Wednesday, November 16, 2011

DailyMarkets.com - Forex Trading: USDCNH Ahead Of The Fix

DailyMarkets.com - Forex Trading: USDCNH Ahead Of The Fix

Forex Trading: USDCNH Ahead Of The Fix

Posted: 16 Nov 2011 04:36 PM PST

The USDCNH chart we have been examining for weeks now continues to hold ahead of the fix, however as we write the pair is pushing up on trendline resistance that has defended the dollars appreciation for months. A close above the trendline could prove bullish, but for now we will wait and see if it holds here early in Asia ahead of the fix and Hang Seng … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 16 Nov 2011 04:35 PM PST

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

USD/JPY was trading at 77.05, down 0.001% 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 up against the Euro and the British Pound, with EUR/USD shedding 0.13% to hit 1.3444 and GBP/USD falling 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 16 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3449, down 0.10% 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.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8560 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chrysler To Pour $1.7 Bln Into Jeep

Posted: 16 Nov 2011 03:58 PM PST

11/16/2011 Chrysler plans to invest in its Toledo, Ohio plant, paving the way for the next generation Jeep … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Thursday, Nov 17

Posted: 16 Nov 2011 03:32 PM PST

  ( click to enlarge )

Apple Inc. (NASDAQ:AAPL) – Good risk/reward set-up at these levels and holding the bottom of the rising channel nicely(so far). The Slow Stochastic shows a bullish cross, signaling that the next move may be in an upward direction.

 ( click to enlarge )

Colfax Corporation (NYSE:CFX) broke out to all-time highs during today’s session to $32.69 per share, however in the final hour stock retracted closing at $30.84. Overall inidicators are still in Bullishs areas. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Turmoil, US Data And Earnings To Be Eyed

Posted: 16 Nov 2011 03:20 PM PST

11/16/11 EU bond markets will continue to be monitored. US housing and employment data will be released on Thursday morning. Dollar Tree, Gap and Sears are amongst the companies reporting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down On Economic Data

Posted: 16 Nov 2011 03:15 PM PST

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on PPI Input.

NZD/USD was trading at 0.7642, down 0.20% at time of writing.

The pair was likely to find support at 0.7628, today's low, and resistance at 0.7922, Monday's high.

Earlier in the day, official data showed that New Zealand's producer price inflation input rose to a seasonally adjusted 0.6% in the last quarter from 0.9% in the preceding quarter.

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

Volcano Unveils ADVICE Study Result

Posted: 16 Nov 2011 02:50 PM PST

Recently, Volcano Corporation (NASDAQ:VOLC) jointly with Imperial College London declared the results of ADenosine Vasodilator Independent Stenosis Evaluation (ADVICE) study at the Transcatheter Therapeutics Conference in San Francisco. The study evaluated the ability of instant wave-Free Ratio (iFR), an investigational product similar to fractional flow reserve (FFR).
FFR is considered as the widely accepted tool to assess ischemia without the help of pharmacologic vasodilation, thus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manulife Expands In Asia

Posted: 16 Nov 2011 02:50 PM PST

Manulife Financial, the brand name under which Manulife Financial Corporation (NYSE:MFC) operates in Canada and Asia, received 'approval in principle' from Cambodia’s Ministry of Economy and Finance to build its operations there. The approval will help Manulife expand its footprint in Asia through a wholly foreign-owned life insurance operation in Cambodia.
Manuife will carry on its operation in Cambodia with its head office in Phnom Penh. Manulife is presently working with the Cambodia’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Penn Virginia Prices Units

Posted: 16 Nov 2011 02:40 PM PST

Penn Virginia Resource Partners, L.P. (NYSE:PVR) announced that it has fixed the price of an underwritten public offering of 7.0 million of its common units representing limited partner interests. The price per common unit is pegged at $24.55.
The partnership will allow the underwriters of the issue a window of 30 days to purchase up to 1.05 million additional common units to cover over-allotments, if necessary.
The proceeds from the issue are expected to be $164.6 million after deducting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mario Savio Memorial Lecture, November 15, 2011

Posted: 16 Nov 2011 02:38 PM PST

Mario Savio Memorial Lecture, November 15, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Losses For The Big Board, Again

