Wednesday, December 7, 2011

DailyMarkets.com - Forex – AUD/USD Down On Economic Data

DailyMarkets.com - Forex – AUD/USD Down On Economic Data

Forex – AUD/USD Down On Economic Data

Posted: 07 Dec 2011 04:45 PM PST

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

AUD/USD was trading at 1.0246, down 0.47% at time of writing.

The pair was likely to find support at 1.0156, Tuesday's low, and resistance at 1.0305, Wednesday's high.

Earlier in the day, official data showed that Australian employment change fell unexpectedly to a seasonally adjusted -6.3K last month from 16.8K in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Employment Change Falls Unexpectedly

Posted: 07 Dec 2011 04:40 PM PST

Forexpros – Australian employment change fell unexpectedly last month, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian employment change fell to a seasonally adjusted -6.3K, from 16.8K in the preceding month whose figure was revised up from 10.1K.

Analysts had expected Australian employment change to rise 10.6K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australian Unemployment Rate Rises Unexpectedly

Posted: 07 Dec 2011 04:40 PM PST

Forexpros – Australia's unemployment rate rose unexpectedly last month, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian unemployment rate rose to a seasonally adjusted 5.3%, from 5.2% in the preceding month.

Analysts had expected Australian unemployment rate to remain unchanged at 5.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slips On Cautious Hope For Fruitful EU Summit

Posted: 07 Dec 2011 04:25 PM PST

Forexpros – The euro slid against the dollar on Thursday, erasing earlier gains on cautious optimism that European leaders will agree on a way out of the debt crisis at a Brussels summit over the next two days despite rumblings out of Germany to the contrary.

EUR/USD hit 1.3399 during early Asian trading, dipping 0.10% and down from an earlier session high of 1.3453 and up from a low of 1.3352.

Support for the unit was seen at 1.3334, Wednesday’s low, and resistance at 1.3550, last Friday’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delta Acquires Stake In Gol

Posted: 07 Dec 2011 03:58 PM PST

12/07/11 Delta Air Lines agreed to pay $100 million to Gol Linhas Aereas Inteligentes airlines for a minority stake. The move will help Delta expand in the LatAm … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cooper Tire Upgraded To Neutral

Posted: 07 Dec 2011 03:20 PM PST

We recently upgraded our recommendation on Cooper Tire & Rubber Company (NYSE:CTB) to Neutral from Underperform. Headquartered in Findlay, Ohio, Cooper Tire manufactures and markets tires and related products. Cooper is the ninth largest tire manufacturing company in the world and is also one of the 350 large companies in America.
The company released its third quarter earnings on October 31, 2011. Cooper Tire delivered net income from continuing operations of 27 cents per share in the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

All Eyes On ECB And US Jobs

Posted: 07 Dec 2011 03:20 PM PST

12/07/11 Central banks will be in focus with the ECB and BoE rate decisions scheduled for Thursday. US jobless claims are expected to fall below the 400k … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Owns Cloud Printing Strategy

Posted: 07 Dec 2011 03:05 PM PST

Hewlett-Packard Co. (NYSE:HPQ) reportedly acquired a German cloud-based printing software developer Hiflex Software GmbH, for an undisclosed amount. Through this acquisition, the company will be adding a cloud computing platform to its Imaging and Printing segment, thus facilitating the distribution of cloud-based printing solutions.
Founded in 1991, Hiflex emerged as a software developer that automated business and technical processes in the print and media industries. Its products include HIFLEX … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PACCAR Pays Special Dividend

Posted: 07 Dec 2011 02:47 PM PST

PACCAR Inc. (NASDAQ:PCAR) announced that it will pay a special cash dividend of 70 cents per share in addition to the regular quarterly cash dividend of 18 cents per share due to the robust increase in profit during the third quarter of the year and a healthy cash flow.
The special dividend is payable on January 5, 2012 to stockholders of record as of December 19, 2011 while the regular dividend is payable on March 5, 2012 to stockholders of record on February 17, 2012.
PACCAR pays dividend to its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aerospace Upside Story

Posted: 07 Dec 2011 02:40 PM PST

The tide for commercial aerospace appears to have turned, as the global economy continues to recover. Both airline traffic and new aircraft orders have significantly recovered from their recession lows. Therefore, the stocks dealing with aerospace and defense products should be a good pick at least for the next couple years.
Aerospace companies see continued growth in their backlog, with the industry now expected to grow in the mid-single-digit rate. However, the past decade has seen a much … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Contrarians On The Rise?

Posted: 07 Dec 2011 02:37 PM PST

Cusick’s Corner
This is one of those markets where the inner contrarian in us starts to creep in and ask, “Is everyone just too bullish?” We are at a fork in the road and many traders have to make a move in the next few days. This is where the shorts are covering and the longs are now looking into the abyss called Europe, so now we wait for news out from across the pond. Some might think that I am a little unbalanced but we have stocks up, bonds down and VIX up. If you are long and you did not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Continue To Trade In A Sideways Channel.

