DailyMarkets.com - Forex Trading: Usd/hkd Pull Back After Failing To Go Through The 23.6% Retracement Level.

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• Forex Trading: Usd/hkd Pull Back After Failing To Go Through The 23.6% Retracement Level.
• Forex Trading: Usd/sgd Starting To Trade In A Downward Channel
• Forex Trading: Usd/cnh Still Continue To Trade Lower In This Downward Channel.
• Forex Trading: USDHKD On An Hourly
• Forex Trading: USDSGD On An Houry
• Washington Pre-Occupied
• Forex – USD/JPY Down During Asian Trade
• Forex – EUR/USD Down During The Asian Session
• Amazon Opens Kindle Lending Library
• North Dakota Oil Boom Sparks A Huge Rail Boom
• Forex – NZD/USD Down In Asian Trade
• Hot Option Plays: Market Chutes & Ladders
• Commtouch Rolls Along
• US Jobs Report, G20 Focus Continues
• AT&T Soon To Debut Smartphones
• Europe Leads The Way For Another Dow Rally
• Activision Unveils Two New Games
• Earnings Scorecard: Bristol-Myers
• Earnings Scorecard: Equity Residential
• Still Sliding
• CIT Resumes CRE Lending Business
• Hedge Fund Acquires CP Rail Stake (revised)
• WFC Acquires $3.3B Loan Portfolio
• Foster Wheeler Underperforms
• Commtouch Rolls Along
• AXIS Capital Reports Mixed Quarter
• Lincoln Profits Up, Top Line Weakens
• BorgWarner’s Profit Skyrockets
• Rent-A-Center Expands In Texas
• Greatbatch Raised To Outperform
• Forex – EUR/USD Up At The End Of U.S. Session
• PG&E Beats EPS, Revenue In Line
• Harmony Returns To Profit
• Scientific Games Beats Estimates
• LAMR Posts Profit, Lags Estimate
• Varian Issues Sustainability Report
• FDA Approval For Edwards’ Sapien
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Murphy Oil Beats
• NCR POS Solutions In Demand
• Forex – EUR/USD Up Toward The End Of U.S. Session
• Time For An Independent Audit Of Freddie Mac
• Onyx’s Loss Widens, Misses Revenues
• Beam’s Profit Surges, But Misses Est
• Penske Reports Ahead Of Estimate
• Duke Energy Beats EPS, Misses Revs
• U.S. Markets Close Higher; Dow Jones Up 1.76%
• Rail Traffic In October Continues To Improve
• Estee Lauder Posts Robust Quarter
• Spectra Lags Estimates
• ERJ Revs Up, Misses Estimate
• Charles River Misses Overall
• Macro Issues Hurt Prudential
• Progress Energy Misses
• Forex – GBP/USD Up During The U.S. Session
• Wake Up, This Stock Is Under-Valued!
• Sempra Beats, Reaffirms Guidance
• Eastman Kodak Underperforms, Guides Low
• Gentiva Lags, Lowers Outlook
• Mixed Bag 3Q From NRG Energy
• Health Care REIT Beats By A Sliver
• Teradata Tops, Raises Outlook
• An Impressive 3Q By Denbury
• Molson Coors Misses
• PPL Corp. Beats, Revises Outlook
• DST Systems Lags Estimates
• Forex – USD/CHF Down In U.S. Trading Hours
• Merge Misses By A Penny, Margins Up
• Avis Budget Beats Estimates
• Forex – USD/CAD Down In U.S. Trade
• Stone Energy Outperforms In 3Q
• Forex – EUR/USD Up In U.S. Trading Hours
• NYSE Hosts Floor Broker Charity Trading Day
• European Markets Close Higher; Dax Up 2.81%
• The Trend Trader For Stock Trading On Friday, November 4, 2011
• The Trend Trader For ETF Trading On Friday, November 4, 2011
• The Trend Trader For Forex Trading On Friday, November 4, 2011
• The Trend Trader For Futures Trading On Friday, November 4, 2011
• Daily Commodities Update: Silver
• Daily Commodities Update: Sugar

Forex Trading: Usd/hkd Pull Back After Failing To Go Through The 23.6% Retracement Level. Posted: 03 Nov 2011 05:32 PM PDT usd/hkd pull back after failing to go through the 23.6% retracement level giving us a bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Starting To Trade In A Downward Channel Posted: 03 Nov 2011 05:32 PM PDT usd/sgd in this daily chart is starting to form a downward channel signaling that there is some downward pressure on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Still Continue To Trade Lower In This Downward Channel. Posted: 03 Nov 2011 05:32 PM PDT usd/cnh still continue to trade lower in this downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD On An Hourly Posted: 03 Nov 2011 05:32 PM PDT The USDHKD chart we reviewed yesterday we see the pair broke above the trendline resistance momentarily, however did not break above the 200hr moving average. Below we can see the pair has just caught a bid early in Asia of the 23.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD On An Houry Posted: 03 Nov 2011 05:32 PM PDT The USDSGD pair has traded down to the 50% retracement of this weeks move and has stalled its depreciation. In addition we see the 100hr breaking above the 200hr, so perhaps the support here at the 50% level could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Washington Pre-Occupied Posted: 03 Nov 2011 04:47 PM PDT The biggest question in America these days is how to revive the economy. The biggest question among activists now occupying Wall Street and dozens of other cities is how to strike back against the nation's almost unprecedented concentration of income, wealth, and political power in the top 1 percent. The two questions are related. With so much income and wealth concentrated at the top, the vast middle class no longer has the purchasing power to buy what the economy is capable of producing. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 03 Nov 2011 04:35 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday. USD/JPY was trading at 78.06, down 0.001% at time of writing. The pair was likely to find support at 75.58, Monday's low, and resistance at 79.53, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.05% to hit 1.3830 and GBP/USD falling 0.02% 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: 03 Nov 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3817, down 0.04% at time of writing. The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4169, Monday'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 0.8624 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazon Opens Kindle Lending Library Posted: 03 Nov 2011 03:58 PM PDT 11/03/11 Amazon.com is offering a lending library for Kindle owners. Prime subscription members can borrow one electronic book for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