Posted: 16 Nov 2011 09:30 AM PST

11/17/11 The Big Board posted another triple-digit drop this afternoon following a credit warning to US banks by Fitch Ratings and continued weakness in the eurozone, mainly from another surge in Italian bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citigroup Plans Layoff To Cut Costs

Posted: 16 Nov 2011 02:20 PM PST

Citigroup Inc. (NYSE:C) is mulling over retrenching 3,000 workers as part of its cost containment measures, the Wall Street Journal reported following communication with people familiar with the plans. Among total layoffs, Citi plans to slash 900 jobs from its securities and banking division.
The move came on the back of turmoil in equity and debt markets. The ongoing economic and market instability has compounded the quandary.
Moreover, other cost curtailment measures include shedding of assets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed NCO & Delinquency In October

Posted: 16 Nov 2011 02:20 PM PST

Some regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for October 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while four of them recorded lower delinquency rates.
Bank of America Corporation (NYSE:BAC), Citigroup Inc. (NYSE:C) and Discover Financial Services (NYSE:DFS) recorded a fall in their respective credit card defaults while JPMorgan Chase & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Airlines Rebound, Add New Flights

Posted: 16 Nov 2011 02:15 PM PST

After a prolonged battle with soaring jet fuel prices and capacity pullback to optimize the cost structure, airline companies are on a spree to expand network capacity. Companies like Delta (NYSE:DAL), JetBlue (NASDAQ:JBLU) and Southwest (NYSE:LUV) are the latest to join the bandwagon after United Continental  (UAL) announced last week that it will launch flights in new international routes in the first half of 2012. 
United Continental, through its subsidiaries United and Continental Airline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LabCorp Extends Orchid Tender Offer

Posted: 16 Nov 2011 02:15 PM PST

Laboratory Corporation of America Holdings (NYSE:LH) has once again extended the tender offer for Orchid Cellmark (NASDAQ:ORCH) until November 30, 2011. The company had earlier extended the tender offer to November 14.
In May 2011, the company received a request from the Federal Trade Commission (FTC) for some additional information related to the transaction. LabCorp is cooperating with the FTC on this issue. To date, about 86.8% of the outstanding shares of Orchid have been tendered.
LabCorp had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: HRL

Posted: 16 Nov 2011 02:15 PM PST

Hormel Foods Corp. (NYSE:HRL) will be reporting its fourth quarter and fiscal 2011 earnings on Tuesday, November 22, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is 42 cents, representing an annualized loss of 5.86%.  
With respect to earnings surprises over the trailing four quarters, HRL outperformedthe Zacks Consensus Estimate in three quarters and was in line in one.  Average earnings surprise was 14.42%, implying that the company outperformed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Google Vs. Apple: Online Music War Begins

Posted: 16 Nov 2011 09:10 AM PST

11/16/11 According to Wall Street journal reports, Google Incorporated is expected to unveil an online music download store including sngs from thre major music … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Costs Hits Abercrombie’s 3Q

Posted: 16 Nov 2011 02:05 PM PST

Battered by higher commodities costs, Abercrombie & Fitch Co.'s (NYSE:ANF) third-quarter 2011 earnings of 57 cents per share was substantially below the Zacks Consensus Estimate of 73 cents. However, quarterly earnings were higher than the prior-period earnings of 56 cents per share.
Result Summary
Abercrombie reported double-digit net sales growth of 21.0% in the reported quarter, climbing $1,075.9 million from $885.8 million in the prior-year period. Moreover, total revenue comprehensively … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmEx Expands With Target Prepaid

Posted: 16 Nov 2011 01:58 PM PST

Expanding its prepaid card portfolio, yesterday American Express Co. (NYSE:AXP) (AmEx) announced the launch of a prepaid card for over 1000 Target stores around the US. The card was initially launched as a pilot project across 100 stores in February this year.
The new Target prepaid card can be refilled without any maintenance fees. Rather these cards are attached with benefits and are very user-friendly, while also providing a secured transaction. Moreover, funds on the cards do not have any … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Time Warner Cable

Posted: 16 Nov 2011 01:58 PM PST

Time Warner Cable Inc. (NYSE:TWC) posted weak financial results for the third quarter of 2011, missing the Zacks Consensus Estimates. We remain highly concerned regarding the continuation of the company's video subscriber loss.
The U.S. pay-TV industry is at present facing significant challenges from several fronts. Economic volatility in the U.S., growing competitive threat from fiber-based TV services of telecom operators, and availability of cheaper substitutes, such as online video streaming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

N.Z. PPI Input Rises

Posted: 16 Nov 2011 01:55 PM PST

Forexpros – New Zealand's producer price inflation input rose in the last quarter, official data showed on Wednesday.

