Tuesday, November 29, 2011

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

Forex – EUR/USD Up In Asian Trade

Posted: 29 Nov 2011 05:05 PM PST

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

EUR/USD was trading at 1.3338, up 0.18% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3441, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8545 and EUR/JPY rising 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Short And Long Term Gold Outlook

Posted: 29 Nov 2011 04:49 PM PST

Gold has been extremely bullish the last three years, but has been virtually stagnant the last few months, which could lead to an impressive move ahead. Here's a short and long term Gold outlook that could prove very rewarding..

Short Term Outlook
The Daily chart of the Gold futures contract shows price has been rather flat the last three months, with a net loss of about 4% during this time. However, price looks poised to push higher the next two weeks.
More to the point, a new buy signal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Private New Capital Expenditure Rises More-than-expected

Posted: 29 Nov 2011 04:45 PM PST

Forexpros – Australian private new capital expenditure rose more-than-expected in the last quarter, official data showed on Wednesday.

In a report, Australian Bureau of Statistics said that Australian private new capital expenditure rose to a seasonally adjusted 12.3%, from 4.9% in the preceding quarter.

Analysts had expected Australian private new capital expenditure to rise 8.0% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Retreats After Testing The 200MV

Posted: 29 Nov 2011 04:35 PM PST

usd/sgd retreats after testing the 200 moving average signaling it will go … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh In A Weekly Downward Channel

Posted: 29 Nov 2011 04:35 PM PST

usd/cnh in a weekly downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 29 Nov 2011 04:35 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of Japanese data on Industrial Production.

USD/JPY was trading at 78.06, up 0.17% at time of writing.

The pair was likely to find support at 77.18, Friday's low, and resistance at 78.28, Tuesday's high.

Earlier in the day, preliminary data showed that Industrial production in Japan rose more-than-expected to a seasonally adjusted 2.4% last month from -3.3% in the preceding month.

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

Talking Pictures

Posted: 29 Nov 2011 04:22 PM PST

If pictures speak louder than words, what do these four images tell you?
Daily Mail: Half of the U.S. population is worried they won’t be able to buy the holiday presents on their list because of their financial situation:

Tim Duy’s Fed Watch: History suggests the U.S. economy will be unable to resist the pull of a European downturn (contrary to what Wall Street might say):

Hussman Funds’ Weekly Market Comment: The debt burden of U.S. corporations is near all time highs, having retreated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will It Be The Jolly Season?

Posted: 29 Nov 2011 04:11 PM PST

Seasonal bias comming for the markets, will it be so? Marc Faber and EL Erian speak there … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 29 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3318, up 0.03% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3441, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8540 and EUR/JPY rising 0.20% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Industrial Production Rises More-than-expected

Posted: 29 Nov 2011 04:05 PM PST

Forexpros – Industrial production in Japan rose more-than-expected last month, preliminary data showed on Tuesday.

In a report, the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 2.4%, from -3.3% in the preceding month.

Analysts had expected industrial production to rise 1.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RIM To Support Android, IOS

Posted: 29 Nov 2011 03:58 PM PST

11/29/11 Research in Motion announced the BlackBerry Mobile Fusion, its cross platform device management … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Traveling Into Uncharted Waters Looking For Ben

Posted: 29 Nov 2011 03:51 PM PST

What lies ahead on our global economic landscape?
While market analysts and economists are paid to provide opinions, you know what they say about opinions.
Our global economy and markets have been supported by such unprecedented levels of government intervention with accompanying massive unintended consequences that trying to navigate our economic landscape can only be equated to "traveling in uncharted waters".
Certainly assorted market mavens, economic soothsayers, and political pundits … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AES Clinches DPL Acquisition

Posted: 29 Nov 2011 03:45 PM PST

The AES Corporation (NYSE:AES) has completed the acquisition of DPL Inc. after receiving all necessary regulatory approvals. Recently, the Public Utilities Commission of Ohio ("PUCO") cleared the acquisition deal. DPL will now become a wholly owned subsidiary of AES Corporation.
The company had entered into an agreement to acquire DPL in April this year. Per the agreement, AES offered to pay $30 per share in cash to DPL shareholders. The company had agreed to pay a total of $3.5 billion in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 29 Nov 2011 03:35 PM PST

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7630, up 0.26% at time of writing.