North Dakota Oil Boom Sparks A Huge Rail Boom Posted: 03 Nov 2011 03:48 PM PDT Video above is from the Wall Street Journal.   Related: Today the Association of American Railroads reported a 20.5% increase in shipments of petroleum products by rail for the week ending October 29 compared to the same week last year.  More evidence that drill, drill, drill = jobs, jobs, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 03 Nov 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7941, down 0.16% at time of writing. The pair was likely to find support at 0.7806, today's low, and resistance at 0.8228, Monday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.06% to hit 1.3089 and EUR/NZD rising 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Chutes & Ladders Posted: 03 Nov 2011 03:31 PM PDT Cusick’s Corner This market has some real strength/demand, I watched the S&Ps run up from the overnight lows of 1213, to the highs of 1258 on the close. That’s a 45 point run in a day! The demand is out there and we have talked about this before, the sideline money’s in play. This is a rising tide that today was not to be stopped. Watch the employment numbers tomorrow. See you Midday. Stocks moved broadly higher, as the manic-depressive market action continued Thursday. Economic news helped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commtouch Rolls Along Posted: 03 Nov 2011 03:25 PM PDT Commtouch Rolls Along Ken Nagy, CFA On November 2, 2011, Commtouch Software Ltd. (CTCH), a cloud-based Internet security provider, reported financial results for its third quarter and nine months ended September 30, 2011. Commtouch reported mixed results with year over year third quarter revenues increasing $1.254 million or 27.3 percent to $5.855 million from $4.601 million for the comparable quarter of 2010. Third quarter 2011 GAAP net income dropped 16.1 percent or $170,000 to $887,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Jobs Report, G20 Focus Continues Posted: 03 Nov 2011 03:20 PM PDT 11/03/11 At the end of the week, any developments from the G20 summit will be closely watched. The US employment report is scheduled for release on Friday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AT&T Soon To Debut Smartphones Posted: 03 Nov 2011 03:05 PM PDT AT&T (NYSE:T) is set to tap the 4G smartphone market with its launch of HTC Vivid and Samsung Galaxy S II Skyrocket on November 6. Since its biggest rival, Verizon (NYSE:VZ), entered the 4G market, the company was gearing up to make its much awaited foray in this segment.  The two dual-core Android-based smartphones are designed to offer improved accessibility to users as they remain the only smartphone using the high frequency Long-Term Evolution (LTE) and High-Speed Packet Access Plus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europe Leads The Way For Another Dow Rally Posted: 03 Nov 2011 10:00 AM PDT 11/03/11 NYFP’s Closing Bell Report: An unexpected ECB rate hike and reports of abandoning the Greek bailout referendum pushed the Big Board to have another session of big … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Activision Unveils Two New Games Posted: 03 Nov 2011 02:50 PM PDT As competition heats up in the pre-holiday season sales, video game publisher, Activision Blizzard Inc. (NASDAQ:ATVI) recently came out with two new adventure games back-to-back, namely Survival: Shadows of Katmai in partnership with Cabela's and James Bond classic thriller GoldenEye 007: Reloaded. Cabela’s Survival: Shadows of Katmai is currently available for Microsoft Corp's (NASDAQ:MSFT) Xbox 360, Sony Corp's (NYSE:SNE) PlayStation 3 and Wii system from Nintendo. The game is based on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Bristol-Myers Posted: 03 Nov 2011 02:50 PM PDT Following the release of encouraging third quarter 2011 results on October 27, 2011, majority of the analysts covering Bristol-Myers Squibb Company (NYSE:BMY) raised their earnings estimates for fiscal 2011. However, fiscal 2012 estimates have gone predominantly downwards. Third Quarter Flashback Bristol-Myers' third quarter 2011 earnings (excluding special items) of 61 cents per share surpassed the Zacks Consensus Estimate by 3 cents and the year-ago earnings by 2 cents. Higher revenues boosted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Equity Residential Posted: 03 Nov 2011 02:35 PM PDT Equity Residential (NYSE:EQR) reported funds from operations (FFO) of $196.6 million or 63 cents per share in the third quarter of 2011 compared with $166.2 million or 55 cents per share in the year-ago quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. We cover below the results of the recent earnings announcement, as well as the subsequent analysts' … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Sliding Posted: 03 Nov 2011 02:33 PM PDT Although I’ve written a number of posts over the past five years chronicling