DailyMarkets.com - Monetary Policy Week In Review – 19 Nov 2011

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• Monetary Policy Week In Review – 19 Nov 2011
• Merge Upgraded To Neutral
• MON’s Genuity VT Gets EPA Nod
• SK Telecom Fixed At Neutral
• UBS Plans Growth Path
• Stocks To Keep An Eye On Next Week
• BofA Redeeming Step-Coupon Notes
• Earning Scorecard: Comcast
• Earnings Preview: Tech Data
• Variable-Annuity Sales Improve
• VW Passat Named Motor Trend Car Of The Year
• Stop The Austerity Train Wreck!   The Biggest Question Right…
• Waste Management Upped To Neutral
• Forex – EUR/USD Up At The End Of U.S. Session
• Forex – GBP/USD Up At The End Of U.S. Session
• Forex – USD/JPY Down At The End Of U.S. Session
• Digital River-Panasonic Team Up
• Déjà Vu All Over Again
• Earnings Preview: Turkey, With Data Stuffing
• Marathon Sheds Burns Point Unit
• Wild Week Ends With A Dow Gain
• Essex Property Closes Term Loan
• Leading Index Rebounds To Record High In Oct.
• RLI Adds To Shareholders’ Worth
• Canadian National Still Neutral
• National Bank Of Rwanda Lifts Rate 50bps To 7.00%
• AutoNation Seeks New Credit Line
• Johnson Controls Raise Dividend
• Central Bank Of Latvia Holds Refinancing Rate At 3.50%
• Interesting Fact Of The Day: Busiest Seaports
• Belarus Central Bank Increases Rate 500bps To 40.00%
• Union Pacific Raises Dividend
• AstraZeneca Releases Full SATURN Data
• Forex – GBP/USD Up During The U.S. Session
• Forex – USD/JPY Down Toward The End Of U.S. Session
• ACE Boosts Shareholders’ Return
• H&R Block Halts TaxACT Buy
• Williams Companies Raises Payout
• Central Bank Of Sri Lanka Holds Rate At 7.00%
• Nat Gas Brings Economic Boom And Hope To Ohio
• Forex – EUR/USD Up Toward The End Of U.S. Session
• Medtronic To Shed Physio-Control
• AK Steel Raises Prices
• Forex – USD/CAD Down In U.S. Trade
• U.S. Bank Exposure To Europe: De Minimus
• Forex – EUR/USD Up In U.S. Trading Hours
• Forex – AUD/USD Up In U.S. Trade
• Tarsus Performance Boosted By Successful Dubai Airshow
• The Trend Trader For ETF Trading On Monday, November 21, 2011
• The Trend Trader For Stock Trading On Monday, November 21, 2011
• The Trend Trader For Forex Trading On Monday, November 21, 2011
• The Trend Trader For Futures Trading On Monday, November 21, 2011

Monetary Policy Week In Review – 19 Nov 2011 Posted: 18 Nov 2011 03:43 PM PST The past week in monetary policy saw just 6 central banks announcing interest rate decisions. Of those to change interest rates, Rwanda increased 50bps to 7.00%, while Belarus added 500bps to 40.00% as the country deals with hyperinflation.  Those that held rates unchanged were: Japan 0-0.10%, Chile 5.25%, Sri Lanka 7.00%, and Latvia 3.50%.  Elsewhere Argentina dropped dollar reserve requirements, and the World Gold Council announced record buying of gold by central banks. Following … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merge Upgraded To Neutral Posted: 18 Nov 2011 03:20 PM PST Recently we have upgraded Merge Healthcare (NASDAQ:MRGE) to Neutral with a target price of $5.50. Merge reported adjusted EPS of 6 cents in the third quarter of fiscal 2011, surpassing the prior-year quarter level of 4 cents. The company also registered a 33% year-over-year increase in total sales during the reported quarter on the back of solid performance across all the segments. Alongside, the company's successful product innovation and cross-selling efforts resulted in the achievement of $3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MON’s Genuity VT Gets EPA Nod Posted: 18 Nov 2011 03:15 PM PST Monsanto Company's (NYSE:MON) Genuity® VT Double PRO® RIB Complete™ has recently received registration from the U.S. Environmental Protection Agency (EPA), completing federal regulatory authorization in the United States. This single-bag refuge solution is expected to help farmers in the US corn-belt simplify the planting process while protecting the crops from pests with the guarantee of overall refuge compliance for the crops. Monsanto was the first in the industry to offer farmers a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SK Telecom Fixed At Neutral Posted: 18 Nov 2011 03:10 PM PST We are maintaining our long-term Neutral rating onthe leading South Korean telecom operator SK Telecom Corp Ltd (NYSE:SKM) following its third quarter results. Despite the strong smartphone adoption, third quarter net income dropped because of higher investments. SK Telecom continues to invest heavily to upgrade its network and expand its 3G and 4G networks to take advantage of the growing popularity of its smartphones. SK Telecom plans to invest KRW 1 trillion ($890 million) over three years … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UBS Plans Growth Path Posted: 18 Nov 2011 03:10 PM PST On Thursday, Swiss Bank, UBS AG (NYSE:UBS) held its Investors Day in New York. On the day, the company came up with some targets to be achieved in the long term which reflected its