Wednesday, November 23, 2011

DailyMarkets.com - Forex Trading: Usd/cnh Still Slowly Grinding Higher After Breaking Out Of Downward Channel.

DailyMarkets.com - Forex Trading: Usd/cnh Still Slowly Grinding Higher After Breaking Out Of Downward Channel.

Forex Trading: Usd/cnh Still Slowly Grinding Higher After Breaking Out Of Downward Channel.

Posted: 23 Nov 2011 05:37 PM PST

usd/cnh still slowly grinding higher after breaking out of downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Broke About Upward Channel.

Posted: 23 Nov 2011 05:37 PM PST

usd/sgd broke about upward channel and now top of the channel is providing support for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 23 Nov 2011 05:05 PM PST

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

EUR/USD was trading at 1.3364, up 0.16% at time of writing.

The pair was likely to find support at 1.3320, Wednesday's low, and resistance at 1.3568, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8599 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 23 Nov 2011 04:35 PM PST

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

USD/JPY was trading at 77.21, down 0.13% at time of writing.

The pair was likely to find support at 76.77, Monday's low, and resistance at 77.58, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.13% to hit 1.3359 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 23 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3354, up 0.09% at time of writing.

The pair was likely to find support at 1.3320, Wednesday's low, and resistance at 1.3568, Tuesday'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 0.8598 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bionic Lenses On The Horizon

Posted: 23 Nov 2011 03:58 PM PST

11/23/11 Computerized contact lenses may present another way to check e-mail and text messages without touching a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 23 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7398, down 0.04% at time of writing.

The pair was likely to find support at 0.7386, today's low, and resistance at 0.7650, Friday's high.

Earlier in the day, data showed that New Zealand's trade balance fell less-than-expected to a seasonally adjusted -282M last month from -751M in the preceding month.

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

Thursday Marks Turkey Day

Posted: 23 Nov 2011 03:20 PM PST

11/23/11 US markets will be closed on Thanksgiving Day. Overseas, Q3 GDP figures from the Euro-zone UK are scheduled for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni Eyes Angola Potential

Posted: 23 Nov 2011 03:15 PM PST

Italian oil and gas group Eni SpA (NYSE:E) is scouting for new prospects in Angola following successful offshore operations in the West African nation. Eni's eagerness to explore the country is evident from its recent meeting with the President of the Republic of Angola.
The key takeaway of this meeting was the focus on the recent exploration success in Angola, including the discoveries made in offshore block 15/06. This block supposedly contains resources with high mineral potential. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Milton Friedman Addresses OWS Protestors

Posted: 23 Nov 2011 03:10 PM PST

Milton Friedman’s tireless defense of the free market is a timeless message that would be just as relevant today if Milton Friedman were alive to address the concerns of the OWS protestors about wealth, inequality, and the poor as when Friedman delivered these lectures over 30 years … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rio Tinto Receives Hathor

Posted: 23 Nov 2011 03:05 PM PST

Mining giant, Rio Tinto plc (NYSE:RIO) received clearance from Canadian Competition Bureau for its offer, to acquire all of the common shares of uranium company, Hathor Exploration Limited (“Hathor”) for C$4.70 in cash per common share.
The offer, made through an indirect wholly-owned Canadian subsidiary, received a “no action letter” from the Commissioner of Competition for the Hathor offer from Rio Tinto. The approval implies Rio's compliance with each and every requirements of the Competition … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSC Replaces Existing BAE Contract

Posted: 23 Nov 2011 02:55 PM PST

Global technology leader Computer Sciences Corp. (NYSE:CSC) recently announced that it has inked a new five-year deal with global defense and security company, BAE Systems worth approximately $160.0 million a year. The new deal replaces the company's existing agreement, which is scheduled to expire in April 2012.
As per the terms of the new contract, the tech major is expected to deliver IT services, including service desk, collaborative services, end user compute, mainframe, physical/virtual … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Turmoil Deepens

Posted: 23 Nov 2011 02:50 PM PST

The markets continued to trade weakly. Hang Seng closed down over 2%, KOSPI closed down 2.4%, the Australian market closed down around 2% and Shanghai closed down 0.7%. Feeding on the downtrend in the US economy, markets in the Far East and Australia are trending down. And why wouldn't they be?
As Europe wobbles, the US grows (September quarter growth of 2% as opposed to the estimated 2.5%) ever so slowly. US unemployment level continues at 9% for over two years now. Egypt appears to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GE Capital Seeing Some Wins