America’s relentless slide from leader of the free world to leading banana republic — see here, here, here, here, here, here, and here — it isn’t hard to find fresh material with each passing day. For example, as is typical of those failed Latin American republics we keep trying to emulate, the rich keep finding ways to get richer – “Many Companies Pay No Income Taxes, Study Finds” (CNNMoney) The corporate tax rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CIT Resumes CRE Lending Business Posted: 03 Nov 2011 02:20 PM PDT CIT Group Inc. (NYSE:CIT) re-initiated its commercial real estate (CRE) lending business with the launch of CIT Real Estate Finance on Wednesday. The new business will originate and underwrite senior secured real estate transactions in the Boston, New York City and Washington, D.C. areas. When the financial crisis was at its peak in 2008, CIT had scaled back its CRE lending division to stay afloat. CIT Real Estate Finance will provide real estate loans above $20 million to well capitalized and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hedge Fund Acquires CP Rail Stake (revised) Posted: 03 Nov 2011 02:20 PM PDT William A. Ackman, the founder and CEO of hedge fund Pershing Square Capital Management, L.P., has acquired a 12.2% stake in Canadian Pacific Railway Limited (NYSE:CP). The acquisition involves  the purchase of approximately 20.6 million shares, through terms of the agreement remain undisclosed. The deal remains accretive to Canadian Pacific and is expected to enhance market value of its shares given the investment and strategic changes brought in by Ackman. It signifies the rapidly emerging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WFC Acquires $3.3B Loan Portfolio Posted: 03 Nov 2011 02:20 PM PDT Yesterday, Wells Fargo & Company (NYSE:WFC) announced the acquisition of a loan portfolio with a face value of $3.3 billion from Irish Bank Resolution Corporation (IBRC), previously known as Anglo Irish Bank. The portfolio comprised 61 performing U.S.-based commercial real estate loans. Last week, out of the total 61 loans, WFC closed 25 worth $1.5 billion. The company expects to purchase the remaining loans in the fourth quarter of 2011. Moreover, The Blackstone Group (NYSE:BX) and WFC have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foster Wheeler Underperforms Posted: 03 Nov 2011 02:12 PM PDT Foster Wheeler AG (NASDAQ:FWLT) reported third-quarter 2011 earnings per share from continuing operations of 33 cents compared with 40 cents in the prior-year quarter. The company underperformed the Zacks Consensus Estimate of 44 cents. Including asbestos related provision of 2 cents, earnings per share in the quarter came in at 31 cents compared with 41 cents (asbestos-related gain of 1 cent) in the prior-year quarter. Net income in the quarter decreased year over year as a result of low EBITDA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commtouch Rolls Along Posted: 03 Nov 2011 02:12 PM PDT Commtouch Rolls Along Ken Nagy, CFA On November 2, 2011, Commtouch Software Ltd. (CTCH), a cloud-based Internet security provider, reported financial results for its third quarter and nine months ended September 30, 2011. Commtouch reported mixed results with year over year third quarter revenues increasing $1.254 million or 27.3 percent to $5.855 million from $4.601 million for the comparable quarter of 2010. Third quarter 2011 GAAP net income dropped 16.1 percent or $170,000 to $887,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AXIS Capital Reports Mixed Quarter Posted: 03 Nov 2011 02:03 PM PDT AXIS Capital Holdings Limited (NYSE:AXS) reported third-quarter operating earnings of 74 cents per share, lagging the Zacks Consensus Estimate by 2 cents. Results also compared unfavorably with $1.41 earned in the prior-year period. Operating income was $95 million in the quarter, plummeting 49.7% from $189 million in third quarter 2010. Higher premiums were more than offset by lower investment income  and elevated expenses inducing lower earnings in the quarter. The company also suffered … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lincoln Profits Up, Top Line Weakens Posted: 03 Nov 2011 02:03 PM PDT Lincoln National Corporation's (NYSE:LNC) third quarter operating earnings of $1.00 per share came in modestly ahead of the Zacks Consensus Estimate of 93 cents and 63 cents recorded in the prior-year quarter. Meanwhile, operating net income surged 53.9% year over year to $317.3 million. Conversely, net income available to common shareholders dipped to $138.5 million or 44 cents per share against $245.1 million or 75 cents per share in the year-ago quarter. GAAP net income also came in at $143.3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BorgWarner’s Profit Skyrockets Posted: 03 Nov 2011 02:03 PM PDT BorgWarner Inc. (NYSE:BWA) posted a 64% increase in profit to $1.15 per share in the third quarter of the year from 70 cents per share (excluding non-recurring item) in the same quarter of 2010. The profit was higher than the Zacks Consensus Estimate of $1.05 per share. Net sales surged 27% to $1.79 billion from $1.41 billion in the year-ago quarter led by strong demand for the company's products, which are amenable to improved fuel economy and ensure emission standards. Operating margin income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rent-A-Center Expands In Texas Posted: 03 Nov 2011 02:03 PM PDT Rent-A-Center Inc. (NASDAQ:RCII) is all set to serve the residents of Bastrop, Texas by