The pair was likely to find support at 0.7371, Friday's low, and resistance at 0.7652, today's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.10% to hit 1.3127 and EUR/NZD falling 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On Progressive

Posted: 29 Nov 2011 03:30 PM PST

Progressive Corp. (NYSE:PGR) holds a dominant position in product, service and distribution innovation, especially in Personal Auto. The company continues to focus on customer retention, actively manage its capital position and return wealth to its shareholders.
However, these positives are somewhat dwarfed by headwinds at its Commercial Auto businesses as well as higher combined ratio. We thus retain out Neutral recommendation on the company.
Progressive is seen as a leader in product, service … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Back To Neutral On Isis Pharma

Posted: 29 Nov 2011 03:25 PM PST

We recently downgraded Isis Pharmaceuticals (NASDAQ:ISIS) to Neutral from an Outperform recommendation. Isis Pharma is a drug discovery and development company that focuses on the development of products using ribonucleic acid (RNA)-based technologies, such as antisense. The company discovers new drugs and out-licenses them to partners for license fees, milestone payments, and royalties.
Isis Pharma's lead pipeline candidate, Kynamro (mipomersen), is being developed for the treatment of familial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADP, Beige Book Highlight Midweek Calendar

Posted: 29 Nov 2011 03:20 PM PST

11/29/11 The ADP employment report will be closely watched ahead of Friday’s jobs report. The financial sector will be in the spotlight after S&P cut the credit rating of several US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Continued Cautious Outlook On CSX

Posted: 29 Nov 2011 03:05 PM PST

Despite disturbances to demand levels from the ongoing economic upheaval, CSX Corp. (NYSE:CSX) continues to post strong year-over-year growth backed by a favorable pricing momentum.
We remain encouraged by the company's segment performance and look forward to accelerated growth, particularly in Intermodal, export coal and strong volumes of phosphates and fertilizers shipments. We believe CSX will deliver volume growth above GDP levels, in parallel with pricing above inflation, in a sound … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mindray Ultrasound Systems At RSNA

Posted: 29 Nov 2011 03:00 PM PST

Leading Chinese medical devices maker Mindray Medical International Limited (NYSE:MR) will unveil a new ultrasound system at the ongoing Radiology Society of North America ("RSNA") annual meet in Chicago. The new system dubbed DC-T6 is a high performance imaging platform with a user-friendly, compact mobile design.
The affordable DC-T6 sports a high-resolution, 15-inch TFT monitor and a swivel and height-adjustable control panel. It also features iPower, an embedded battery, which offers up to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gentiva Modifies Credit Facility

Posted: 29 Nov 2011 02:47 PM PST

Yesterday, Gentiva Health Services Inc. (NASDAQ:GTIV) announced an amendment to its senior secured credit agreement in order to make the financial agreements more flexible for the fourth quarter of 2011.
The amendment consists of alteration of the definition of consolidated EBITDA (earnings before interest, taxes, depreciation and amortization), whereby all expenses related to Gentiva's cost realignment and the operating losses of all the branches that are scheduled to be closed or sold in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper’s Mobile Security Continues

Posted: 29 Nov 2011 02:47 PM PST

Juniper Networks Inc. (NASDAQ:JNPR) recently announced that it will offer Junos Pulse Mobile Security Suite to Canadian telecom company, TELUS. Financial details of the deal were not divulged.
Use of personal devices in the workplace and access to corporate networks is common these days. This prompted TELUS to secure not only its employees' mobile phones but also its network resources.
Launched in June 2010, the Junos Pulse software is specially designed to maintain the same standard of security … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Where’s The Vol?