Posted: 23 Nov 2011 02:41 PM PST

Recently, GE Capital, one of the largest segments of General Electric Company (GE), has seen some success in the United Kingdom and Australia. Over the last couple of days, GE capital has provided loans worth £220 million ($346 million).
Yesterday, GE Capital provided a loan worth £150 million to Accolade Wines, the largest wine company in terms of volume in Australia and the U.K. The financing is expected to increase Accolade's working capital and fund its capital spending, as the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke & Partners Complete PV Systems

Posted: 23 Nov 2011 02:41 PM PST

A joint venture comprising Duke Energy Renewables, a subsidiary of Duke Energy Corporation (NYSE:DUK), and Smart Energy Capital has completed the construction of five rooftop photovoltaic ("PV") systems for the Bald Eagle Area School District and Bellefonte Area School District.
The PV rooftop solar arrays are installed at Bald Eagle Middle and High School, Wingate Elementary School, Bellefonte Area High School, Marion Walker Elementary School and Pleasant Gap Elementary School. Collectively, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: XPOUND On Holiday Friday, November 25th

Posted: 23 Nov 2011 02:38 PM PST

Cusick’s Corner
It appears that the only safe trade to the upside has been the Dollar, UUP, and the Bonds, TLT, which are at levels that we have not seen in almost 3 years. The action so far this week and this month (hold on to your drumstick) signals some pretty bearish potential price action for the foreseeable future due to the velocity coming off the Oct highs (which was a countertrend rally that mirrored the action in July). While the markets are closed here in the US tomorrow, the global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3M Reiterates To Neutral

Posted: 23 Nov 2011 02:35 PM PST

We recently maintained a Neutral recommendation on3M Company (NYSE:MMM).
Based in St. Paul, Minnesota, 3M is a diversified technology company with manufacturing operations spread over 60 countries worldwide. It has more than 35 business units organized into six segments: Consumer and Office, Display and Graphics, Electro and Communications, Healthcare, Industrial and Transportation, Safety, Security and Protection Services Business. The company's Industrial and Transportation segment generates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil Sheds Norwegian Sea Assets

Posted: 23 Nov 2011 02:15 PM PST

Global integrated energy giant  Statoil ASA (NYSE:STO) signed an agreement with UK-based energy firm Centrica to sell its stakes in eight assets on the Norwegian Continental Shelf for approximately $1.6 billion.
Statoil intends to partially cut down its interest in the gas production or development hubs – Kvitebjorn, Valemon and Heimdal. The company will fully exit from the Skrine-Byggve, Fulla, Frigg-Gamma-Delta, Vale and Rind fields.
The deal also calls for an extended gas sales agreement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kraft Goes Bullish On India

Posted: 23 Nov 2011 02:10 PM PST

Following the buyout of Cadbury Plc, the largest packaged food maker Kraft Foods Inc. (NYSE:KFT) seeks keen interest in the growing markets of India, which has significant opportunities in a number of key categories, which has yet to be exploited.
Kraft, which bagged the Cadbury in January 2010 for $18.5 billion, has increased its sales growth in India by about 40% year to date. The company also believes that India has an emerging economy, and is expected to grow approximately 7.6% by this fiscal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McCormick Ups Dividend By 11%

Posted: 23 Nov 2011 02:10 PM PST

In order to return value to its shareholders, McCormick & Company (NYSE:MKC) has raised its dividend by 3 cents to 31 cents a share.
The new dividend is payable on January 13, 2012, to shareholders of record at the close of business on December 30, 2011. McCormick, a global leader in flavor, has successively increased its dividend 26 times.
In the recently concluded third-quarter, McCormick generated $85.7 million of cash from operations. It was, however, lower from the prior levels on account … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMD: First Quarter

Posted: 23 Nov 2011 02:10 PM PST

FMD: First Quarter – Making Progress
Ann Heffron, CFA

On November 3, 2011, the The First Marblehead Corporation (FMD or the Company) reported its fiscal 2012 first quarter results for the period ending September 30, 2011. For the quarter, FMD recorded a net loss from education financing of $18.1 million, or a diluted loss per share of $0.18, including a $1.1 million gain on proceeds from the TERI settlement. Excluding the TERI gain, the diluted operating per share loss was $0.19. The total net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Falls For 6th Day On German Bond Flop

Posted: 23 Nov 2011 09:00 AM PST

11/23/11 NYFP’s Closing Bell Report: US stocks posted a sixth straight session of losses ahead of the Thanksgiving holiday after a serieds of weak economic reports and an unsuccessful German bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newmont’s Indonesia Strike Ends