opening new stores and providing them additional avenue to own luxury furnishings, electrical devices, electronics and computers. The new 6,000-square-foot showroom in Bastrop will offer brands like HP, Ashley, Sony, Serta and Whirlpool. Rent-A-Center operates through 281 locations in Texas. The residents of Bastrop will get the benefit of buying goods with flexible payment options, allowing them to pay weekly, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greatbatch Raised To Outperform Posted: 03 Nov 2011 02:03 PM PDT We upgrade our recommendation on Greatbatch (NYSE:GB) to Outperform following its impressive third-quarter 2011 results. Adjusted earnings of 41 cents for the quarter outstripped the Zacks Consensus Estimate of 34 cents. Profit surged 17% year over year. Sales rose 3% year over year to $131.7 million, matching the Zacks Consensus Estimate. Revenues and profit were boosted by double-digit growth across the company's Orthopedic and Vascular franchises, which offset the decline in the Electrochem … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session Posted: 03 Nov 2011 01:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3822, up 0.55% at time of writing. The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4169, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PG&E Beats EPS, Revenue In Line Posted: 03 Nov 2011 01:53 PM PDT California's largest regulated electric and gas utility, PG&E Corporation's (NYSE:PCG) operating earning per share of $1.08 in the third quarter of 2011 beat the Zacks Consensus Estimate of $1.06. Results also comfortably surpassed the year-ago number of $1.02. The upsurge in earnings year over year came from higher rates (10 cents) and miscellaneous items (3 cents). However this was partially offset by litigation and regulatory matters (4 cents) and earnings dilutive issuance of common … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harmony Returns To Profit Posted: 03 Nov 2011 01:53 PM PDT Harmony Gold Mining Co. Ltd. (NYSE:HMY) recorded net profit of 16 cents per share in the first quarter of 2012 versus last quarter's loss of 1 cent per share and year-ago quarters profit of 3 cents. Results were a penny ahead of the Zacks Consensus Estimate of 15 cents. Revenue Revenues were up 30.3% to $550 million versus $422 million in the prior-year quarter and up 8.9% sequentially from $505 million. The increase in revenue was driven by a rise in the gold price received, offset by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Scientific Games Beats Estimates Posted: 03 Nov 2011 01:53 PM PDT Scientific Games Corp. (NASDAQ:SGMS) reported third quarter 2011 earnings per share (EPS) of 8 cents, which comprehensively beat the Zacks Consensus Estimate of 5 cents. However, EPS in the reported quarter declined 20.0% from 10 cents per share in the year-ago quarter. Operating Performance Attributable EBITDA rose to $81.7 million from $75.0 million in the year-ago quarter. Joint venture EBITDA was $22.8 million in the reported quarter compared with $15.0 million in the prior-year period, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LAMR Posts Profit, Lags Estimate Posted: 03 Nov 2011 01:53 PM PDT Lamar Advertising Company (NASDAQ:LAMR) reported its financial results for the third quarter of the fiscal year 2011 on November 3. Earnings per share in the quarter were 4 cents, an improvement over earnings of 1 cent reported in the third quarter of 2010. However, the results lagged behind the Zacks Consensus Estimate of 7 cents. Revenue In the third quarter, pro forma net revenue increased 3.2% year over year to $296.7 million and registered reported growth of 3.7%. The results were above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Varian Issues Sustainability Report Posted: 03 Nov 2011 01:53 PM PDT Leading oncology and X-Ray products company, Varian Medical Systems (NYSE:VAR) recently announced the release of its first complete Corporate Social Responsibility report, which provides details of its achievements and policies in preserving resources, providing care and helping to protect lives. The "Varian Sustainability Report" has been written as an element of a broader company-wide effort to continuously enhance sustainability performance as well as transparency. Varian launched, earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Approval For Edwards’ Sapien Posted: 03 Nov 2011 01:44 PM PDT Edwards Lifesciences Corporation (NYSE:EW) has received approval from the US Food and Drug Administration (FDA) for the transfemoral delivery of Sapien transcatheter aortic heart valve. The approval is meant for patients with severe symptomatic aortic stenosis who are considered unfit for surgery. Over the recent past, investors' focus was primarily concentrated on this approval. Although Sapien is approved in many countries outside the US, Edwards is the first company to receive approval for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 03 Nov 2011 01:40 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims. USD/JPY was trading at 78.10, up 0.07% at time of writing. The pair was likely to find support at 75.58, Monday's low, and resistance at 79.53, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Murphy Oil Beats Posted: 03 Nov 2011 01:33 PM PDT Murphy Oil Corporation (NYSE:MUR) engaging in the exploration, production, refining and marketing of oil and gas in the U.S. and the U.K announced third-quarter 2011 income from continuing operations of $1.73 per share, surpassing the