growth strategies. Among others, the company announced its plan to scale down several businesses and cut nearly 2,000 jobs. Moreover, the bank plans to concentrate more on its wealth management business. The bank intends to inflate its premier wealth management franchise to boost its growth in future. UBS expects annual … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks To Keep An Eye On Next Week Posted: 18 Nov 2011 02:53 PM PST  ( click to enlarge ) Hansen Medical, Inc. (NASDAQ:HNSN) broke out today and I am looking for a continuation move on Monday. Heavy volume came in as HNSN broke through its resistance level of $2.32. From the technical chart it looks like the stock is ready for another rally as %K line is on top of %D line indicating buy signal. In addition, the stock is back above 13-day moving average again, another positive sign.   ( click to enlarge ) The stock had a nice move closing the day at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Redeeming Step-Coupon Notes Posted: 18 Nov 2011 02:50 PM PST On Thursday, Bloomberg reported that Bank of America Corporation (NYSE:BAC) is in the process of redeeming step-coupon notes having maturity value of $3.698 million. The notes, having their maturity date on February 15, 2014, command a full redemption price. Apart from BofA, a few other banks including Barclays Plc (NYSE:BCS) and Morgan Stanley (NYSE:MS) have also started redeeming variable notes this week. Barclays started the process of redemption of variable notes due 2021, with the maturity value of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: Comcast Posted: 18 Nov 2011 02:35 PM PST Comcast Corp. (NASDAQ:CMCSA) delivered disappointing third quarter 2011 results. The company suffered huge video subscriber losses, which in turn affected the company's performance in the reported quarter. Third Quarter Highlights Total revenue in the third quarter of 2011 came in at $14,339 million, up 51.1% year over year and ahead of the Zacks Consensus Estimate of $14,220 million. Both Cable Communications and NBC Universal segments contributed to the solid revenue growth. GAAP net income for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Tech Data Posted: 18 Nov 2011 02:30 PM PST Information Technology products distributor Tech Data Corp. (NASDAQ:TECD) is slated to release its third quarter 2012 results before the opening bell on November 21, 2011. Given the current volatility in Europe, which is a key market for Tech Data, (approximately 60.0% of revenue) and disruptions at its largest revenue contributor Hewlett-Packard Corp. (NYSE:HPQ), we expect sluggish top-line and bottom-line performance for the quarter. Prior-Quarter Recap In the second quarter of fiscal 2011, Tech Data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Variable-Annuity Sales Improve Posted: 18 Nov 2011 02:20 PM PST The third quarter has seen a higher sale of variable annuity (VA) products, led by increased demand from consumers for guaranteed lifetime income. This reflects that the current uncertain market condition is compelling risk averse Americans to look for products that would provide them stable and assured returns. VA are contracts that accumulate funds and pay out a variable income stream. Premium in a variable annuity product is invested in a fund similar to a mutual fund and the amount to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VW Passat Named Motor Trend Car Of The Year Posted: 18 Nov 2011 02:15 PM PST 11/18/11 Motor Trend Magazine announced Friday that the 2012 Car of the year award has been awarded to Volkswagen’s Passat, which beat out 55 other cars … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stop The Austerity Train Wreck!   The Biggest Question Right… Posted: 18 Nov 2011 02:12 PM PST Stop the Austerity Train Wreck!   The biggest question right now on Planet Washington is whether the congressional supercommittee will reach an agreement.   That's the wrong question. Agreement or not, Washington is  on the road to making budget cuts that will slow the economy, increase unemployment, and impose additional hardship on millions of Americans.   The real question is how to stop this austerity train wreck, and substitute the following:   FIRST: no cuts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waste Management Upped To Neutral Posted: 18 Nov 2011 02:10 PM PST We have upgraded our recommendation on Waste Management Inc. (NYSE:WM) from Underperform to Neutral. The company is the largest provider of comprehensive waste management services in North America. Waste Management recorded a 15% increase in EPS to 63 cents in the third quarter from 55 cents in the year-ago quarter. Revenues increased 9% to $3.52 billion. Both results beat Zacks Consensus Estimates. Waste Management recently acquired Oakleaf Global Holdings and its primary operations for $425 … [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: 18 Nov 2011 02:10 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3525, up 