support at 1.3395, the low of October 10, and resistance at 1.3525, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Debt Watch Continues

Posted: 09 Nov 2011 03:20 PM PST

11/09/11 Italy will remain in the spotlight, following Wednesday’s market selloff. US earnings and economic data will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Pitney Bowes

Posted: 09 Nov 2011 03:05 PM PST

Pitney Bowes Inc's (NYSE:PBI) third-quarter fiscal 2011 earnings per share of $0.69 was above the Zacks Consensus Estimate of 54 cents and prior-year earnings of $0.55.
Earnings in the quarter benefited $0.05 per diluted share from insurance reimbursements and $0.08 per diluted share from IRS tax settlement. In the previous two quarters, the company's earnings suffered from loss due to the fire at the company's Dallas presort facility, which in the reported quarter was offset by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Thursday, Nov 10

Posted: 09 Nov 2011 02:54 PM PST

 ( click to enlarge )

Barnes & Noble, Inc. (NYSE:BKS) was one of the few winners on Wednesday. The technical indicators are looking better now for the stock. The stock has broken the horizontal resistance line with heavy volume and looks like it will continue to run up. Looking at the daily technical chart the stock has just entered into a short-term bull market as the stock is on top of 20 day and 50 day moving averages. Other technical indicator such as MACD, is above 0 showing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Dynamics Wins Ammunition Order

Posted: 09 Nov 2011 02:45 PM PST

General Dynamics Ordnance and Tactical Systems, a unit of General Dynamics Corp. (NYSE:GD), has received an ammunition order from the U.S. Army Sustainment Command in Rock Island, Illinois. The ammunition order forms a major part of the third option on a previously awarded multi-year contract.
Under the contract, General Dynamics will produce 20mm PGU-27A/B Training Practice (TP), the PGU-30A/B Training Practice with Tracer (TP-T) and the PGU-28A/B Semi-Armor Piercing High Explosive Incendiary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DOW, Mitsui Complete Joint Venture

Posted: 09 Nov 2011 02:35 PM PST

The largest U.S. chemicals manufacturer, The Dow Chemical Company (NYSE:DOW) and Mitsui & Co., Ltd., of Japan, completed their previously announced 50:50 joint venture in Brazil after securing all necessary governmental and regulatory approvals. The makes Mitsui a 50% equity partner in Dow’s operation in Santa Vitoria, Minas Gerais, Brazil.
The initial scope of the joint venture includes production of sugar cane-derived ethanol for use as a renewable feedstock source, bringing new, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AK Steel Raises Product Prices

Posted: 09 Nov 2011 02:35 PM PST

Effective immediately, AK Steel Holding Corporation (NYSE:AKS) will increase the current spot market base prices by $50 per ton for all carbon flat-rolled steel products. 
Recently, AK Steel posted its third-quarter 2011 results, delivering net loss of $3.5 million or $0.03 cents compared with net loss of $59.2 million or $0.54 cents during the year-ago quarter. However, results were below the Zacks Consensus Estimate of $0.00 cents per share.
Third-quarter 2011 results include after-tax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Wraps Up Zenta Buyout

Posted: 09 Nov 2011 02:20 PM PST

Technology outsourcing and consulting major Accenture plc (NYSE:ACN) recently completed the acquisition of Zenta, a provider of residential and commercial mortgage processing services. Financial terms of the buyout, which was announced back in August, remained undisclosed.
Founded in 2000, Zenta is a top-notch knowledge and business processes outsourcing company, offering a full range of residential mortgage fulfillment and loan servicing support, commercial real estate, capital market analytics, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comerica To Redeem $24M TruPS

Posted: 09 Nov 2011 02:20 PM PST

Comerica Incorporated (NYSE:CMA) has announced to fully redeem about $24 million in trust preferred securities (TruPS). These include redemption of floating rate TruPS of $20 million, issued by Sterling Bancshares Statutory Trust One and $4 million of TruPS issued by BOTH Capital Trust I.
Comerica stated that both these TruPS will be redeemed at par, coupled with accrued and unpaid distributions until the redemption date. The company further stated that Sterling Bancshares Statutory Trust One I … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eurozone Uncertainty Leads To A Dow Plunge

Posted: 09 Nov 2011 02:11 PM PST

11/09/11 The Dow Jones dropped more than 3% this afternoon as both Italy and Greece raised concerns over the health of the eurozone. Italian borrowing costs continued to surge while Greece failed to agree on who will lead the interim … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The “Smart Money”?!