Zacks Consensus Estimate of $1.17. Results shot up 69.6% from $1.02 earned in the year ago quarter. Higher sales prices for crude oil production, stronger U.S. retail gasoline station profits and favorable impacts from transactions denominated in foreign currencies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR POS Solutions In Demand Posted: 03 Nov 2011 01:33 PM PDT NCR Corp. (NYSE:NCR) recently announced that it has sealed an agreement with Einstein Noah Restaurant Group (NASDAQ:BAGL). Financial details of the deal were not divulged. Under the agreement terms, NCR will offer its Aloha Enterprise point-of-sale (POS) software solution and Radiant POS hardware solution for the Group-owned brands: Einstein Bros. Bagels and Noah’s New York Bagels restaurants. Einstein Noah is counting on the NCR solutions for enhancing its restaurant services. NCR expects the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 03 Nov 2011 01:25 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3814, up 0.48% at time of writing. The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4169, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Time For An Independent Audit Of Freddie Mac Posted: 03 Nov 2011 01:20 PM PDT On December 24, 2009 President Barack Obama and Treasury Secretary Tim Geithner provided a blank check to the wards of the state known as Freddie Mac and Fannie Mae (NYSE:FNM). I highlighted that 'Christmas' gift in writing at the time, Fannie and Freddie's Huge Christmas Bonus. That blank check runs throughout 2012. Do not think for a second that the administration will not keep adding zeros to this check throughout next year. Why do I make that assessment? Well, let's review the fact … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Onyx’s Loss Widens, Misses Revenues Posted: 03 Nov 2011 01:18 PM PDT Onyx Pharmaceuticals Inc.'s (NASDAQ:ONXX) third quarter 2011 loss of 44 cents per share came in 6 cents wider than the Zacks Consensus Estimate. In the year-ago quarter the company had reported earnings of 76 cents per share. Lower revenues and higher operating expenses led to the loss. Quarterly Details Quarterly revenues declined 38.9% to $75.0 million, marginally missing the Zacks Consensus Estimate of $76.0 million. In the previous-year quarter, the company had booked license revenue of $59.2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Beam’s Profit Surges, But Misses Est Posted: 03 Nov 2011 01:18 PM PDT Beam Inc.'s (BEAM) adjusted earnings of 53 cents a share for the third quarter of fiscal 2011 surged 13% from the prior-year quarter. The Zacks Consensus Estimate for the quarter stood at 59 cents per share. Earnings, on a GAAP basis, were $2.65 compared with 66 cents per share posted in the year-ago quarter. The GAAP figure includes a gain on sale of the golf business and spin-off of Fortune Brands Home & Security business. Quarterly Details Net sales, excluding excise taxes, during … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Penske Reports Ahead Of Estimate Posted: 03 Nov 2011 01:18 PM PDT Penske Automotive Group, Inc. (NYSE:PAG) reported a net income of $56.7 million or 62 cents per share from continuing operations in the third quarter of 2011, significantly ahead of the year-ago level of $34.8 million or 38 cents. The reported quarter included a tax benefit of $11.0 million or 12 cents. Excluding the tax benefit, Penske earned an adjusted income of $45.7 million or 50 cents per share in the reported quarter, beating the Zacks Consensus Estimate of 42 cents. Revenues in the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Energy Beats EPS, Misses Revs Posted: 03 Nov 2011 01:18 PM PDT Duke Energy Corporation (NYSE:DUK) announced its third-quarter 2011 operating earnings of 50 cents per share, beating the Zacks Consensus Estimate by 3 cents. However, the results were marginally lower than the year-ago earnings of 51 cents per share. The results were driven by Duke Energy's ability to consistently meet electricity demand during the summer months, combined with excellent performance from its International business unit. The company reported GAAP earnings per share of 35 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.76% Posted: 03 Nov 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Thursday. At the close of U.S. trade, the Dow Jones Industrial Average rose 1.76%, the S&P 500 index gained 1.88%, while the Nasdaq 100 index climbed 2.13%. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up from 402K. Analysts had expected Initial Jobless Claims to fall to 400K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rail Traffic In October Continues To Improve Posted: 03 Nov 2011 01:15 PM PDT   “The Association of American Railroads (AAR) today reported gains in October 2011 rail traffic compared with the same month last year, with U.S. railroads originating 1,215,627 carloads, up 1.7 percent, and 975,566 trailers and containers, up 3.6 percent. October 2011 saw the highest weekly carload average of any month since October 2008, as well as the highest weekly intermodal average since October 2006. Detailed monthly data charts and tables will be made available in the AAR's Rail … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Estee Lauder Posts Robust Quarter Posted: 03 Nov 2011 01:07 PM PDT Estee Lauder Companies Inc. (NYSE:EL) posted robust results for the first quarter 2012. Quarterly earnings climbed 45% to $1.41 per share in the first quarter, beating the Zacks Consensus Estimate of $1.18 by 19.5%. The