Wednesday, November 30, 2011

DailyMarkets.com - Forex Trading: Usd/sgd Gaps Lower But Finds Suppor At The 200 MV

DailyMarkets.com - Forex Trading: Usd/sgd Gaps Lower But Finds Suppor At The 200 MV

Forex Trading: Usd/sgd Gaps Lower But Finds Suppor At The 200 MV

Posted: 30 Nov 2011 05:35 PM PST

usd/sgd gaps lower but finds suppor at the 200 moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Slowly Building An Uptrend

Posted: 30 Nov 2011 05:35 PM PST

usd/cnh slowly building an uptrend after breaking through that downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Rebirth Of Social Darwinism

Posted: 30 Nov 2011 04:51 PM PST

What kind of society, exactly, do modern Republicans want? I've been listening to Republican candidates in an effort to discern an overall philosophy, a broadly-shared vision, an ideal picture of America.
They say they want a smaller government but that can't be it. Most seek a larger national defense and more muscular homeland security. Almost all want to widen the government's powers of search and surveillance inside the United States – eradicating possible terrorists, expunging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down On Economic Data

Posted: 30 Nov 2011 04:50 PM PST

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

AUD/USD was trading at 1.0224, down 0.57% at time of writing.

The pair was likely to find support at 0.9790, Monday's low, and resistance at 1.0329, Wednesday's high.

Earlier in the day, official data showed that Retail sales in Australia rose less-than-expected to a seasonally adjusted 0.2% last month from 0.4% in the preceding month.

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

Australian Retail Sales Rise Less-than-expected

Posted: 30 Nov 2011 04:45 PM PST

Forexpros – Retail sales in Australia rose less-than-expected last month, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian retail sales rose to a seasonally adjusted 0.2%, from 0.4% in the preceding month.

Analysts had expected Australian retail sales to rise 0.4% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDonald’s Outsmarts San Francisco Politicians

Posted: 30 Nov 2011 04:42 PM PST

SF Weekly — “Local McDonald’s employees tell SF Weekly the company has devised a solution that appears to comply with San Francisco’s “Healthy Meal Incentive Ordinance” that could actually make the company more money — and necessitate toy-happy youngsters to buy more Happy Meals. 

It turns out San Francisco has not entirely vanquished the Happy Meal as we know it. Come Dec. 1, you can still buy the Happy Meal. But it doesn’t come with a toy. For that, you’ll have to pay an extra 10 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Gaps Lower To Near Recent Lows

Posted: 30 Nov 2011 04:35 PM PST

usd/hkd gaps lower to near recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 30 Nov 2011 04:35 PM PST

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

USD/JPY was trading at 77.67, up 0.06% at time of writing.

The pair was likely to find support at 77.30, Wednesday's low, and resistance at 78.28, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.04% to hit 1.3440 and GBP/USD falling 0.03% 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: 30 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3450, up 0.03% at time of writing.

The pair was likely to find support at 1.3260, Wednesday's low, and resistance at 1.3532, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8566 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

On The Prowl

Posted: 30 Nov 2011 04:09 PM PST

Humans can be quite resourceful when they need to be, especially when it involves those things that are essential to life. So, at a time when millions are either struggling to get by or are just barely hanging on, it’s no surprise to find, as the following recent reports suggest, that more and more people are relying on unsavory or unlawful tactics to get their hands on something that nobody can do without: food.
“Steal This Continental … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Morrison: “ETFs Robust In 2011″

Posted: 30 Nov 2011 03:58 PM PST

11/30/2011 Laura Morrison, SVP of the Global Index and Exchange Traded Products at the NYSE Euronext, discusses this year’s trends in ETFs and the outlook for the upcoming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Melt Up

Posted: 30 Nov 2011 03:38 PM PST

Cusick’s Corner
Melt up, don’t fight the tide. However you refer to the action in the market today, the reality is the bulls were running in the streets. What’s positive — the dips were being bought, 1232 on the S&Ps, and in the last 30 minutes there was a burst to finish the day at the best levels of the trading session. This is a mammoth move, 9% up in the S&Ps over the last 3 days and additional catalysts are still out there, with the Claims data tomorrow being the one that I will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 30 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7786, down 0.24% at time of writing.