Posted: 09 Nov 2011 02:10 PM PST

Equinix Wins Rackspace Deal

Posted: 09 Nov 2011 02:06 PM PST

Global data center solution and service provider Equinix Inc. (NASDAQ:EQIX) recently announced that it has been selected by Rackspace Cloud to provide data center solutions. Equinix would be mainly responsible for customer-building and deploying private and hybrid clouds.
Enterprise customers now have the option of deploying Rackspace Cloud's Private Edition in International Business Exchange (IBX) data centers located across the world. Equinix's user-friendly platform is expected to provide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Vehicular Recall For Toyota

Posted: 09 Nov 2011 09:00 AM PST

11/09/11 In yet another round of recalls, The Toyota Motor Company is recalling about 550,000 Toyota brand and Lexus brand vehicles worldwide for a potential steering … [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: 09 Nov 2011 01:55 PM PST

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

EUR/USD was trading at 1.3545, down 2.09% at time of writing.

The pair was likely to find support at 1.3524, today's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.06% to hit 0.8506 and EUR/JPY falling 1.99% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cabela’s New Credit Facility

Posted: 09 Nov 2011 01:50 PM PST

In a move to enhance long-term financing flexibility, Cabela's Inc. (NYSE:CAB), one of the leading specialty retailers of hunting, fishing, camping and related outdoor merchandise, recently entered into a new credit agreement with a group of financial institutions led by U.S. Bank.
The newly announced $415 million credit facility is for a period of five years and overrides the previous $350 million facility signed in 2007. Moreover, the company added that the new facility can be extended to $500 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Finds Gas Off Brazil

Posted: 09 Nov 2011 01:36 PM PST

BP Plc (NYSE:BP) announced that it has found traces of gas at its Itaipu-2 pre-salt appraisal well in Brazil's deepwater Campos basin. The company has reported to the Brazilian National Petroleum Agency about the potential discovery.
The Itaipu-2 well, located in block BM-C-32 about 130 kilometers off Brazil, was drilled to a total depth of 4877 meters in 1420 meters of water. Itaipu-2 delineates the discovery made in 2009 in Itaipu-1 wildcat, nearly 7 kilometers to the northwest.
BP has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cisco Turnaround On Track

Posted: 09 Nov 2011 01:36 PM PST

Beleaguered tech giant Cisco Systems (NASDAQ:CSCO) continues its turnaround story after the bell Wednesday, posting its fifth consecutive positive earnings surprise in its first quarter 2012 (October) quarter. Cisco reported an adjusted (for amortization, impairment and restructuring) EPS of 38 cents, which topped the Zacks Consensus Estimate of 34 cents per share.

The company also provided a revenue beat for the quarter: $11.3 billion in sales (GAAP), up from the $11 billion expected in the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Plains Public Offer Of Common Units

Posted: 09 Nov 2011 01:36 PM PST

Plains All American Pipeline, L.P. (NYSE:PAA) announced that it has commenced the process of an underwritten public offering of 7.5 million of its common units representing limited partner interests. The partnership will allow the underwriters of the issue a window of 30 days to purchase up to 1,125,000 additional common units to cover over-allotments, if necessary.
The partnership intends to utilize the net proceeds of the issue, including proceeds from any exercise of the over-allotment option, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Standard Motor Buys Forecast Trading

Posted: 09 Nov 2011 01:27 PM PST

Standard Motor Products Inc. (NYSE:SMP) recently announced that it has acquired the full capital stock of Florida-based Forecast Trading Corporation for an approximate price of $44 million.
Forecast is a well-known supplier and distributor of value-priced engine management products including ignition coils, ignition modules, switches and sensors, and filters. The company's distribution facilities are primarily located in Fort Lauderdale, Florida.
Forecast boosts a strong track record of sourcing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On Travelers

Posted: 09 Nov 2011 01:19 PM PST

The Travelers Companies Inc. (NYSE:TRV) continues to benefit from its strong market position and economies of scale. The company spent a higher amount in buying back shares supported by its balance sheet strength. It also scores strongly with the credit rating agencies.
However, these positives are somewhat dwarfed by the exposure to catastrophe losses and lower net investment income. We thus retain our Neutral recommendation on the company.
Travelers has small and mid-sized commercial accounts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 3.20%