earnings also exceeded management's guidance of $1.10 to $1.20 per share, anticipated in the fourth quarter 2011. Additionally, earnings leapt from  $.02 per diluted common share postedin fiscal 2011 first quarter. Strong sales, especially in Europe, the Middle East & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Spectra Lags Estimates Posted: 03 Nov 2011 01:06 PM PDT Premier natural gas company Spectra Energy Corp. (NYSE:SE) reported better-than-expected third-quarter 2011 results owing to expansion projects that led to higher commodity prices along with a stronger Canadian dollar. Earnings per share from continuing operations were 38 cents in the reported quarter, a penny short of the Zacks Consensus Estimate, but higher than the year-earlier profit of 31 cents. The company reported operating revenues of $1,123 million, up approximately 10% from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ERJ Revs Up, Misses Estimate Posted: 03 Nov 2011 01:00 PM PDT On November 2, Embraer S.A (NYSE:ERJ) reported financial results for the third quarter of 2011. Diluted earnings per ADS in the quarter were recorded at 1 cent, down from 70 cents in the year-ago quarter. Results missed the Zacks Consensus Estimate of 50 cents. The reported loss may be attributable to higher taxes resulting from Brazilian currency fluctuation against dollars, which raised the value of dollar-denominated assets. Revenue Net revenue in the quarter was $1,363.6 million, up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charles River Misses Overall Posted: 03 Nov 2011 01:00 PM PDT Charles River Laboratories International Inc. (NYSE:CRL) reported third quarter 2011 earnings (excluding special items) of 57 cents per share, just a penny short of the Zacks Consensus Estimate of 58 cents. Moreover, the earnings per share dropped 13 cents on a sequential basis. Decline in the top line and operating margin led to the shortfall in earnings. Earnings were however above the year-ago figures of 46 cents per share. Quarterly revenues of $277.6 million climbed 2.5% over the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Macro Issues Hurt Prudential Posted: 03 Nov 2011 01:00 PM PDT Prudential Financial Inc.'s (NYSE:PRU) core operating earnings came in at $1.07 per share, substantially lower than the Zacks Consensus Estimate of $1.56. This also compared unfavorably with earnings of $2.12 in the year-ago quarter. Recent stock market declines owing to threats from a deeper European debt crisis and the uncertain outlook for the U.S. economy primarily dented the company's earnings.  Results were negatively impacted by approximately $650 million in charges that included a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Progress Energy Misses Posted: 03 Nov 2011 12:55 PM PDT North Carolina-based power utility company Progress Energy Inc. (NYSE:PGN) reported third-quarter 2011 operating earnings of $1.16 per share, falling short of the Zacks Consensus Estimate of $1.24 and year-ago earnings of $1.23. The bottom-line miss in the quarter emanated mainly from less favorable weather than in 2010 and disallowance of replacement-power costs in the Carolinas, offset in part by lower O&M, lower amortization expense in Florida and lower interest costs. In the third quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The U.S. Session Posted: 03 Nov 2011 12:55 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. GBP/USD was trading at 1.6039, up 0.56% at time of writing. The pair was likely to find support at 1.5877, today's low, and resistance at 1.6166, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wake Up, This Stock Is Under-Valued! Posted: 03 Nov 2011 12:50 PM PDT Wake Up, This Stock is Under-Valued! Ken Nagy, CFA On November 2, 2011, inTest Corporation (INTT), an independent designer, manufacturer and marketer of semiconductor automatic test equipment interface solutions and temperature management products, reported financial results for its fiscal 2011 third quarter and nine months, ended September 30, 2011. A solid third quarter by the Company resulted in quarterly revenues increasing by 3.3 percent or $376,000 year over year to $11.681 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sempra Beats, Reaffirms Guidance Posted: 03 Nov 2011 12:50 PM PDT Sempra Energy (NYSE:SRE) announced third-quarter 2011 pro forma earnings of 1.22 per share, a penny above the Zacks Consensus Estimate of $1.21, easily surpassing the year-ago quarterly figure of 53 cents per share. Operating Statistics Total revenue of Sempra Energy in the third-quarter 2011 was $2.6 billion, beating the Zacks Consensus Estimate by $505 million and the year-ago figure of $460 million. Sempra Utilities’ top line increased to $2.1 billion from $1.6 billion in the year-ago quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eastman Kodak Underperforms, Guides Low Posted: 03 Nov 2011 12:50 PM PDT On November 3, Eastman Kodak Company (NYSE:EK) reported its financial results for the third quarter of 2011. The company reported loss from continuing operations of $0.83 a share compared with a loss of $0.16 in the year-ago comparable quarter. The loss incurred during the quarter was higher than the Zacks Consensus Estimate loss of $0.41 per share. The year-over-year earnings decline largely reflect the absence of sizable patent licensing revenue in the reported quarter versus the year-ago period … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gentiva Lags, Lowers Outlook Posted: 03 Nov 2011 12:35 