Posted: 29 Nov 2011 02:42 PM PST

Cusick’s Corner
The market has reached a point of uncertainty, flagged by a candle formation referred to as a spinning top on the S&Ps and the NASDAQ. A few things to watch over the next few days — Euro Currency, FXE, $1.32 needs to be held, the NASDAQ needs to build some momentum to the upside, and the bond action has been extremely choppy and this is not typical which is really perplexing. Also, we are seeing Crude Futures, CLF12, outpacing the oil services, OIH, which has service … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walmart, Amazon Tame Packaging Rage

Posted: 29 Nov 2011 02:30 PM PST

Customers buying goods from Walmart Inc. (NYSE:WMT) can heave a sigh of relief as the world's biggest retailer teams up with online giant Amazon.com Inc. (NASDAQ:AMZN) to eliminate cumbersome packaging by manufacturers.
The two retail giants are also pushing other biggies like Procter & Gamble Company (NYSE:PG) to design user-friendly packaging materials and do away with nearly impenetrable plastic packaging, known as clamshells.
These clamshell packages use excessive amounts of harmful plastic such … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KMP Unveils 2012 Guidance

Posted: 29 Nov 2011 02:15 PM PST

Kinder Morgan Energy Partners, L.P. (NYSE:KMP) has provided its initial estimates for 2012. The partnership expects to distribute cash of $4.98 per unit next year. This is an 8.3% increase over its 2011 budget target of $4.60 per unit.
Kinder Morgan Inc. (KMI) owns the general partner interest of Kinder Morgan Energy Partners, which is the main driver of its parent company's growth. Kinder Morgan Energy accounts for about 98% of the distributions that Kinder Morgan Inc. receives. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

4 Stocks To Watch On Wednesday, Nov 29

Posted: 29 Nov 2011 02:15 PM PST

( click to enlarge )

Inhibitex, Inc. (NASDAQ:INHX) broke out today, after it has been consolidating the past few trading days. The stock moved up on heavy volume and should have a continuation move on Wednesday. If the stock can break through today’s high of $13.94, I am a buyer of the stock.

( click to enlarge )

Shares of Dex One Corporation (DEXO) surged 52% to $1.57 per share. The technical chart above shows possibility of new rally as %K line is on top of %D line again with stock back … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Approves Philips Scanners

Posted: 29 Nov 2011 02:05 PM PST

In the face of high competition, the Dutch company Royal Philips Electronics NV (NYSE:PHG) got approval from the U.S. Food and Drug Administration (FDA) to sell a combination scanner that performs both positron emission tomography (PET) and magnetic resonance imaging. The scanner is expected to accelerate imaging time for cancer patients, as PET identifies cancer cells as it absorbs chemical tracers.
The magnetic resonance imaging will be helpful to identify the surrounding tissue. In addition, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arrow Offers Alcatel-Lucent Solutions

Posted: 29 Nov 2011 02:05 PM PST

Arrow Electronics (NYSE:ARW) recently announced that its business segment Arrow Enterprise Computing Solutions (ECS) now offers the full line of enterprise voice, data and security solutions from Alcatel-Lucent (NYSE:ALU) in North America.
Arrow provides enterprise computing solutions to value-added resellers (VARs) through its global ECS business segment. The computing segment includes products like servers, workstations, storage products, microcomputer boards and systems, design systems, desktop … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Consumers Are Responsible For Income Inequality

Posted: 29 Nov 2011 02:04 PM PST

“Paul Krugman laments in his Nov. 3 New York Times column “Oligarchy, American Style,” “We have a society in which money is increasingly concentrated in the hands of a few people, and in which that concentration of income and wealth threatens to make us a democracy in name only.” 

I’d ask Krugman this question: Who’s putting all the money in the hands of the few, and what do you think ought to be done to stop millions, perhaps billions, of people from using their money in ways that lead … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europe Leads Stocks Slightly Higher

Posted: 29 Nov 2011 09:00 AM PST

11/29/11 NYFP’s Closing Bell Report: The Big Board saw a slight rise this session led by optimism concerning the EFSF summit in Brussels and a rise in consumer … [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: 29 Nov 2011 01:55 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3313, down 0.05% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3441, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aflac Retained At Neutral

Posted: 29 Nov 2011 01:50 PM PST

Recently, we reiterated our recommendation on Aflac Inc. (NYSE:AFL) at Neutral, based on the current sustainability factor. The company's third quarter operating earnings per share of $1.66 came in comfortably higher than the Zacks Consensus Estimate of $1.60 and $1.45 reported in the year-ago quarter. Operating earnings also escalated 13.7% year over year to $778 million.
Growth in the third quarter was supported by higher premium income, modest investment yields, favourable dollar/yen exchange … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GE Stays Neutral