Posted: 23 Nov 2011 01:58 PM PST

Workers at Newmont Mining Corp.'s (NYSE:NEM) Indonesian unit ended their strike at the Batu Hijau copper and gold mine. The 400 workers reached an agreement with unions on a dispute over shifts.
As per the company, workers have settled their differences regarding the calculation of overtime compensation. With the win-win solution, operation of the Batu Hijau mine in Sumbawa Island has returned to normal.
However, the country’s longest-running mining dispute still continues at Freeport-McMoRan … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Zealand’s Trade Balance Falls Less-than-expected

Posted: 23 Nov 2011 01:55 PM PST

Forexpros – New Zealand's trade balance fell less-than-expected last month, data showed on Wednesday.

In a report, Statistics New Zealand said that the trade balance fell to a seasonally adjusted -282M, from -751M in the preceding month.

Analysts had expected the trade balance to fall -450M 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: 23 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 Initial Jobless Claims.

EUR/USD was trading at 1.3345, down 1.18% at time of writing.

The pair was likely to find support at 1.3320, today's low, and resistance at 1.3614, Friday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Express Scripts Stands At Neutral

Posted: 23 Nov 2011 01:40 PM PST

We continue to have a Neutral recommendation on Express Scripts Inc. (NASDAQ:ESRX) with a target price of $46.00. The company functions under two segments: Pharmacy Benefit Management (PBM) and Emerging Markets (EM).
With the intention of growing its PBM business, Express Scripts completed two acquisitions over the past few years. In July 2008, the company acquired the Pharmacy Services Division of Medical Services Company. Medical Services Company was a leader in providing PBM services to clients … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: AMAT

Posted: 23 Nov 2011 01:35 PM PST

Following the fourth quarter earnings announcement on November 16, more than half the analysts covering Applied Materials (NASDAQ:AMAT) have made downward revisions to their estimates. The reason for the negative revisions may be traced to the weak results and outlook, particularly for the Display and Energy and Environmental Systems (EES) segments that is expected to continue well into 2012.
Last Quarter Synopsis
Applied'spro forma earnings were in line with the Zacks Consensus Estimate as lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IMF Bailout: A Thanksgiving Gift?

Posted: 23 Nov 2011 01:35 PM PST

When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here's some good news from the International Monetary Fund (IMF). The IMF has introduced a bailout fund called Precautionary and Liquidity Lines (PLL), to help the troubled Eurozone countries. For investors, this heartening announcement made on Tuesday seems like the best gift this Thanksgiving season.
This brings some respite to the nervous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arch Coal To Underperform

Posted: 23 Nov 2011 01:25 PM PST

We have moved to an Underperform recommendation on Arch Coal Inc. (NYSE:ACI) due to the recent difficulties faced at the company's PRB operations as well as longwall outage at Mountain Laurel (Appalachia). Arch Coal's third quarter missed on account of the Midwestern flooding and the geological challenges in Appalachia, offset in part by improved metallurgical coal shipments and robust met coal pricing.
Earlier this month, Arch Coal said it was scaling back production at the Dugout Canyon mine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shale Gas: Cleaner, Cheaper

Posted: 23 Nov 2011 01:20 PM PST

The Obama administration has set its eyes on developing domestic shale gas (natural gas trapped within dense rock formations) from sources such as the vast Marcellus Shale, which stretches from New York to Virginia. Besides being significantly cheaper than crude oil, reliance on shale gas will reduce greenhouse gas emissions.
Climate change issues are dominating international forums. The U.S. has committed to reduce carbon emissions by 7% in 2012.
Shale gas makes sound economic sense and would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Giving Thanks To Our Armed Forces

Posted: 23 Nov 2011 01:16 PM PST

As people travel short and long distances to be with family and friends for this Thanksgiving holiday, I hope that you arrive safe and sound and enjoy the blessings and happiness that come from being with the ones you love.
Although our economy, our nation, and the world at large continue to deal with a host of issues, I can only hope that these times will help us elevate the importance of our families and our values to their rightful place.
Additionally, let us thank those who cannot be home … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.06%

Posted: 23 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 2.06%, the S&P 500 index shed 2.21%, while the Nasdaq 100 index declined 2.25%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was revised up from 388K.