The pair was likely to find support at 0.7371, Friday's low, and resistance at 0.7822, today's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.02% to hit 1.3171 and EUR/NZD rising 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MasterCard Allies With Western Union

Posted: 30 Nov 2011 03:30 PM PST

In an attempt to expand its prepaid card offering, yesterday, card giant – MasterCard Inc. (NYSE:MA) announced a global strategic alliance with money transfer giant – Western Union Co. (NYSE:WU) – to offer consumer-friendly prepaid card service across the latter's multiple non-US locations.
According to the agreement, MasterCard is offering a prepaid card that will enable to move money from Western Union directly to MasterCard's credit, debit and prepaid cards, and vice versa. This prepaid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NHS Deal For Computer Sciences

Posted: 30 Nov 2011 03:20 PM PST

Virginia-based tech giant Computer Sciences Corp. (NYSE:CSC) ended this month on a high note. Yesterday, the company clinched an information technology (IT) outsourcing deal with Royal Berkshire NHS (National Health Services) Foundation Trust. The 7-year deal has the option to be extended by another 3 years depending on the level of work accomplished. Financial details were kept confidential.
Per the deal terms, Computer Sciences will perform all technological outsourcing jobs for the trust's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cycles Are Your Only Chance To Go Where No Trader Has Gone Before

Posted: 30 Nov 2011 03:14 PM PST

We pay attention when cycles begin to turn, even when we have no idea why. In the investing game most forecast the continuing extension of the prevailing trend, cycles on stocks (or economic data) is your only chance of determining a change in trend before the crowd.

The above is another reason why this site is a fan of Felx Zulauf

REF: Would you believe a Gold stocks rally is due

The cycle on gold stocks was posted in early Nov 2011, its is now starting to show profits. In our charting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: DISH Network

Posted: 30 Nov 2011 03:10 PM PST

DISH Network Corp. (NASDAQ:DISH) reported its third-quarter 2011 financial results, where the top line exceeded the Zacks Consensus Estimate, but the bottom line fell short of the Zacks Consensus Estimate.
However, the alarming sign is that net subscriber loss mounted in the previous quarter to 111,000 compared with a net loss of a mere 29,000 in the prior-year quarter. As of September 30, 2011, DISH Network had approximately 13.945 million subscribers.
Fourth Quarter Highlights
Quarterly GAAP net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Green Junk: 15k Abandonded Windmills Litter The Landscape; Symbols Of A Dying Climate Religion

Posted: 30 Nov 2011 03:10 PM PST

From Alex Newman writing in the New American:

Despite billions in taxpayer subsidies pumped into the so-called "green-energy" industry, almost 15,000 windmills — maybe more — have been left to rot across America. And while the turbines have been abandoned over a period of decades, the growing amount of "green junk" littering the American landscape is back in the headlines again this week.

Across the country, subsidized wind farms are meeting increasing resistance — and not just … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ETF Interview – The ISE SPY Bear Options Overlay And ISE SPY Bull Options Overlay

Posted: 30 Nov 2011 03:10 PM PST

11/30/2011 ISE’s Mark Abssy breaks down the ISE SPY Bear Options Overlay (VCS) and ISE SPY Bull Options Overlay indexes (VPS). The advantages, construction and strategies of the VCS and VPS are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TransDigm Kept At Neutral

Posted: 30 Nov 2011 03:05 PM PST

We recently maintained a Neutral recommendation on TransDigm Group Inc. (NYSE:TDG).
Based in Cleveland, Ohio, TransDigm Group Inc. is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. The company's business is well diversified due to the broad range of products it offers to its customers.
TransDigm Group has large, renowned customers in the aerospace/defense sector. These … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Zumiez

Posted: 30 Nov 2011 02:50 PM PST

Zumiez Inc. (NASDAQ:ZUMZ) is scheduled to report third-quarter 2011 financial results on December 1, 2011. The current Zacks Consensus Estimate for the quarter is earnings of 41 cents a share.
Second-Quarter 2011, Summary
Zumiez reported second-quarter earnings of 8 cents a share, beating the Zacks Consensus Estimate of 5 cents a share. The company also outpaced earnings of 2 cents a share posted in the second quarter of fiscal 2010.
Net sales in the reported quarter increased 14.9% year over year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Few Trade Ideas For Thursday

Posted: 30 Nov 2011 02:49 PM PST

( click to enlarge )

The price movement in the last couple of days indicates that Apple Inc. (NASDAQ:AAPL) has formed a short-term bottom at $363. A move to the $390-$392 range appears likely, however the stock needs to take out the 20-day moving average first.