PM PDT Gentiva Health Services Inc. (GTIV) reported its third-quarter adjusted operating earnings of $8.3 million or 27 cents per share, lagging behind the Zacks Consensus Estimate of 48 cents. The income also compares negatively with $21.6 million or 71 cents earned in the year-ago quarter. Including the dividend received from CareCentrix and impact of businesses moved to discontinued operations in the reported quarter, Gentiva's adjusted income from continuing operations for the reported quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Bag 3Q From NRG Energy Posted: 03 Nov 2011 12:35 PM PDT NRG Energy, Inc. (NYSE:NRG) announced operating earnings of 43 cents per share for third-quarter 2011, beating the Zacks Consensus Estimate of 35 cents. GAAP loss in the quarter was 24 cents versus net earnings of 87 cents in the prior-year quarter. The difference between the GAAP and operating earnings in the reported quarter was due to a $160 million (67 cents) impairment charge related to the company’s sulfur dioxide emission allowances pertaining to the acid rain program, following the release … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Health Care REIT Beats By A Sliver Posted: 03 Nov 2011 12:35 PM PDT Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estates, reported third quarter 2011 FFO (funds from operations) of 85 cents per share compared  with 31 cents per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding one-time items, recurring FFO in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Teradata Tops, Raises Outlook Posted: 03 Nov 2011 12:35 PM PDT Teradata Corp. (NYSE:TDC) reported third quarter 2011 earnings of 56 cents per share, beating the Zacks Consensus Estimate by three cents. Earnings per share (EPS), including stock-based compensation of 3 cents, grew 21.7% from 46 cents per share in the year-ago quarter. Based on the strong quarterly result, Teradata raised its fiscal 2011 revenue and EPS outlook. Operating Performance Gross profit was $335.0 million, up 20.1% year over year from $279.0 million in the prior-year quarter. Gross … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

An Impressive 3Q By Denbury Posted: 03 Nov 2011 12:30 PM PDT Denbury Resources Inc. (NYSE:DNR) has reported third-quarter 2011 earnings of 37 cents per share (excluding one-time items), beating our expectation of 29 cents. The quarterly results were also well above the year-earlier adjusted earnings of 13 cents, attributable to overall higher price realization and production growth. Total revenue jumped 24% to $576.5 million from the year-ago level of $466.7 million and comfortably surpassed the Zacks Consensus Estimate of $540 million. Operational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Molson Coors Misses Posted: 03 Nov 2011 12:30 PM PDT Molson Coors Brewing Co. (NYSE:TAP) reported adjusted earnings of $1.14 per share in the third-quarter 2011, lagging the Zacks Consensus Estimate of $1.25. The earnings also missed the prior-year quarter earnings of $1.28. Including special one-time items, Molson Coors reported earnings of $1.05 per share, down 23.9% from $1.38. Molson Coors' earnings were negatively impacted by continuing weak economic conditions, high unemployment among core beer consumers and commodity inflation in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PPL Corp. Beats, Revises Outlook Posted: 03 Nov 2011 12:30 PM PDT PPL Corporation (NYSE:PPL), a Pennsylvania-based diversified utility company engaged in generating and marketing electricity in the Northeastern and Western U.S., reported third quarter adjusted earnings of 76 cents per share, smoothly sailing past the Zacks Consensus Estimate of 69 cents. Operating results in the quarter also inched up 3% from the year-ago earnings of 74 cents. On a GAAP basis, the company reported an EPS of 76 cents, which included one-time items that had no impact. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DST Systems Lags Estimates Posted: 03 Nov 2011 12:30 PM PDT DST Systems Inc. (NYSE:DST) posted third quarter 2011 adjusted earnings per share (EPS) of 90 cents, lagging the Zacks Consensus Estimate of 99 cents. Revenue Total revenue in the third quarter was $591.4 million, down 4.3% from $567.2 million in the year-ago quarter. Excluding out-of-the-pocket reimbursements, consolidated operating revenue increased 7.4% year over year to $433.1 million. Financial Services operating revenues decreased 1.5% year over year, primarily due to lower shareowner … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours Posted: 03 Nov 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims. USD/CHF was trading at 0.8773, down 0.78% at time of writing. The pair was likely to find support at 0.8611, Monday's low, and resistance at 0.8960, Tuesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merge Misses By A Penny, Margins Up Posted: 03 Nov 2011 12:20 PM PDT Merge Healthcare (NASDAQ:MRGE) reported adjusted EPS of 6 cents in the third quarter of fiscal 2011, surpassing the prior-year quarter level of 4 cents but missing the Zacks Consensus Estimate by a penny. Solid growth across all the company's segments triggered a 33% year-over-year increase in total revenue to $60.1 million in the quarter, almost in line with the Zacks Consensus Estimate. The increased adoption of Meaningful Use solutions coupled with growing demand for enterprise imaging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Avis Budget Beats Estimates Posted: 03 Nov 2011 12:10 PM PDT Avis Budget