Posted: 29 Nov 2011 01:50 PM PST

We maintain a Neutral rating on General Electric Company (NYSE:GE), since the shares appear to be fairly valued. While the 10.8 multiple to our earnings estimate for 2011 represents a 37% discount to the peer group, we believe the valuation is justified by GE's weaker earnings power.
The energy business is expected to drive long-term growth for General Electric, as global demand for alternative energy production will continue to increase. The company had an order growth of 15% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Hits Oil In Campos Basin

Posted: 29 Nov 2011 01:40 PM PST

Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) announced the discovery of an accumulation of crude oil in Marlin Complex, offshore Campos basin. However, Petrobras did not disclose the amount of oil discovered.
The presence of oil was traced in post-salt rocks through the well 4-VD-18-RJS (4-BRSA-994-RJS) – also known as Tucura – that is located 60.9 miles from the shore of Rio de Janeiro State. At a water depth of 1715.9 feet, the well lies between the production fields of Voador and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UnitedHealth Provides 2012 Guidance

Posted: 29 Nov 2011 01:35 PM PST

On Monday, through a brief press release, health insurer UnitedHealth Group Inc. (NYSE:UNH) announced its earnings outlook for the full year 2012. The company expects the earnings to be in the range of $4.55 to $4.75. It also affirmed its 2011 full year guidance of $4.52 to $4.57.
While the upper range of UnitedHealth's 2012 earnings guidance is in tune with the Zacks Consensus Estimate, its 2011 guidance is meeting the Zacks Consensus Estimate of $4.55, at the midpoint range.
UnitedHealth, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Nat Gas Production Hits New Record In Sept.

Posted: 29 Nov 2011 01:26 PM PST

The EIA released data today on U.S. natural gas production for the month of September.  On a seasonally-adjusted basis, natural gas production in the U.S. reached a new record-high level of almost 2.5 trillion cubic feet in September, and almost 6% above the year-ago level.  Compared to September 2006, natural gas production has increased by 22% over the last five years.       

Here’s the opening paragraph from a related story on natural gas in The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gartner Releases 3Q Server Results

Posted: 29 Nov 2011 01:25 PM PST

Technology research firm Gartner (NYSE:IT) recently released its third quarter 2011 server shipment results. Server shipments in the reported quarter grew 7.2% on a year-over-year basis, while revenues generated by server shipments increased 5.2% from the year-ago quarter.
The industry witnessed worldwide growth, as most geographies,with the exception of Western Europeposted both shipment and revenue growth. Western Europewitnessed a revenue decline of 4.9% during the period. The Asia/Pacific saw … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Mixed At Close; Dow Jones Up 0.28%

Posted: 29 Nov 2011 01:25 PM PST

Forexpros – U.S. stocks were mixed after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.28%, the S&P 500 index gained 0.22%, while the Nasdaq 100 index declined 0.58%.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was revised up from 39.8.

Analysts had expected CB consumer confidence to rise to 43.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Freeport-McMoRan Strike Called Off

Posted: 29 Nov 2011 01:16 PM PST

Workers at  Freeport-McMoRan Copper & Gold (NYSE:FCX) decided to end a strike at Peruvian copper mine Cerro Verde that began almost two months ago. 
Union workers discontinued their work in September 2011 to back demands for higher pay. Cerro Verde has been operating the mine at two-thirds of the normal daily rate with supervisors and volunteer personnel.
As per the union, no agreement was reached with the company. However, workers expect authorities from Arequipa region, where the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: Viacom Inc.

Posted: 29 Nov 2011 01:05 PM PST

Viacom Inc. (VIA.B) declared blockbuster fourth quarter 2011 financial results, where both earnings per share (EPS) and total revenue exceeded the Zacks Consensus Estimate. The solid performance was mainly attributable to the huge success of the movie Transformers: Dark of the Moon, which generated more than $1 billion during the quarter.
In synergy with such strong performance, the company also increased its share repurchase authorization from $4 billion to $10 billion.
Fourth Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bankrupt! American Airlines Files For Ch.11 Protection

Posted: 29 Nov 2011 01:00 PM PST

11/29/11 The parent company of American Airlines, AMR Corp., filed for Chapter 11 bankruptcy protection this morning after failing to secure cost-cutting labor agreements and sitting out of a round of mergers amongst … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 29 Nov 2011 12:55 PM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

GBP/USD was trading at 1.5610, up 0.62% at time of writing.