Posted: 09 Nov 2011 01:15 PM PST

Forexpros – U.S. stocks were down after the closing bell on Wednesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 3.20%, the S&P 500 index shed 3.67%, while the Nasdaq 100 index declined 3.58%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 2.17%; Germany's DAX shed 2.21%; Britain's FTSE 100 declined 1.92%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Suncor Unveils 2012 Guidance

Posted: 09 Nov 2011 01:06 PM PST

Canada's biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (NYSE:SU) unveiled its 2012 guidance. In particular, the company outlined plans to increase oil sands production 12% by next year, while boosting capital expenditures by about C$800 million.
The Calgary, Alberta-based energy explorer guided towards a total production of 530,000–580,000 barrels of oil equivalent per day (BOE/d) for 2012, up from the expected output of 530,000–560,000 BOE/d in 2011.
However, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

URS Loss From Goodwill Impairment

Posted: 09 Nov 2011 01:06 PM PST

URS Corp. (NYSE:URS) reported third-quarter fiscal 2011 loss per share of $8.05 compared with earnings per share of 87 cents in third-quarter 2010. The Zacks Digest Consensus Estimate for earnings per share were 99 cents.
During the quarter, the company recorded a goodwill impairment charge of $9.03 per share, resulting in a reported loss per share. The goodwill impairment charge is mainly led by adverse stock market conditions that led to a decrease in the company’s stock price as of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ampyra Drives Acorda Revenues

Posted: 09 Nov 2011 12:55 PM PST

Acorda Therapeutics Inc. (NASDAQ:ACOR) reported adjusted earnings of 40 cents per share for the third quarter of fiscal 2011, down from 43 cents in the year-ago period. After adjusting costs related to the Apotex patent infringement trial court decision regarding Zanaflex, earnings stood at 85 cents per share, well above the Zacks Consensus Earnings Estimate of 72 cents per share.
The year-ago comparable earnings were 31 cents. Results were boosted mainly due to a milestone payment received from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 09 Nov 2011 12:55 PM PST

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

GBP/USD was trading at 1.5926, down 1.01% at time of writing.

The pair was likely to find support at 1.5905, today's low, and resistance at 1.6130, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 1.05% to hit 0.8508 and GBP/JPY falling 0.91% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prudential Ups Dividend

Posted: 09 Nov 2011 12:50 PM PST

Prudential Financial Inc. (NYSE:PRU) has announced a 26% hike in its annual dividend to $1.45 per share from $1.15. The dividend will be paid on December 16, to shareholders of record at the close of business on November 22.
With this increased payout, Prudential's dividend yield stands at 2.66%, up from the previous yield of 2.20%. This dividend yield is significantly higher than 2.10% for its nearest peer MetLife Inc (NYSE:MET).
The latest action reflects the company's liquidity and capital … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Face To Face: Polcari – Schoenberger

Posted: 09 Nov 2011 12:40 PM PST

11/09/11 ICAP’s Kenneth Polcari and LandColt Trading’s Todd Schoenberger weigh in on Italian bond yields, volatility and the Super Committee’s November 23 deadline to slash the US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Judge Blocks Tobacco Warning Laws

Posted: 09 Nov 2011 12:35 PM PST

Tobacco companies heaved a sigh of relief as a federal judge blocked the rule that mandated tobacco warning labels on the cigarette packets. The images and texts or the health warnings, which were designed by the Food and Drug Administration (FDA), were considered to violate these companies' right of free speech and have been blocked by U.S. District Judge Richard Leon in Washington.
Tobacco giants, Reynolds American Inc. (NYSE:RAI), Lorillard Inc. (NYSE:LO), Ligget Group, Santa Fe Natural Tobacco, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allstate Raises Debt To Buyback Stock

Posted: 09 Nov 2011 12:35 PM PST

Yesterday, the board of Allstate Corporation (NYSE:ALL) announced the approval of a new share repurchase program worth $1.0 billion. While the share buy back will be made through open market operations, it is scheduled to complete by March 31, 2013.
Accordingly, the auto and home insurer of the US – Allstate plans to fund the share repurchases and another listed debt maturity next year through its debt capital. For this, the board has also approved its preferred stock offering coupled with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Mama Mia Market!

Posted: 09 Nov 2011 12:34 PM PST

Cusick’s Corner
Italy is weighing on the psyche of the bid. We are heading to levels in the equities, 1233 on the S&Ps, where if broken could trigger a potential challenge to mid-term support of 1200 on the S&Ps. I will be watching the Dollar strength, UUP, to see if this ramps up pressure in the red hot precious Metals, Gold/Silver. The shakeout in both these markets has been orderly and while the downside could continue today, it looks like there is support down at these mid-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 09 Nov 2011 12:30 PM PST

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

USD/CHF was trading at 0.9092, up 1.60% at time of writing.