( click to enlarge )

Oclaro, Inc. (OCLR) performed well today, closing up 12%. Could this be the start of a rally ? If it’s, the stock got off on the right foot today.

( click to enlarge )

Today Pacific Biosciences of California … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Solar Modules For Saferay

Posted: 30 Nov 2011 02:40 PM PST

A leading player among the global solar companies, Canadian Solar Inc. (NASDAQ:CSIQ) has delivered its solar modules to saferay for an 8.5 MW power plant located in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern.
The photovoltaic system will use 36,000 CS6P-P solar modules manufactured and supplied by Canadian Solar. These modules are of high quality, reliability and have the capacity to produce clean and cheap energy. The project company saferay is about to complete the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PAY Announces Preliminary Results

Posted: 30 Nov 2011 02:35 PM PST

VeriFone Systems Inc. (NYSE:PAY), an electronic payment solutions provider, recently reported preliminary results for the fourth quarter of 2011.
The company expects revenues between $409 million and $411 million, up from its previous estimate of $395 million and $400 million.
Excluding amortization of step-down in deferred revenue on acquisition, VeriFone expects revenues between $414 million and $416 million.
Earlier in the month, VeriFone signed a definitive agreement with Nordic Capital Fund V … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon To Make Miniature Decoys

Posted: 30 Nov 2011 02:30 PM PST

Raytheon Company (NYSE:RTN) received authorization from the U.S. Air Force to begin Low Rate Initial Production ("LRIP") of its Miniature Air Launched Decoy Jammer ("MALD-J") variant. Concurrently, the Air Force also exercised a contract option and Raytheon received a $5 million order to convert Lot 4 MALD production of the baseline to the MALD-J variant.
MALD is a high-tech, low-cost flight vehicle that is modular, air-launched and programmable. It weighs less than 300 pounds and has a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota Bringing Prius PHV

Posted: 30 Nov 2011 02:20 PM PST

Toyota Motor Corp. (NYSE:TM) has started taking orders for its much awaited plug-in version of Prius hybrid car that comes with an excellent mileage and affordable price. The automaker will start delivering the plug in hybrid vehicle (PHV) from January next year in Japan.
A PHV shares the characteristics of both a conventional hybrid electric vehicle (which includes an electric motor and an internal combustion engine) and an all-electric vehicle, having a plug to connect to the electrical grid for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Seeds Hedge Funds

Posted: 30 Nov 2011 02:05 PM PST

According to the Wall Street Journal, New York based-The Goldman Sachs Group Inc. (NYSE:GS) has planned to invest in hedge funds. After 2008 financial crisis, Goldman has molded its way of using its capital. The bank has pooled funds of $600 million from its clients, which included pension funds, wealthy families and large institutions to create a new fund.
Goldman plans to use the new fund for providing start-up money to hedge-fund managers varying from 8 to 10 new hedge funds. Moreover, in each … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prosecutions Of Financial Frauds At 20 Year Low

Posted: 30 Nov 2011 02:02 PM PST

I am not surprised to learn that financial frauds are being prosecuted at a rate which puts them at a 20 year low.
When the "truth is confined to secretive, fearful whispers" as I highlighted in my commentary the other day, then those who profit from the accompanying lack of transparency and integrity will swing for the fences. In fact, that is exactly what the financial services industry did for a protracted period. They are fighting tooth and nail to maintain that status quo.
The lax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Almost A Million Xbox 360′s Sold On Black Friday Week

Posted: 30 Nov 2011 02:00 PM PST

11/30/11 Microsoft announced that it had its biggest sales week in Xbox history during the week of Black Friday by selling more than 960,000 consoles in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OmniVision Sinks On Dismal Outlook