In a report, Statistics New Zealand said that N.Z. PPI input rose to a seasonally adjusted 0.6%, from 0.9% in the preceding quarter.

Analysts had expected N.Z. PPI input to rise 0.6% in the last … [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: 16 Nov 2011 01:55 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on TIC Net Long-Term Transactions.

EUR/USD was trading at 1.3460, down 0.59% at time of writing.

The pair was likely to find support at 1.3430, today's low, and resistance at 1.3807, Monday's high.

Earlier in the day, official data showed that U.S. TIC long term purchases rose more-than-expected to a seasonally adjusted 68.6B last month from 58.0B in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Running

Posted: 16 Nov 2011 01:43 PM PST

Notice a pattern here? 
“Freddie Mac Has Wider Loss, Seeks $6 Billion From Treasury” (Bloomberg)
Freddie Mac, one of two mortgage- finance companies under U.S. conservatorship, reported a $4.4 billion loss for the third quarter and said it will seek $6 billion from the U.S. Treasury Department.
The company, confronted with a weak housing market and losses on derivatives, will draw on its Treasury cash lifeline to eliminate a net-worth deficit of $6 billion for the three- month period … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Frontier To Sell AT&T Line

Posted: 16 Nov 2011 01:25 PM PST

The rural telecommunications service provider Frontier Communications Corp. (NYSE:FTR) will now sell AT&T Inc.'s (NYSE:T) wireless voice and data products to its customers. The recently inked deal however does not give Frontier the right to sell Apple Inc.'s (NASDAQ:AAPL) iPhone.
Reselling AT&T's product and services reflects Frontiers efforts to expand its business following the acquisition of rural fixed-line operations from Verizon Communications Inc. (NYSE:VZ) last year. Successful … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rockwell Auto Expands In Brazil

Posted: 16 Nov 2011 01:25 PM PST

Rockwell Automation Inc. (NYSE:ROK) is set to double its manufacturing capacity in Brazil with the construction of a new manufacturing plant in Jundiai city near Sao Paulo, Brazil.
The plant is slated to start production by the end of 2012 summer. New products like Allen-Bradley medium-voltage and low-voltage drives, which are used in oil and gas, and mining industries, will be produced.
Rockwell Automation's current manufacturing plant in Sao Paulo produces ControlLogix, industrial controls, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Salesforce.com

Posted: 16 Nov 2011 01:20 PM PST

Salesforce.com Inc. (NYSE:CRM) is scheduled to announce its third quarter fiscal 2012 results on November 17, 2011, and we see limited movement in analyst estimates to date.
Second Quarter Overview
Salesforce.com delivered decent second quarter 2012 results, beating the Zacks Consensus Estimate on the bottom line. The quarter's adjusted earnings came in at 6 cents per share, 3 cents ahead of our expectation.
Salesforce.com reported revenue of $546.0 million, which increased 38.5% from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Face To Face: “Santa Claus Rally…I Still Believe”

Posted: 16 Nov 2011 01:20 PM PST

11/16/11 ICAP’s Kenneth Polcari and Meridian Equity Partners’ Stephen Guilfoyle talk about Europe, the super committee deadline and prospects for a Santa Claus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 1.58%

Posted: 16 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 1.58%, the S&P 500 index shed 1.66%, while the Nasdaq 100 index declined 1.77%.

Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 0.52%; Germany's DAX shed 0.33%; Britain's FTSE 100 declined 0.15%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Newmont

Posted: 16 Nov 2011 01:05 PM PST

We maintain our Neutral recommendation on Newmont Mining Corp. (NYSE:NEM), the world’s largest producers of gold with several active mines in Nevada, Peru, Australia/New Zealand, Indonesia and Ghana.
Newmont Mining reported excellent third-quarter 2011 results with adjusted net income of $1.29 per share compared with last year's $1.08, ahead of the Zacks Consensus Estimate at $1.24. Total revenue was $2.7 billion, up 6% year over year.
Newmont reported attributable gold and copper production of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazon Sparks Fire In Tablet Market

Posted: 16 Nov 2011 12:55 PM PST

Amazon.com Inc. (NASDAQ:AMZN) became part of the cutthroat competition in the tablet market with the shipment of "Kindle Fire" on November 14. The company's first media tablet comes a day ahead of schedule.  
Light weight and priced cheaply at $199, Kindle Fire comes with a speedy dual-core processor, Wi-Fi connectivity and 8GB storage capacity. The device runs on Google Inc.'s (NASDAQ:GOOG) Android operating system and offers a plethora of services: Music, TV shows, magazines, app … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 16 Nov 2011 12:55 PM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change.

GBP/USD was trading at 1.5740, down 0.52% at time of writing.

The pair was likely to find support at 1.5736, today's low, and resistance at 1.6093, Friday's high.

Earlier in the day, official data showed that the U.K. claimant count change rose less-than-expected to a seasonally adjusted 5.3K last month from 13.4K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB To Acquire Aussie Renewable Co.

Posted: 16 Nov 2011 12:40 PM PST

ABB Ltd. (NYSE:ABB) has entered into an agreement to acquire an Australian renewable power automation company, Powercorp. Based in Darwin, Powercorp has about 30 employees.
Powercorp is engaged in providing automation and intelligent control solutions for managing renewable energy generation in isolated grids, guarantying utility grade power quality and grid stability. Through this solution, isolated diesel powered grids are provided with very high levels of wind and solar power, which lowers the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chase Ends Trial Fees

Posted: 16 Nov 2011 12:35 PM PST

JPMorgan Chase & Co. (NYSE:JPM) has decided to withdraw its other bank fees related to checking accounts in addition to debit card usage fee. The news should spread cheer among customers as these charges were not part of the company's regular fee structure.
Over the last 10 months, the company was imposing of these fees in various parts of the country to supposedly test their feasibility. The plan was to figure out alternatives to debit interchange fee that resulted in revenue loss.
This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 16 Nov 2011 12:30 PM PST

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

USD/CHF was trading at 0.9178, up 0.31% at time of writing.

The pair was likely to find support at 0.8954, Friday's low, and resistance at 0.9224, today's high.

Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.7% last month, from -0.1% in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FLM, FIW

Posted: 16 Nov 2011 12:25 PM PST

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

CE Mark For Quest’s Simplexa CMV

Posted: 16 Nov 2011 12:15 PM PST

Leading diagnostic player, Quest Diagnostics (NYSE:DGX) has received CE Mark approval for Simplexa Cytomegalovirus (CMV) molecular test kit that will run on the 3M Integrated Cycler. The test has been developed by Quest's Focus Diagnostics business. This test will enable detection of CMV, a potentially fatal virus infection in patients with compromised immunity or those undergoing organ transplantation.
Focus Diagnostics now has a wide portfolio of molecular transplant-testing menus for Europe. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 16 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on Industrial Production.

USD/CAD was trading at 1.0196, down 0.14% at time of writing.

The pair was likely to find support at 1.0086, Monday's low, and resistance at 1.0288, today's high.

Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.7% last month, from -0.1% in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gilead, JNJ HIV Deal Finalized

Posted: 16 Nov 2011 12:05 PM PST

Gilead Sciences (NASDAQ:GILD) announced yet another deal to develop a single-tablet HIV combination pill. Gilead finalized a license agreement with Tibotec Pharmaceuticals, a division ofJohnson & Johnson (NYSE:JNJ), to develop and commercialize a single-tablet regimen (STR) combining four drugs. The STR will combine Tibotec’s protease inhibitor Prezista (darunavir), Gilead's pipeline candidate cobicistat, Gilead's marketed HIV drug Emtriva, and its HIV candidate GS 7340.
Gilead will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Autoliv: Hopeful About Active Safety

Posted: 16 Nov 2011 11:50 AM PST

Autoliv Inc. (NYSE:ALV) announced that it aims to achieve sales of $500 million with a global market share of 30% in 2015 for its active safety products. The active safety system uses radars and vision systems to monitor the environment around the vehicle. It facilitates easy driving by intervening before a crash by adjusting engine output, steering and braking.
Autoliv's strong outlook is based on acquisitions of some long-range radar technologies made this year. The company intends to offer a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 16 Nov 2011 11:45 AM PST

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on TIC Net Long-Term Transactions.