The pair was likely to find support at 1.5424, Friday's low, and resistance at 1.5656, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RenaissanceRe Drops To Underperform

Posted: 29 Nov 2011 12:50 PM PST

We have downgraded our recommendation on RenaissanceRe Holdings Ltd. (NYSE:RNR) to Underperform from Neutral based on the company's poor operating results in the third quarter, coupled with the declining interest rate scenario, which have also led to a reduced earnings outlook for the fourth quarter of 2011.
RenaissanceRe reported third quarter operating income per share of 62 cents, lagging the Zacks Consensus Estimate of 84 cents and prior-year income of $1.59. Operating income showed a sharp … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citigroup-SEC Settlement Revoked

Posted: 29 Nov 2011 12:40 PM PST

Yesterday, U.S. District Judge Jed Rakoff rejected Citigroup Inc.'s (NYSE:C) $285 million settlement with the U.S. Securities and Exchange Commission (SEC). The settlement was to compensate investors for misleading them with a housing market related collateralized debt obligation (CDO).
Rakoff concluded that the facts and figures submitted by Citigroup were unsatisfactory. Moreover, he commented that the settlement was “neither fair, nor reasonable, nor adequate, nor in the public interest.” … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: American Eagle

Posted: 29 Nov 2011 12:30 PM PST

American Eagle Outfitters Inc. (NYSE:AEO) is scheduled to report its third-quarter 2011 financial results before the opening bell on November 30, 2011. The current Zacks Consensus Estimate for the quarter is earnings of 27 cents a share. For the quarter under review, revenue is expected to be 819.0 million, according to the Zacks Consensus Estimate.
Second-Quarter 2011 Synopsis
American Eagle's earnings in the second quarter decreased to 10 cents per share from its year-ago earnings of 13 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 29 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/CHF was trading at 0.9200, down 0.25% at time of writing.

The pair was likely to find support at 0.9141, today's low, and resistance at 0.9330, Friday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Signs New Credit Facility

Posted: 29 Nov 2011 12:25 PM PST

Duke Energy Corporation (NYSE:DUK) recently announced a new $6 billion, five-year credit agreement.
Duke Energy will have immediate access to $4 billion under the credit agreement while $2 billion becomes available following the successful closing of Duke Energy’s proposed merger with Progress Energy Inc. (NYSE:PGN). The merger is expected to be completed by the end of fiscal 2011.
The credit agreement replaces the company’s existing credit facility of $3.14 billion and Progress Energy's credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 29 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/CAD was trading at 1.0305, down 0.35% at time of writing.

The pair was likely to find support at 1.0259, today's low, and resistance at 1.0523, Friday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gilead’s Eviplera Cleared In EU

Posted: 29 Nov 2011 12:05 PM PST

Gilead Sciences, Inc (NASDAQ:GILD), the world's largest HIV drug maker, received marketing authorization from the European Medicines Agency (EMA) for the single tablet regimen (STR), Eviplera, for the treatment of HIV in previously untreated adults. The STR combines Gilead's marketed HIV drug Truvada (a fixed-dose, once-daily tablet containing Gilead’s Viread and Emtriva) and Johnson and Johnson's (NYSE:JNJ) new HIV drug Edurant. The STR is already marketed as Complera in the US. The EMA however … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Natural Gas For Anadarko

Posted: 29 Nov 2011 11:50 AM PST

Independent oil and gas producer Anadarko Petroleum Corporation's (NYSE:APC) latest discovery off the coast of Mozambique has substantially raised the total reserve of natural gas in the field located in the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect.
Initial finding from this field, a year ago, suggested an estimated reserve of about 6 trillion cubic feet (Tcf) of natural gas but the new find has lifted the estimated recoverable resource to a range of 15–30 Tcf of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 29 Nov 2011 11:45 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3334, up 0.11% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3441, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Impressive Bounce