Analysts had expected Initial Jobless Claims to rise to 390K … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Convenient, Consumer-Driven Health Care On The Rise: Retail Clinic Use Jumps 10X In Two Years

Posted: 23 Nov 2011 01:14 PM PST

Fierce Healthcare — “With retail clinics increasing ten-fold, more health systems and hospitals are capitalizing on the trend and getting in on the retail movement. Between 2007 and 2009, retail medical clinics at pharmacies and other retail settings have risen from a monthly tally of 0.6 visits per 1,000 enrollees in January 2007, to 6.5 visits per 1,000 enrollees in December 2009, according to a new study by RAND Corporation, published in the American Journal of Managed Care (study abstract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JPMorgan To Raise Stake In LME

Posted: 23 Nov 2011 01:05 PM PST

On Tuesday, Financial Times reported that JPMorgan Chase & Co. (NYSE:JPM) is increasing its stake in the London Metal Exchange (LME). According to the report, the company is buying additional 4.7% stake (600,000 'A shares') in the LME from currently bankrupt MF Global Holdings Ltd. (MFGLQ) for £25 million ($39.1 million).
JPMorgan will buy the stake in an auction process handled by MF Global's administrator, KPMG. Before closing, the deal requires the LME board's approval. Following … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KKR & Co. Buys Oil Company Samson

Posted: 23 Nov 2011 08:00 AM PST

11/23/11 Private equity firm KKR & Co. and three partners announced Wednesday that they have agreed to purchase privately held oil and gas company Samson Investment Co. for $7.2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nokia Remains Neutral

Posted: 23 Nov 2011 12:55 PM PST

Nokia Corp. (NYSE:NOK) has delivered relatively better results during this quarter mainly driven by the increased sales of dual-sim handsets in the emerging markets. Both the top and bottom line surpassed the Zacks Consensus Estimates. Moreover, Nokia expected to regain its lost market share with the launch of its much-hyped Window-based smartphones. Windows Phone operating system is developed by Microsoft Corp. (NASDAQ:MSFT).
However, delay in the launch of these phones in U.S. markets may affect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 23 Nov 2011 12:55 PM PST

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

GBP/USD was trading at 1.5530, down 0.66% at time of writing.

The pair was likely to find support at 1.5496, today's low, and resistance at 1.5888, Friday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BMC Mainframe Solution For Cetelem

Posted: 23 Nov 2011 12:50 PM PST

BMC Software Inc.'s (NYSE:BMC) Control-M Workload Automation suite has recently tasted success at the German financial services company Dresdner-Cetelem Kreditbank GmbH. The German firm is now offering optimal services at rational costs, thanks to its deployment of the BMC solution.
Based in Munich, Cetelem is a joint venture between BNP Paribas Personal Finance S.A. and Commerzbank AG. The bank has been conferred a top ranking on the basis of asset size by Bloomberg and Forbes.
With sizeable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Masco Upped To Neutral

Posted: 23 Nov 2011 12:35 PM PST

We upgrade our recommendation on Masco Corporation (NYSE:MAS) to Neutral from Underperform. Headquartered in Taylor, Michigan, Masco manufactures, sells and installs home improvement and building products. Approximately 75%-80% of the company's sales are generated from operations in North America, primarily in the U.S. International operations are located principally in Belgium, China, Denmark, Germany, the Netherlands and the U.K.
The company released its third quarter earnings on October 24, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 23 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 Initial Jobless Claims.

USD/CHF was trading at 0.9199, up 0.62% at time of writing.

The pair was likely to find support at 0.9086, Friday's low, and resistance at 0.9224, Friday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Celgene’s Revlimid Cleared In Sweden

Posted: 23 Nov 2011 12:15 PM PST

Recently, Celgene Corporation (NASDAQ:CELG) announced that its lead drug Revlimid has been approved by the Swiss agency for Therapeutic Products (Swissmedic). The surveillance authority for medicines and medical devices in Sweden cleared Revlimid for treating transfusion-dependent anemia due to low- or intermediate-1-risk myelodysplastic syndrome (MDS) associated with a deletion 5q cytogenetic abnormality (with or without additional cytogenetic irregularities). The disorder refers to a rare form of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMD: First Quarter ??? Making Progress

Posted: 23 Nov 2011 12:10 PM PST

FMD: First Quarter – Making Progress
Ann Heffron, CFA

On November 3, 2011, the The First Marblehead Corporation (FMD or the Company) reported its fiscal 2012 first quarter results for the period ending September 30, 2011. For the quarter, FMD recorded a net loss from education financing of $18.1 million, or a diluted loss per share of $0.18, including a $1.1 million gain on proceeds from the TERI settlement. Excluding the TERI gain, the diluted operating per share loss was $0.19. The total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 23 Nov 2011 12:10 PM PST

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

USD/CAD was trading at 1.0478, up 0.92% at time of writing.