Posted: 30 Nov 2011 01:55 PM PST

OmniVision Technologies' (NASDAQ:OVTI) earnings of 25 cents for the fiscal second quarter (ending October 2011) were in line with the Zacks Consensus Estimate. Shares plunged 11.53% regardless, as earnings were significantly lower than both the previous and year-ago quarters.
OmniVision's results were impacted by a major cutback in orders from some important customers in the consumer segment. Moreover, guidance was significantly below expectations.
Total Revenue
OmniVision's reported revenue … [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: 30 Nov 2011 01:55 PM PST

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

EUR/USD was trading at 1.3446, up 0.99% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3532, today's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equinix Serves NScaled

Posted: 30 Nov 2011 01:50 PM PST

Data center provider Equinix Inc. (NASDAQ:EQIX) recently made an announcement that the cloud infrastructure provider nScaled has started using the Equinix International Business Exchange (IBX) data centers in London and Ashburn. The company is expected to deliver its hybrid cloud and disaster recovery services to customers.
This apart, nScaled has also opened a storefront, where it is using the Equinix Marketplace to promote and sell its services to the more than 4,000 potential customers that are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Seagate Shares Climb On Upbeat View

Posted: 30 Nov 2011 01:50 PM PST

Seagate Technologies plc's (NASDAQ:STX) shares are trading higher these days on better-than-expected revenue guidance for both the December and March quarters. Recently, the hard disk drive (HDD) manufacturer provided a financial update, indicating that shipments for December would be around 43 million units (versus the most recent guidance of 40–50 million) and revenue of roughly $2.80 billion.
The revenue guidance is far better than the Street expectation of $2.69 billion. The gross margin is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FCG, FNI

Posted: 30 Nov 2011 08:50 AM PST

Weekly update on the First Trust ISE Revere Natural Gas Index Fund and the First Trust ISE Chindia Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What A Day! Dow Jumps Most Since March 2009

Posted: 30 Nov 2011 08:45 AM PST

11/30/11 NYFP’s Closing Bell Report: As central banks took action on Europe’s debt crisis, the DJIA jumped to post a more than 4% gain on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Big Lots

Posted: 30 Nov 2011 01:40 PM PST

Big Lots Inc. (NYSE:BIG), a broad line closeout retailer in the United States, is slated to report its third-quarter 2011 financial results before the opening bell on Friday, December 2, 2011. The current Zacks Consensus Estimate for the quarter is 10 cents a share. For the quarter to be reported, the Zacks Consensus Estimate for revenue is $1,120 million.
Second-Quarter 2011, a Synopsis
On August 25, 2011, Big Lots posted better-than-expected second-quarter 2011 results. The quarterly earnings of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Approach On Visa

Posted: 30 Nov 2011 01:30 PM PST

While Visa Inc. (NYSE:V) came out firm from its fiscal 2011, we reiterated our Neutral recommendation on the stock based on the cautious growth outlook for fiscal 2012 amid regulatory challenges.
Visa's fiscal fourth quarter 2011 (ended September 30, 2011) operating earnings of $1.27 per Class A common share were triple pennies ahead of the Zacks Consensus Estimate. Results also substantially exceeded $1.06 per share reported in the year-ago quarter on lower share count. GAAP net income for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Patterson Co.

Posted: 30 Nov 2011 01:20 PM PST

Patterson Companies (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, posted tepid second-quarter fiscal 2012 results with both revenues and earnings trailing the Zacks Consensus Estimates.
Second Quarter Highlights
Profit for the quarter dipped roughly 8% year over year on account of costs associated with the company's Employee Stock Ownership Plan ("ESOP"). Revenues were essentially flat year over year at $856.9 million.
Sales from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Record FY11 For Beacon Roofing

Posted: 30 Nov 2011 01:20 PM PST

Beacon Roofing Supply Inc. (NASDAQ:BECN) reported record adjusted EPS of 56 cents in the fourth quarter of fiscal 2011, ahead of the Zacks Consensus Estimate of 53 cents and a remarkable improvement of 51% over the prior year quarter’s EPS of 37 cents.
Reported EPS excluded a tax benefit, including which the EPS in the quarter stood at 67 cents compared with 37 cents in the year-ago quarter.
Higher sales leading to elevated gross margins, coupled with lower interest expense, benefited the quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 4.24%

Posted: 30 Nov 2011 01:15 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 4.24%, the S&P 500 index gained 4.33%, while the Nasdaq 100 index climbed 3.79%.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month whose figure was revised up from 110K.