Posted: 29 Nov 2011 11:37 AM PST

Cusick’s Corner
This is an impressive bounce but off of deeply oversold levels that held into last Friday’s close, it’s a trend change that could hold. This is a rally based on potential, potential that Italy and the EU are getting on the same page plus there is some scared money out there that maybe cannot afford to miss a leg up. For me to be a believer in this trend I need to see a strong close today and a hold tomorrow. I would like to see Tech, QQQ, Oil Services, OIH, and Retail performing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Main Street Is Busy

Posted: 29 Nov 2011 11:37 AM PST

Cusick’s Corner
There is not much that looks to be getting in the way of this trend today. However, any headline coming out of the EU finance ministers meeting over the next two days that deviates from a fast tracked fiscal solution to the debt issues could be problematic. The initial reports of this holiday gift buying season are coming in solid but we really will not know the true impact of the retail numbers until late December or early January. To strategically ride out potentially choppy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Improving Consumer Confidence Offset By Bearish Stock Headlines

Posted: 29 Nov 2011 11:36 AM PST

Cusick’s Corner
Rumors, headlines and meetings are currently dominating the market psyche, causing many traders to scale back on size and frequency, which makes sense when there are so many unknowns. This is a tough environment — we are a headline away from challenging the upside or a downgrade away which could halt any advance. Strategically if you are bullish, might want to take a look at buying at-the-money verticals or if you’re bearish, consider buying in-the-money put verticals, both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hologic Launches C-View Software

Posted: 29 Nov 2011 11:30 AM PST

Hologic (NASDAQ:HOLX), a leading player in the field of women's health, has released its C-View synthesized 2D image reconstruction algorithm. This eliminates the requirement of a conventional 2D mammogram as a part of a 3D mammography (tomosynthesis breast cancer screening). The C-View software creates a 2D image from a single tomosynthesis, thus doing away with the need for additional 2D exposures.
Hologic will feature the new algorithm along with its Selenia Dimensions breast tomosynthesis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AGCO Issues Debt To Fund GSI Buy

Posted: 29 Nov 2011 11:20 AM PST

AGCO Corporation (AGCO) has priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition of GSI Holdings Corp.
The notes were priced at 100% of par value and the offering is expected to close on December 5, 2011, subject to customary closing conditions. The net proceeds are estimated at approximately $297 million after expenses. The notes will be sold to qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933.
In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 29 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

AUD/USD was trading at 1.0008, up 1.04% at time of writing.

The pair was likely to find support at 0.9668, Friday's low, and resistance at 1.0077, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Steel Stock Review & Outlook

Posted: 29 Nov 2011 11:05 AM PST

Overview

The World Steel industry is rather concentrated in structure, with a few producers accounting for the lion's share of sales.

Steel products are classified into four broad categories: flat steel products, long steel products, scrap and semi-finished products. Flat products include plates, hot-rolled strip and sheets and cold-rolled strip and sheets. The long steel product category comprises wire rods, beams, reinforced bars and merchant bars. The products under both these categories … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prologis Leases In The Netherlands

Posted: 29 Nov 2011 11:05 AM PST

Prologis Inc. (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently signed a lease agreement spanning 540,000 square feet of its development portfolio in the Netherlands with Syncreon, a worldwide logistics service provider, for an undisclosed amount. The lessee would occupy the space at Prologis Park Tilburg, which is located in the Industrial Park Vossenberg-West, northwest of Tilburg, and consists of three state-of-the-art distribution facilities totaling about 1.3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Rig Count Edges Lower

Posted: 29 Nov 2011 10:50 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of land rigs, partially offset by improved offshore rig count.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Nabors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 29 Nov 2011 10:45 AM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/JPY was trading at 77.84, down 0.17% at time of writing.