The pair was likely to find support at 0.8776, Friday's low, and resistance at 0.9110, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 2.07% to hit 1.3548 and USD/JPY rising 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CU, PLTM

Posted: 09 Nov 2011 12:20 PM PST

Weekly update on the First Trust ISE Global Copper Index Fund and the First Trust ISE Global Platinum Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 09 Nov 2011 12:10 PM PST

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

USD/CAD was trading at 1.0216, up 1.27% at time of writing.

The pair was likely to find support at 1.0071, Friday's low, and resistance at 1.0233, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 2.07% to hit 1.3547 and GBP/USD falling 1.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 09 Nov 2011 11:45 AM PST

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

EUR/USD was trading at 1.3538, down 2.14% at time of writing.

The pair was likely to find support at 1.3524, today's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.10% to hit 0.8503 and EUR/JPY falling 2.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 09 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.

AUD/USD was trading at 1.0167, down 2.18% at time of writing.

The pair was likely to find support at 1.0151, today's low, and resistance at 1.0439, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.14% to hit 1.3331 and AUD/JPY falling 2.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Germany 30 (DE30)

Posted: 09 Nov 2011 04:32 AM PST

By ForexMansion.com
by, James A. Hyerczyk
After another day of volatile up and down action, the Germany 30 (DE30) index CFD finally decided on a direction as evidenced by its solid breakout through the support line of a triangle chart pattern on the 240-minute chart. If downside momentum continues, this index CFD should reach the Autochartist target zone at 5679.45 to 5504.38 over the near-term.

The overall quality of this chart pattern is a slightly above average 6-bars. The initial trend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, November 10, 2011

Posted: 09 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, November 10, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1225.50
− 3.75
1250.00
1242.67

Bearish

Dow Jones – Dec YMZ1
11735
− 3.21
11937
11859

Bearish

Nasdaq – Dec NQZ1
2311.00
− 3.49
2353.75
2340.00

Bearish

Russell – Dec TFZ1
715.70
− 4.93
736.46
735.27

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
142-23
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, November 10, 2011

Posted: 09 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, November 10, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0141
− 2.40
1.0314
1.0428

Bearish

EURUSD – Euro / US Dollar
1.3541
− 2.10
1.3735
1.3854

Bearish

GBPUSD – British Pound / US Dollar
1.5922
− 1.03
1.6035
1.6023

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0237
+ 1.46
1.0150
1.0106

Bullish

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

The Trend Trader For Stock Trading On Thursday, November 10, 2011

Posted: 09 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, November 10, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.20
− 5.38
10.61
10.77

Bearish

AXP – American Express Company
49.21
− 4.15
50.60
50.71

Bearish

BA – Boeing Co
64.55
− 3.15
65.70
65.22

Bearish

BAC – Bank of America Corporation
6.16
− 5.67
6.39
6.66

Bearish

CAT – Caterpillar Inc
91.64
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, November 10, 2011

Posted: 09 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, November 10, 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
110.13
+ 0.17
110.10
110.02

Bullish

BND – Vanguard Total Bond Market ETF
83.75
+ 0.12
83.82
83.78

Bearish

DBC – DB Commodity Index Tracking Fd
27.91
− 2.21
28.27
27.64

Neutral

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

Daily FTSE Technical Update

Posted: 09 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The inability to follow-through to the upside was the first sign of weakness in the FTSE 100 on Wednesday. The lack of bids gave short-traders a chance to dominate the trade. In addition, the absence of fresh buyers triggered profit-taking selling. Based on the short-term trading pattern, the weak close has set up the index to change the trend to down.

The short-term range is 5747.30 to 5338.40. This range created a retracement zone at 5542.85 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Brent Crude Oil

Posted: 09 Nov 2011 02:33 AM PST

By ForexMansion.com
By Jonah S. Ford  
A big drop in the energy complex sent Brent Crude Oil futures towards a projected support level on the Autochartist platform's 240-minute time interval. The move had been anticipated since a successful retest of resistance created by a Channel Up chart pattern near the $116.00 per barrel peak.

Brent Crude has been trading inside of this Channel Up chart pattern since the most recent rally began at $106 per barrel. Since then the pattern has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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