0.50% at time of writing. The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8558 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up At The End Of U.S. Session Posted: 18 Nov 2011 02:05 PM PST Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5806, up 0.33% at time of writing. The pair was likely to find support at 1.5691, Thursday's low, and resistance at 1.6092, Monday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8558 and GBP/JPY rising 0.22% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down At The End Of U.S. Session Posted: 18 Nov 2011 02:00 PM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 76.90, down 0.11% at time of writing. The pair was likely to find support at 76.58, today's low, and resistance at 77.50, Tuesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.50% to hit 1.3525 and GBP/USD rising 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Digital River-Panasonic Team Up Posted: 18 Nov 2011 01:55 PM PST E-commerce solutions provider Digital River, Inc. (NASDAQ:DRIV) recently extended its U.S. e-commerce agreement with Tv maker Panasonic. Under the new agreement, Digital River will support Panasonic's VIERA Connect Market Expansion into the European continent. Based on the new agreement, Digital River is supporting purchases made via the VIERA Connect Market in twenty seven European countries, including Austria, Belgium, Estonia, France, Germany, Greece, Ireland, Italy, Spain, Sweden and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Déjà Vu All Over Again Posted: 18 Nov 2011 01:55 PM PST Sound familiar? [italics mine] “Europe Strains Global Markets” (Wall Street Journal) Global markets are showing some signs of stress not seen since the 2008 financial crisis amid alarm at the expansion of Europe’s debt troubles. Strains appeared on both sides of the Atlantic. The cost for European banks to swap euros for dollars climbed to levels last seen in late 2008. Pressure also was felt in the U.S., where higher funding costs were registered in markets for commercial paper, interbank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Turkey, With Data Stuffing Posted: 18 Nov 2011 01:50 PM PST Earnings Preview 11/18/11 There will only be a handful of firms reporting next week as the third quarter reporting season is almost over. A total of 70 firms are scheduled to report, including 8 of the S&P 500. The firms reporting next week include: Analog Devices (NYSE:ADI), Campbell Soup (NYSE:CPB), Deere (NYSE:DE), Hewlett-Packard (NYSE:HPQ), Medtronic (NYSE:MDT) and Tyson Foods (NYSE:TSN). It will be effectively a short week, so all the data is jammed into the first three days. There is enough to keep … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marathon Sheds Burns Point Unit Posted: 18 Nov 2011 01:50 PM PST Marathon Oil Corporation (NYSE:MRO) has agreed to sell its 50% interest in the Burns Point Gas Plant to American Midstream Partners, L.P. (AMID). The deal will be executed through the wholly owned subsidiary – Marathon Oil Company – and will fetch $38 million in cash. Located in St. Mary Parish, Burns Point is a cryogenic processing plant with a capacity of about 165 million cubic feet per day. The unit is co-owned by Enterprise Gas Processing LLC – an affiliate of Enterprise Products … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wild Week Ends With A Dow Gain Posted: 18 Nov 2011 08:50 AM PST 11/18/11 NYFP’s Closing Bell Report: The Big Board closed the week in the green following ongoing debt talks in both Europe and Washington, while economic data did … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Essex Property Closes Term Loan Posted: 18 Nov 2011 01:40 PM PST Essex Property Trust, Inc. (NYSE:ESS), a fully integrated real estate investment trust (REIT), recently announced the closing of a unsecured term loan worth $200 million. The loan has a time period of 5 years and also comes with an option of increasing the amount of the loan to $300 million. The term loan has a variable interest rate of 142.5 basis points over LIBOR. The company expects to utilize the proceeds from the loan to retire the $250 million Freddie Mac secured facility. Additionally, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Leading Index Rebounds To Record High In Oct. Posted: 18 Nov 2011 01:33 PM PST The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.9 percent in October to 117.4, following  increases of a 0.1 percent in September and 0.3 percent in August (see chart above). Says Ataman Ozyildirim, economist at The Conference Board: "The October rebound of the LEI — largely due to the sharp pick-up in housing permits — suggests that the risk of an economic downturn has receded. Improving consumer expectations, stock markets, and labor market indicators … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RLI Adds To Shareholders’ Worth Posted: 18 Nov 2011 01:30 PM PST To return more value to the shareholders, the