Analysts had expected U.S. non-farm employment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive USpella Data From Abiomed

Posted: 30 Nov 2011 01:05 PM PST

Massachusetts-based cardiac assist devices maker Abiomed (NASDAQ:ABMD) reported encouraging clinical data from the prophylactic use of its Impella 2.5 cardiac pumps in complex coronary interventions.
Results from the company's USpella multi-center observational registry, published in the December edition of the Catheterization and Cardiovascular Interventions Journal, showed that patients receiving percutaneous revascularization with Impella 2.5 support achieved a statistically significant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nexen Inks JV With INPEX

Posted: 30 Nov 2011 12:59 PM PST

Canadian oil and gas company Nexen Inc. (NYSE:NXY) entered into a strategic agreement with Japanese energy giant INPEX CORPORATION for the development of shale gas fields in northeast British Columbia. Although, as a part of the deal, Nexen will sell 40% working interest in the assets, it will still act as the operator.
The divested stake of the joint venture will be controlled by INPEX Gas British Columbia Ltd. that is jointly established by INPEX (82%) and JGC Corporation (18%). The disposition … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 30 Nov 2011 12:55 PM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

GBP/USD was trading at 1.5700, up 0.66% at time of writing.

The pair was likely to find support at 1.5424, Friday's low, and resistance at 1.5780, today's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FCG, FNI

Posted: 30 Nov 2011 12:50 PM PST

Weekly update on the First Trust ISE Revere Natural Gas Index Fund and the First Trust ISE Chindia Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Wins CA Gov’t Deal

Posted: 30 Nov 2011 12:30 PM PST

The outsourcing and consulting major, Accenture Inc. (NYSE:ACN) recently won a nine-year contract from the California Department of Consumer Affairs to develop and implement a licensing and enforcement system, known as BreEZe. This is expected to help the government department maintain its day-to-day operation and functioning.
This new system is expected to facilitate the licensing and enforcement system of the company. It will be used mainly for protecting and serving consumers. The system would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 30 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

USD/CHF was trading at 0.9127, down 0.89% at time of writing.

The pair was likely to find support at 0.9066, today's low, and resistance at 0.9330, Friday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTE Energy To Trim Debt

Posted: 30 Nov 2011 12:20 PM PST

DTE Energy Company (NYSE:DTE) with a view to trim its debt level announced that it would redeem $280 million of hybrid security on December 29, 2011. The hybrid securities are Trust Originated Preferred Securities possessing characteristics of both equity and debt. DTE Energy earlier issued the securities by creating trusts and issuing debt to them, while the trust issues the trust preferred securities.
Of the $280 million, $180 million was issued by its affiliate DTE Energy Trust I due February … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 30 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 ADP Nonfarm Employment Change.

USD/CAD was trading at 1.0195, down 1.23% at time of writing.

The pair was likely to find support at 1.0124, today's low, and resistance at 1.0523, Friday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Why Does A NYC Taxi Medallion Cost $1 Million?

Posted: 30 Nov 2011 12:09 PM PST

In case it’s not obvious, this podcast from Planet Money answers the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thermo Fisher Retained At Neutral

Posted: 30 Nov 2011 12:05 PM PST

Recently, we reiterated our Neutral recommendation on Thermo Fisher Scientific (NYSE:TMO) with a target price of $47.00.
Thermo Fisher continues to be focused on effectively deploying its cash balance to create value through share buybacks and suitable acquisitions. Significant acquisitions include that of Dionex Corporation and Phadia. The former brings in ion and liquid chromatography portfolio while the latter is a leading player in allergy and autoimmunity diagnostics.
Thermo Fisher is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 30 Nov 2011 11:45 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

EUR/USD was trading at 1.3441, up 0.95% at time of writing.