The pair was likely to find support at 1.0200, Friday's low, and resistance at 1.0497, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Upgrades Sensors For Navy

Posted: 23 Nov 2011 12:05 PM PST

Defense major Lockheed Martin Corporation (NYSE:LMT) received a contract from the U.S. Navy for continuing the development work of Infrared Search and Track ("IRST") sensor system for the U.S. Navy F/A-18E/F.
In a combat, the ability to strike first accurately holds the key to success. Lockheed's IRST sensor system has given that edge to the defense department. The system developed by Lockheed significantly improves raid cell count and is 40 times more accurate than the conventional radar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GASL, PLTM

Posted: 23 Nov 2011 12:05 PM PST

Weekly update on the Direxion Daily Natural Gas Related Bull 2x ETF and the First Trust ISE Global Platinum Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 23 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 Initial Jobless Claims.

EUR/USD was trading at 1.3331, down 1.29% at time of writing.

The pair was likely to find support at 1.3320, today's low, and resistance at 1.3614, Friday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 23 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 Initial Jobless Claims.

AUD/USD was trading at 0.9691, down 1.47% at time of writing.

The pair was likely to find support at 0.9664, today's low, and resistance at 1.0107, Friday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zulu Investing: Would Jim Slater Buy These 5 Growth Stocks?

Posted: 23 Nov 2011 07:13 AM PST

"Investment is the art of the specific and selection is far more important than timing."

Of the stalwarts of stock market investing, Jim Slater's enduring appeal to UK private investors perhaps owes the most to his obvious affection for good companies. For the former City corporate raider, broadsheet columnist and children's author, growth companies require careful and considered selection. After all, while buying into a growth story at the right moment and at the right price is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, November 25, 2011

Posted: 23 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, November 25, 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
109.78
+ 0.09
109.67
109.69

Bullish

BND – Vanguard Total Bond Market ETF
83.78
+ 0.11
83.67
83.58

Bullish

DBC – DB Commodity Index Tracking Fd
26.86
− 1.50
27.04
27.54

Bearish

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

The Trend Trader For Futures Trading On Friday, November 25, 2011

Posted: 23 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, November 25, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1160.00
− 1.92
1180.11
1227.58

Bearish

Dow Jones – Dec YMZ1
11234
− 1.85
11423
11846

Bearish

Nasdaq – Dec NQZ1
2161.00
− 2.40
2197.81
2291.00

Bearish

Russell – Dec TFZ1
671.90
− 3.14
691.64
726.37

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
145-11
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, November 25, 2011

Posted: 23 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, November 25, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.88
− 4.10
9.24
9.97

Bearish

AXP – American Express Company
45.10
− 1.96
45.73
47.87

Bearish

BA – Boeing Co
62.36
− 3.09
64.24
67.28

Bearish

BAC – Bank of America Corporation
5.14
− 4.28
5.39
5.92

Bearish

CAT – Caterpillar Inc
87.76
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Netherlands 25 (N25)

Posted: 23 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Netherlands 25 (N25) formed Point D of an ABCD Fibonacci Pattern, completing the pattern and setting up the possibility of a retracement into a series of Fibonacci price levels, ranging from 273.95 to 282.85. Since the swing moves from Point A to Point B and from Point C to Point D show lower tops and lower bottoms, the main trend is down, suggesting that the impending retracement will be a counter-trend move.

The ABCD Fibonacci Pattern is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, November 25, 2011

Posted: 23 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, November 25, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9687
− 1.53
0.9824
1.0103

Bearish

EURUSD – Euro / US Dollar
1.3341
− 1.22
1.3466
1.3583

Bearish

GBPUSD – British Pound / US Dollar
1.5522
− 0.70
1.5625
1.5860

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0477
+ 0.92
1.0394
1.0217

Bullish

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

Daily Commodities Update: Coffee

Posted: 23 Nov 2011 02:02 AM PST

By ForexMansion.com
By Jonah S. Ford
Coffee futures have held in a volatile sideways trading range through much of November, appearing somewhat non-directional in the short term while conforming well to the long term chart analysis. Scaling back to the 240-minute time interval, Autochartist has identified a broad Descending Triangle chart pattern.

The recent congestion area near the $2.40 per pound level formed a rounding top at the trend line resistance created by the top of the triangle. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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