board of directors of RLI Corp. (NYSE:RLI) will pay a special dividend of $5.00 per share. Concurrently, the board has also authorized a regular dividend of 30 cents per share. Both the special dividend as well as the regular dividend will be paid on December 20, 2011 to shareholders of record as of November 30, 2011. The decision to authorize a special dividend came on the back of the company's strong capital position and strength in business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian National Still Neutral Posted: 18 Nov 2011 01:25 PM PST The positive pricing environment coupled with modest volume gains has significantly aided Canadian National Railway Company's (NYSE:CNI) financial performance in the third quarter and we expect the trend to continue. However, we believe Canadian National's industry leading operating ratio will remain challenged in the fourth quarter and beyond by rising fuel prices, increased depreciation charges, unfavorable currency translation, higher taxation and a competitive railroad market in Northern … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Rwanda Lifts Rate 50bps To 7.00% Posted: 18 Nov 2011 01:21 PM PST The National Bank of Rwanda increased its key repo rate 50bps to 7.00% from 6.50% previously, with the interbank interest rate corridor changing to 4.50-8.50% and the discount rate now 10.50%.  Bank Governor, Claver Gatete, said: “Rwanda’s macroeconomic stability. The financial sector is sound and resilient to external shocks, the inflation remains moderate, the currency is stable and this has contributed to high economic growth expected to reach 8.8% by the end of the year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AutoNation Seeks New Credit Line Posted: 18 Nov 2011 01:15 PM PST AutoNation Inc. (NYSE:AN) recently announced that it is in discussion with its lenders for a new credit agreement. The new credit agreement, if approved, will replace the company's existing credit agreement, including a term loan and revolving credit line due 2012 and 2014, respectively. The proposed credit agreement will enable the company to obtain almost $1.5 billion in new credit, reflecting an increase of about $328 million over the company’s existing credit agreement. The funds will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnson Controls Raise Dividend Posted: 18 Nov 2011 01:05 PM PST Johnson Controls Inc. (NYSE:JCI) announced that its board of directors approved a hike in quarterly cash dividend from 16 cents to 18 cents per share. The next dividend will be paid on January 3 to shareholders of record as of December 9. The manufacturer of automotive, building and power systems last raised its dividend by 3 cents to 16 cents per share in the first quarter of its fiscal year ended December 31, 2010. Before that, the company had been paying dividend of 13 cents per share since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Latvia Holds Refinancing Rate At 3.50% Posted: 18 Nov 2011 01:04 PM PST Latvijas Banka held its main monetary policy interest rate, the refinancing rate, unchanged at 3.50%, and held its other interest rates unchanged.  The Bank said: “As the global prices of energy resources and food are stabilizing and assuming that the Government will refrain from raising any taxes, a substantial drop in inflation can be predicted for next year. Domestic demand is growing slowly and represents no risk of rising prices; moreover it is becoming likely that economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interesting Fact Of The Day: Busiest Seaports Posted: 18 Nov 2011 12:57 PM PST Of the world’s top 12 busiest container seaports in 2010, 10 are in Asia and 7 are in China.   Update: Josh Barro counts 11 countries in Asia, if you include the UAE.  In that case I stand corrected.  In these International Macroeconomic databases from the USDA, they classify UAE in the “Middle East,” and not in the “Asia and Oceania”  group.  Comments … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Belarus Central Bank Increases Rate 500bps To 40.00% Posted: 18 Nov 2011 12:54 PM PST The National Bank of the Republic of Belarus raised its refinancing rate by 500 basis points to 40.00% from 35.00%.  