Group Inc. (NYSE:CAR) posted third-quarter 2011 net income of $82.0 million, compared with a net income of $90.0 million in the year-ago period. Excluding extraordinary items, quarterly net income came in at $129 million or $1.02 a share. Net income per share for the quarter beats the Zacks Consensus Estimate of 99 cents and was a considerable improvement from the prior-year quarter income of 78 cents a share. The company reported a 7.0% jump in net revenues to $1,623.0 million from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 03 Nov 2011 12:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. USD/CAD was trading at 1.0073, down 0.61% at time of writing. The pair was likely to find support at 0.9916, Monday's low, and resistance at 1.0224, Tuesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stone Energy Outperforms In 3Q Posted: 03 Nov 2011 12:05 PM PDT Stone Energy Corp. (NYSE:SGY) has reported third-quarter 2011 earnings of $1.06 per share, outpacing the Zacks Consensus Estimate of 78 cents and improving from the year-earlier profit of 40 cents. The outperformance was primarily based on production growth and higher oil price realizations. Total oil and gas revenue improved 35.6% year over year to $207.7 million in the quarter from the year-ago level of $153.2 million. Operational Highlights During the quarter, production averaged 205 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours Posted: 03 Nov 2011 11:45 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3820, up 0.53% at time of writing. The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4169, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NYSE Hosts Floor Broker Charity Trading Day Posted: 03 Nov 2011 11:30 AM PDT 11/03/11 NYSE will hold its third annual Floor Broker Charity Trading Day on Friday, Nov. 4, 2011. Executive VP of Floor Operations, Lou Pastina, discusses the charitable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 2.81% Posted: 03 Nov 2011 11:05 AM PDT Forexpros – European stocks were up after the closing bell on Thursday. At the close of European trade, Germany's DAX rose 2.81%, London's FTSE 100 gained 1.12%, France's CAC 40 climbed 2.73% and the EURO STOXX 50 was up 2.45%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.60%; the S&P 500 index gained 1.66%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, November 4, 2011 Posted: 03 Nov 2011 04:34 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Friday, November 4, 2011 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 10.87 + 1.59 10.61 11.11 Neutral AXP – American Express Company 51.68 + 2.70 50.28 50.92 Bullish BA – Boeing Co 66.19 + 2.78 64.44 66.83 Neutral BAC – Bank of America Corporation 6.91 + 2.83 6.66 7.07 Neutral CAT – Caterpillar Inc 96.00 + … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, November 4, 2011 Posted: 03 Nov 2011 04:34 AM PDT By ForexMansion.com The Trend Trader for ETFs For Trading On Friday, November 4, 2011 The top 40 ETFs by net assets In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AGG – iShares Lehman Aggregate Bd Fd 110.03 − 0.22 110.11 109.41 Neutral BND – Vanguard Total Bond Market ETF 83.77 − 0.25 83.89 83.26 Neutral DBC – DB Commodity Index Tracking Fd 27.90 + 1.23 27.58 27.99 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 Friday, November 4, 2011 Posted: 03 Nov 2011 04:34 AM PDT By ForexMansion.com The Trend Trader for Forex For Trading On Friday, November 4, 2011 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 1.0417 + 0.69 1.0365 1.0589 Neutral EURUSD – Euro / US Dollar 1.3823 + 0.55 1.3747 1.4066 Neutral GBPUSD – British Pound / US Dollar 1.6045 + 0.60 1.5980 1.6052 Neutral USDCAD – US Dollar / Canadian Dollar 1.0071 − 0.71 1.0133 1.0006 Neutral USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Friday, November 4, 2011 Posted: 03 Nov 2011 04:34 AM PDT By ForexMansion.com The Trend Trader for Futures For Trading On Friday, November 4, 2011 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Dec ESZ1 1255.75 + 1.74 1233.86 1262.25 Neutral Dow Jones – Dec YMZ1 11976 + 1.72 11781 12009 Neutral Nasdaq – Dec NQZ1 2361.00 + 2.01 2318.97 2364.00 Neutral Russell – Dec TFZ1 745.40 + 2.12 727.86 743.87 Bullish INTEREST RATES US T-Bond – Dec ZBZ1 140-22 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Silver Posted: 03 Nov 2011 03:03 AM PDT By ForexMansion.com By Jonah S. Ford Autochartist identified a Triangle breakout pattern on the 240-minute silver chart, portending a possible rally towards the $40 level once again. Silver futures have been range-bound in a large consolidation phase within this Triangle chart pattern, and this week's surge higher marks the first long term technical buy signal since the market broke through the $30 level several weeks ago. The Triangle had been forming between the $32 and $35 per ounce price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Sugar Posted: 03 Nov 2011 02:33 AM PDT By ForexMansion.com By Jonah S. Ford   Sugar futures established a base for a possible rally during last week's price consolidation near the 25-cents per pound level. Autochartist has identified this as the lower end of a broad Channel Down chart pattern, with a projection for a move higher towards resistance in the near term. The Channel Up pattern began forming after the swing high above 27-cents per pound and has made consistent tests of both the upper and lower boundaries of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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