EUR/USD was trading at 1.3521, down 0.14% at time of writing.

The pair was likely to find support at 1.3430, today's low, and resistance at 1.3807, Monday's high.

Earlier in the day, official data showed that U.S. TIC long term purchases rose more-than-expected to a seasonally adjusted 68.6B last month from 58.0B in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Architecture Indexes Improve In October

Posted: 16 Nov 2011 11:36 AM PST

“After a sharp dip in September, the Architecture Billings Index (ABI) climbed nearly three points in October (see chart above). As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the October ABI score was 49.4, following a score of 46.9 in September. This score reflects an overall decrease in demand for design … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BioMarin Upped To Neutral

Posted: 16 Nov 2011 11:35 AM PST

We recently upgraded  BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) to 'Neutral' from 'Underperform' owing to the impressive sales of the company's key products and diversified pipeline.
Even though BioMarin suffered a wider loss in the third quarter of 2011, which was because of higher operating expenses, the key products of the company, namely Naglazyme and Kuvan, continued to perform well. Total revenues climbed 16% to $113.4 million in the third quarter of 2011.
Expecting the trend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allscripts To Outperform

Posted: 16 Nov 2011 11:20 AM PST

We upgrade our rating on Allscripts (NASDAQ:MDRX) to Outperform. Its third quarter earnings per share of 21 cents a share beat the Zacks Consensus Estimate by a penny. Revenues (as reported) of $368.8 million were ahead of the Zacks Consensus Estimate of $364 million.
Allscripts continues to benefit from the financial incentive program for medical providers for complying with federal Electronic Health Record ("EHR") requirements. The size of the opportunity is large and penetration still low. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 16 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on CPI.

AUD/USD was trading at 1.0148, down 0.29% at time of writing.

The pair was likely to find support at 1.0061, today's low, and resistance at 1.0342, Monday's high.

Earlier in the day, official data showed that consumer price inflation in the U.S. fell to a seasonally adjusted -0.1% last month, from 0.3% in the preceding month.

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

Shell’s Basra Project Wins Approval

Posted: 16 Nov 2011 11:05 AM PST

The government of Iraq has given its nod to the natural gas exploration deal signed between Royal Dutch Shell (RDS.A) and Japan's Mitsubishi Corporation. The project, which requires investment of around $17.2 billion, was initially signed in 2008.
The joint venture –– Basra Gas Company –– will aim to upgrade and modernize infrastructural facilities of the oil fields at a cost of some $12.8 billion, thereby increasing output. This 25-year deal will work closely to capture more than 700 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Krispy Kreme Spreads In Philippines

Posted: 16 Nov 2011 10:55 AM PST

Krispy Kreme Doughnut Inc. (NYSE:KKD) will widen its presence in the Philippines. The company has recently inked a development deal with Real American Doughnut Company Inc., its franchisee, in that country. Per the deal, Real American Doughnut Company will set up 23 more locations in the country over the next five years.
Real American Doughnut Company is a subsidiary of Max’s Group of Companies, a leading corporation specializing in restaurant operations in the Philippines, Canada, Australia, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “US Is Safer Than Competitors”

Posted: 16 Nov 2011 10:50 AM PST

11/16/11 Meridian Equity Partners’ Stephen Guilfoyle breaks down the latest US economic data releases and weighs in on the upcoming super committee … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 16 Nov 2011 10:45 AM PST

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

USD/JPY was trading at 77.03, up 0.001% at time of writing.

The pair was likely to find support at 76.82, Monday's low, and resistance at 77.67, Friday's high.

Earlier in the day, official data showed that consumer price inflation in the U.S. fell to a seasonally adjusted -0.1% last month, from 0.3% in the preceding month.