The Bank said [translated]: “Another increase in the refinancing rate and interest rates on liquidity management operation is a sequential step to curb inflation and stabilize the economy and financial sector in general. Dunn’s measure will also support renewed growth in recent months Urgent rubles deposits in banks and stabilize inflation expectations in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Union Pacific Raises Dividend Posted: 18 Nov 2011 12:50 PM PST Union Pacific Corp. (NYSE:UNP), the largest class 1 freight railroad operator in the U.S., has decided to increase its shareholders' wealth. Yesterday, the Board of Directors of Union Pacific have authorized to raise its quarterly dividend rate by over 26% to 60 cents per share from the existing level of 47.5 cents per share. The increased dividend will be paid on January 2, 2012 to stockholders of record as of November 30, 2011. As per management, huge free cash flow along with fairly bright … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AstraZeneca Releases Full SATURN Data Posted: 18 Nov 2011 12:50 PM PST AstraZeneca (NYSE:AZN) recently announced full results from its phase IIIb SATURN (Study of Coronary Atheroma by InTravascular Ultrasound: Effect of Rosuvastatin Versus AtorvastatiN), which evaluated the efficacy of Crestor vs. Pfizer's (NYSE:PFE) Lipitor (atorvastatin) on atherosclerotic disease burden as measured by IVUS in patients with coronary artery disease. Negative top-line results from the trial were declared earlier on September 2, 2011. Crestor showed a statistically significant change … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up During The U.S. Session Posted: 18 Nov 2011 12:45 PM PST Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5784, up 0.19% at time of writing. The pair was likely to find support at 1.5691, Thursday's low, and resistance at 1.6092, Monday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.23% to hit 0.8562 and GBP/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 18 Nov 2011 12:40 PM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 76.90, down 0.11% at time of writing. The pair was likely to find support at 76.58, today's low, and resistance at 77.50, Tuesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.45% to hit 1.3518 and GBP/USD rising 0.23% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Boosts Shareholders’ Return Posted: 18 Nov 2011 12:35 PM PST In a concerted effort to enhance shareholders value, ACE Limited (NYSE:ACE) intends to substantially boost its dividend. The board of directors will propose a 33% increase in the quarterly dividend at the extraordinary general meeting scheduled on January 9, 2012. ACE Limited, if approved, will now pay a quarterly dividend of 47 cents ($1.88 on an annualized basis), up from 35 cents ($1.40 on an annualized basis). Previously, in February 2011, the board, announced a 6.5% increase in the quarterly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H&R Block Halts TaxACT Buy Posted: 18 Nov 2011 12:35 PM PST After a long wait, H&R Block (NYSE:HRB) is dropping its plan to acquire 2SS Holdings, Inc, developer of TaxACT digital tax preparation solutions in a  $287.5 million all cash deal according to media reports. The decision came after the federal judge  passed a ruling against it on antitrust grounds. However, H&R Block might not pay early termination penalties. The acquisition was intended to augment the company's digital tax offerings as well as performance. The company had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Companies Raises Payout Posted: 18 Nov 2011 12:35 PM PST Natural gas producer and pipeline firm The Williams Companies Inc. (NYSE:WMB) raised its quarterly cash dividend to 25 cents per share ($1.00 per share annualized), representing an increase of 25.0% over the previous payout and double the dividend distributed in December 2010. The new dividend, payable on December 27 to shareholders of record as on December 9, 2011, will cost the company an additional $29.4 million every three months. Williams has recently bolstered its long-term earnings and cash … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Sri Lanka Holds Rate At 7.00% Posted: 18 Nov 2011 12:32 PM PST The Central Bank of Sri Lanka held its benchmark repurchase rate unchanged at 7.00%, and also kept the reverse repurchase rate at 8.50%, and the Statutory Reserve Ratio at 8%.  The Bank said: “The outlook for Sri Lanka’s economy remains positive with the economy continuing along the high growth trajectory”, and “even though inflation and the inflation outlook remain benign, the Monetary Board is of the view that a change to the existing monetary policy stance is not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nat Gas Brings Economic Boom And Hope To Ohio Posted: 18 Nov 2011 12:29 PM PST HT: Mike … [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: 18 Nov 2011 12:25 PM PST Forexpros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3514, up 0.42% at time of writing. The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8559 and EUR/JPY rising 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medtronic To Shed Physio-Control Posted: 18 Nov 2011 12:20 PM PST Leading medical devices player Medtronic (NYSE:MDT) has decided to sell its Physio-Control business to Bain Capital for $487 million in cash. Physio-Control, with nearly 1,000 people employed globally, is a leading provider of emergency medical equipments such as external defibrillators to be used in the treatment of cardio-respiratory and other medical emergencies. The announcement does not come as a surprise, as the company had as early as 2006 announced its intention to divest this business. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AK Steel Raises Prices Posted: 18 Nov 2011 12:10 PM PST Effective January 1, 2011, AK Steel Holding Corporation (NYSE:AKS) will increase the base prices for all 200, 300 and 400 series flat-rolled stainless steel products. The company announced that the increase will be achieved through a reduction in the functional discount of four percentage points for cold rolled and hot rolled products. Base prices of automotive exhaust grades and bright anneal finishes will increase by $0.08 per pound.   The impact of escalating steel prices in the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 18 Nov 2011 12:10 PM PST Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on CPI. USD/CAD was trading at 1.0264, down 0.27% at time of writing. The pair was likely to find support at 1.0092, Monday's low, and resistance at 1.0303, today's high. Earlier in the day, official data showed that Consumer price inflation in Canada rose more-than-expected to a seasonally adjusted 0.2% last month from 0.2% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Bank Exposure To Europe: De Minimus Posted: 18 Nov 2011 11:48 AM PST These stats and commentary on U.S. bank exposure to European debt were provided by a friend of mine, Michael Durante, a hedge fund guy who specializes in large U.S. banks. I believe the legal term for their exposure is "de minimus." Mike also believes that large U.S. banks are WAY undervalued by the market, as do I.   "As a reminder, the U.S. mortgage market is roughly $10 trillion. –U.S. bank exposure to France (anybody in France) is roughly $200 billion or 2% of the U.S. mortgage … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours Posted: 18 Nov 2011 11:45 AM PST Forexpros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3524, up 0.49% at time of writing. The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8564 and EUR/JPY rising 0.43% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 18 Nov 2011 11:15 AM PST Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday. AUD/USD was trading at 1.0052, up 0.53% at time of writing. The pair was likely to find support at 0.9965, today's low, and resistance at 1.0336, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.05% to hit 1.3465 and AUD/JPY rising 0.38% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tarsus Performance Boosted By Successful Dubai Airshow Posted: 18 Nov 2011 06:32 AM PST Business-to-business media group Tarsus (LON:TRS) is on course to meet its financial targets this year as revenue growth from its operations in emerging markets continues to build. In an update timed to coincide with the company's flagship event, the Dubai Airshow, Tarsus said 2011 had "the hallmarks of being a record year". The all-important headline orders from this year's Dubai Airshow totalled US$63.3 billion for aircraft, maintenance services and flight training programmes – up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Monday, November 21, 2011 Posted: 18 Nov 2011 03:33 AM PST By ForexMansion.com The Trend Trader for ETFs For Trading On Monday, November 21, 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 109.62 − 0.02 109.67 109.69 Bearish BND – Vanguard Total Bond Market ETF 83.62 − 0.06 83.63 83.58 Neutral DBC – DB Commodity Index Tracking Fd 27.29 − 0.15 27.61 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 Stock Trading On Monday, November 21, 2011 Posted: 18 Nov 2011 03:33 AM PST By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Monday, November 21, 2011 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 9.69 + 0.73 9.85 9.97 Bearish AXP – American Express Company 46.88 + 0.39 47.47 47.87 Bearish BA – Boeing Co 67.46 + 2.07 66.74 67.28 Bullish BAC – Bank of America Corporation 5.78 − 0.34 5.88 5.92 Bearish CAT – Caterpillar Inc 93.93 + … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Monday, November 21, 2011 Posted: 18 Nov 2011 03:33 AM PST By ForexMansion.com The Trend Trader for Forex For Trading On Monday, November 21, 2011 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 1.0004 + 0.06 1.0054 1.0103 Bearish EURUSD – Euro / US Dollar 1.3523 + 0.50 1.3494 1.3583 Neutral GBPUSD – British Pound / US Dollar 1.5800 + 0.28 1.5774 1.5860 Neutral USDCAD – US Dollar / Canadian Dollar 1.0272 − 0.19 1.0252 1.0217 Bullish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Monday, November 21, 2011 Posted: 18 Nov 2011 03:33 AM PST By ForexMansion.com The Trend Trader for Futures For Trading On Monday, November 21, 2011 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Dec ESZ1 1214.00 − 0.06 1224.56 1227.58 Bearish Dow Jones – Dec YMZ1 11767 + 0.20 11821 11846 Bearish Nasdaq – Dec NQZ1 2249.75 − 0.82 2289.64 2291.00 Bearish Russell – Dec TFZ1 718.50 + 0.07 724.64 726.37 Bearish INTEREST RATES US T-Bond – Dec ZBZ1 142-25 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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