The pair was likely to find support at 1.3213, Friday's low, and resistance at 1.3532, today's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “Fantastic US Data Sustaining Rally”

Posted: 30 Nov 2011 11:30 AM PST

11/30/11 Meridian Equity Partners’ Stephen Guilfoyle discusses the coordinated central bank move and rally in financial shares. The near-term forecast for crude oil prices are weighed along with geopolitical concerns over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 30 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

AUD/USD was trading at 1.0252, up 2.52% at time of writing.

The pair was likely to find support at 0.9668, Friday's low, and resistance at 1.0329, today's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 206K last month, from 130K in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, December 1, 2011

Posted: 30 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, December 1, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0282
+ 2.78
1.0018
0.9795

Bullish

EURUSD – Euro / US Dollar
1.3445
+ 0.97
1.3363
1.3338

Bullish

GBPUSD – British Pound / US Dollar
1.5705
+ 0.72
1.5587
1.5551

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0181
− 1.32
1.0300
1.0420

Bearish

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

The Trend Trader For Futures Trading On Thursday, December 1, 2011

Posted: 30 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, December 1, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1246.00
+ 4.14
1202.33
1170.00

Bullish

Dow Jones – Dec YMZ1
12034
+ 4.06
11612
11347

Bullish

Nasdaq – Dec NQZ1
2295.00
+ 3.73
2230.86
2175.75

Bullish

Russell – Dec TFZ1
736.70
+ 5.79
702.72
680.33

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
141-12
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, December 1, 2011

Posted: 30 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, December 1, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.02
+ 7.63
9.57
9.14

Bullish

AXP – American Express Company
48.04
+ 5.47
46.48
45.36

Bullish

BA – Boeing Co
68.69
+ 5.26
66.19
63.78

Bullish

BAC – Bank of America Corporation
5.44
+ 7.09
5.26
5.32

Bullish

CAT – Caterpillar Inc
97.88
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, December 1, 2011

Posted: 30 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, December 1, 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
109.38
− 0.26
109.49
109.68

Bearish

BND – Vanguard Total Bond Market ETF
83.36
− 0.22
83.48
83.67

Bearish

DBC – DB Commodity Index Tracking Fd
27.64
+ 1.17
27.32
26.87

Bullish

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

Daily Indices Update: Spain 35 (ES35)

Posted: 30 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Spain 35 (ES35) index CFD broke out over the resistance line of a channel down chart pattern on the 240-minute chart, setting up the possibility of a near-term rally into the Autochartist forecast price zone at 8592.52 to 8797.65.

The quality of the chart pattern is 6-bars. The initial trend which measures the strength of the trend prior to the chart pattern's formation is also 6-bars indicating a weak, but trending market. The initial trend is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 30 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The FTSE 100 soared to the upside as central banks pumped liquidity into the markets. The vertical move in the index was triggered mostly by short-covering, but the inability to even mount a serious intraday reversal to the downside was a sign that a firm bid was also supporting the rally.
Technically the upside momentum was impressive as was the volatility. Based on the last break from 5747.30 to 5075.20, the first upside target was the retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Platinum

Posted: 30 Nov 2011 02:03 AM PST

By ForexMansion.com
By Jonah S. Ford
Platinum futures exploded higher alongside a very bullish trend reversal in the precious metals complex. The massive rally in the stock market sent short sellers scrambling for cover as the prospects for a recovery in the financial markets brightened, giving the metals a high-momentum lift. This move in platinum established a clear technical breakout on the Autochartist platform's 240-minute chart analysis.

The breakout above $1,550 per ounce triggered a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Return Of The Comandante’s Gold

Posted: 29 Nov 2011 10:00 PM PST

Back in August, we discussed the precarious proclamation that Venezuelan President Hugo Chavez was shipping his country's gold reserves home for safekeeping. On Friday, we learned Chavez's chosen transportation method for "Operation Gold" was through the air after the first shipments arrived to much fanfare in Venezuela. Reuters* described the scene:
Excited crowds lined the roadside waving big Venezuelan flags chanting 'It's returned! It's returned' as a convoy of soldiers and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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