Analysts had expected CPI to remain unchanged at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sweet Crude! Oil Above $102

Posted: 16 Nov 2011 05:30 AM PST

11/16/11 Front month crude prices rallied this afternoon to trade above $102 after the announcement of a reversal of flow in a pipeline currently moving oil to Oklahoma from the Gulf … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Mixed At Close; Dax Down 0.33%

Posted: 16 Nov 2011 10:05 AM PST

Forexpros – European stocks were mixed after the closing bell on Wednesday.

At the close of European trade, Germany's DAX fell 0.33%, London's FTSE 100 shed 0.15%, France's CAC 40 climbed 0.52% and the EURO STOXX 50 was up 0.62%.

Earlier in the day, official data showed that consumer price inflation in the U.S. fell to a seasonally adjusted -0.1% last month, from 0.3% in the preceding month.

Analysts had expected CPI to remain unchanged at 0.0% last month.

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

EUR/USD At 5-week Low

Posted: 16 Nov 2011 05:00 AM PST

11/16/11 The euro plunge continued this afternoon, trading at a 5-week low against the dollar as a rise in Italian bond yields and fears of a spreading EU debt crisis kept investors seeking safer-haven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, November 17, 2011

Posted: 16 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, November 17, 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
109.70
− 0.04
109.80
109.93

Bearish

BND – Vanguard Total Bond Market ETF
83.71
+ 0.19
83.61
83.72

Neutral

DBC – DB Commodity Index Tracking Fd
27.98
− 0.25
27.98
28.15

Neutral

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 Thursday, November 17, 2011

Posted: 16 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, November 17, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0083
− 0.92
1.0172
1.0248

Bearish

EURUSD – Euro / US Dollar
1.3463
− 0.54
1.3572
1.3696

Bearish

GBPUSD – British Pound / US Dollar
1.5733
− 0.56
1.5857
1.6025

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0240
+ 0.31
1.0196
1.0150

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 17, 2011

Posted: 16 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, November 17, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.97
− 3.76
10.28
10.58

Bearish

AXP – American Express Company
48.12
− 3.66
49.29
50.23

Bearish

BA – Boeing Co
66.34
− 2.36
67.57
66.17

Neutral

BAC – Bank of America Corporation
5.90
− 3.75
6.06
6.27

Bearish

CAT – Caterpillar Inc
95.75
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, November 17, 2011

Posted: 16 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, November 17, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1231.00
− 1.83
1247.94
1253.17

Bearish

Dow Jones – Dec YMZ1
11845
− 1.60
12008
11982

Bearish

Nasdaq – Dec NQZ1
2313.75
− 1.95
2342.94
2345.42

Bearish

Russell – Dec TFZ1
727.40
− 1.61
734.49
737.60

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
142-04
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 16 Nov 2011 04:05 AM PST

By ForexMansion.com
by, James A. Hyerczyk
After days of compressed ranges, wild swings and low volume, the FTSE finally broke out to the downside with a vengeance as sellers pounded the market into the close. Since last week's rapid rise to 5616.00, volume has been steadily dropping off, but the market has remained in a tight and narrow range. On Wednesday, short-traders finally reappeared and took control of the market.

With two tops clearly defined at 5747.30 and 5616.00, traders are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: France 40 (F40)

Posted: 16 Nov 2011 04:05 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The France 40 (F40) Index CFD broke through with a vengeance the rising support line of a triangle chart pattern on the 30-minute chart. The size of the last candlestick is a strong indication of heavy momentum and selling pressure. Traders playing the short-side want to see this momentum continue to drive this market into the Autochartist forecast zone at 3020.10 to 2982.44.

The overall quality of the chart pattern is rated an above average 6-bars. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aily Commodities Update: Wheat

Posted: 16 Nov 2011 01:03 AM PST

By ForexMansion.com
By Jonah S. Ford
Wheat futures set up for a short entry after a textbook failed approach to a long term resistance level. The Key Level identified by Autochartist and illustrated here on the hourly candlestick chart held the market and broke the momentum of the rally.

As the price fell to the top of the forecast range from an earlier breakout pattern, the technical retracement carried the nearby wheat futures back to the Key Level at $6.31 per bushel. This was met … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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