The pair was likely to find support at 77.02, Thursday's low, and resistance at 78.28, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shutterfly Obtains Credit Facility

Posted: 29 Nov 2011 10:35 AM PST

Shutterfly Inc. (NASDAQ:SFLY) recently announced the closure of a new $125 million revolving credit facility. The new credit will serve general corporate purposes and will mature in five years. Per the agreement, the new facility will allow the company to borrow $75 million more, subject to certain regulatory conditions.
JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) acted as Joint Bookrunners as well as lead arrangers for the new revolving credit facility. This facility is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costa: “Oil Will Eventually Flatten Out”

Posted: 29 Nov 2011 10:20 AM PST

11/29/11 Empire Executions’ Peter Costa weighs in on key technical levels and discusses the latest US economic data releases and advance in crude oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 0.95%

Posted: 29 Nov 2011 10:05 AM PST

Forexpros – European stocks were up after the closing bell on Tuesday.

At the close of European trade, Germany's DAX rose 0.95%, London's FTSE 100 gained 0.46%, France's CAC 40 climbed 0.46% and the EURO STOXX 50 was up 0.56%.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 56.0 last month from 40.9 in the preceding month whose figure was revised up from 39.8.

Analysts had expected CB consumer confidence to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises On Debt Solution Hope

Posted: 29 Nov 2011 04:30 AM PST

11/29/11 The euro currency was rising for a second straight session following growing hopes that the ongoing European financial minister summit in Brussels will address methods to contain the EU debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 29 Nov 2011 04:32 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The FTSE 100 index inched higher on Tuesday but the intraday trading was volatile. With the main trend down, the current two-day rally has most likely been short-covering. Without the formation of a solid support base, any rally is likely to die out especially if the corrective top ends up inside one of two major retracement zones.
The main range is the October top at 5747.30 to the November bottom at 5075.20. This range has created a major retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, November 30, 2011

Posted: 29 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, November 30, 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
109.66
+ 0.04
109.59
109.68

Neutral

BND – Vanguard Total Bond Market ETF
83.54
− 0.14
83.60
83.67

Bearish

DBC – DB Commodity Index Tracking Fd
27.32
+ 1.30
27.00
26.87

Bullish

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

The Trend Trader For Stock Trading On Wednesday, November 30, 2011

Posted: 29 Nov 2011 04:04 AM PST

By ForexMansion.com

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

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.31
− 1.59
9.26
9.14

Bullish

AXP – American Express Company
45.55
− 1.00
45.61
45.36

Neutral

BA – Boeing Co
65.26
+ 0.42
64.42
63.78

Bullish

BAC – Bank of America Corporation
5.08
− 3.24
5.21
5.32

Bearish

CAT – Caterpillar Inc
90.54
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, November 30, 2011

Posted: 29 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, November 30, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0003
+ 1.03
0.9862
0.9795

Bullish

EURUSD – Euro / US Dollar
1.3316
− 0.01
1.3314
1.3338

Neutral

GBPUSD – British Pound / US Dollar
1.5593
+ 0.56
1.5517
1.5551

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0317
− 0.26
1.0386
1.0420

Bearish

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

The Trend Trader For Futures Trading On Wednesday, November 30, 2011

Posted: 29 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, November 30, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1196.50
+ 0.46
1180.00
1170.00

Bullish

Dow Jones – Dec YMZ1
11562
+ 0.56
11405
11347

Bullish

Nasdaq – Dec NQZ1
2212.50
− 0.38
2195.31
2175.75

Bullish

Russell – Dec TFZ1
692.90
− 0.60
684.97
680.33

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
143-04
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Japan 225 (JP225)

Posted: 29 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
After failing to extend its recent rally to the upside, the Japan 225 (JP225) index CFD broke through the support line of a rising wedge chart pattern on the 30-minute chart. The move completed the pattern, signaling the start of a potential break into the Autochartist price forecast zone at 8341.62 to 8194.09.

The quality rating is a solid 7-bars. The initial trend was down prior to the formation of the chart pattern. The 9-bar rating indicates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Brent Crude Oil

Posted: 29 Nov 2011 02:32 AM PST

By ForexMansion.com

By Jonah S. Ford
Brent Crude Oil futures pushed through key level resistance to initiate what may become a major breakout from the recent trading range. Autochartist identified the move as a breakout above an Ascending Wedge chart pattern illustrated here on the longer term 240-minute time frame.

Brent Crude had been range-bound for the last several weeks, as the US Crude Oil futures gained ground to narrow Brent's premium to just over $10 per barrel. The momentum from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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