Posted: 07 Dec 2011 02:36 PM PST

usd/sgd continue to trade in a sideways channel not giving any real … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prudential Sheds Non-Core Biz

Posted: 07 Dec 2011 02:30 PM PST

On Wednesday, Prudential Financial Inc. (NYSE:PRU) announced the sale of its real estate brokerage and relocation services business, Prudential Real Estate and Relocation Services (PRERS), to Brookfield Asset Management, Inc. The deal, which was closed on the day of announcement, valued at $110 million.  
Prudential, the second largest life insurer in U.S., has taken such action as part of its initiative to reshape business by divesting units which lie beyond its core competencies. It is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCI Building Cuts 4Q Losses

Posted: 07 Dec 2011 02:20 PM PST

NCI Building Systems Inc.'s (NYSE:NCS) adjusted loss for the fourth quarter of fiscal 2011 ending October 31 of 11 cents was substantially narrower than the Zacks Consensus Estimate of a loss of 32 cents. The company also fared better than the year-ago quarter's loss of 72 cents.
Including the effect of the convertible preferred stock’s beneficial conversion feature, restructuring charges, asset impairment charges and other one-time items, the company reported a net loss per share of 24 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Thursday, Dec 08

Posted: 07 Dec 2011 02:20 PM PST

( click to enlarge )

Today’s chart of the day is Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI). What I like about this stock is the relative performance it has exhibited in the last few weeks with respect to the overall markets. The stock chart pattern continued its bullish fervour today, making another new high of $15.09. Looking at the technical chart the slow stochastic and MACD continued to move up in the overbought zone. The RSI moved sideways above the 70% level. All three EMAs are moving up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Samsung’s Foray Into Biologics

Posted: 07 Dec 2011 02:10 PM PST

We usually associate Samsung with electronic products. However, Samsung is working on making a name for itself in the biopharmaceutical world as well. In May 2010, the company had declared the biopharmaceutical sector as one of five new strategic businesses that would lead the group's future growth. At that time, Samsung committed to invest KRW 2.1 trillion (approximately $2 billion) in biopharmaceuticals by 2020.
In keeping with this goal, Samsung Electronics Co., Ltd. (SSNLF), and its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AAR Grabs Telair And Nordisk

Posted: 07 Dec 2011 02:10 PM PST

AAR Corp. (NYSE:AIR) recently completed the acquisition of Telair International GmbH (Telair) and Nordisk Aviation Products, AS (Nordisk) from Teleflex Incorporated (NYSE:TFX).
On October 21, 2011, AAR CORP. had signed a definitive agreement to purchase Telair and Nordisk from Teleflex Incorporated for $280 million.
Telair is a leader in the design, manufacture and support of cargo loading systems for wide-body and narrow-body aircraft. Telair provides standard container-based systems for Airbus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh & McLennan Intact At Neutral

Posted: 07 Dec 2011 02:05 PM PST

We have reiterated our Neutral recommendation on Marsh & McLennan Cos. Inc. (NYSE:MMC) based on the current sustainability factor. Marsh & McLennan reported its third quarter operating earnings per share of 24 cents, which came in line with the Zacks Consensus Estimate, but was lower than 27 cents reported in the year-ago quarter.
Marsh & McLennan posted improved results on account of top-line growth in all lines of businesses that also drove the operating margin. Most of these upsides … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Rises On IMF Loan Reports

Posted: 07 Dec 2011 09:00 AM PST

12/07/11 NYFP’s Closing Bell Report: The Big Board rose this session amid optimism that European leaders will announce greater efforts to halt the debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enbridge Adds Capacity At North Dakota

Posted: 07 Dec 2011 01:59 PM PST

Enbridge Energy Partners LP (NYSE:EEP) has drawn up a $145 million investment plan to enhance its facility at North Dakota. Per the plan, the partnership will expand its crude oil capacity and add a rail car loading facility to absorb additional volume.
The pipeline operator will augment the holding capacity at the Berthold terminal by 80,000 barrels per day. The other plan includes a double-loop unit-train facility, oil tanks and other terminal facilities next to its existing facilities.
Enbridge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tesoro To Push Up Refinery Capacity

Posted: 07 Dec 2011 01:59 PM PST

Tesoro Corporation (NYSE:TSO) announced plans to expand crude oil throughput capacity by about 7% at the Salt Lake City, Utah refinery. In this regard, the company will burn up approximately $180 million.
With this move, Tesoro will be able to boost the throughput of transportation-advantaged black wax and yellow wax crude oil to 21 million barrels per day (mbpd), reflecting an increase of over 100%. The project will also be involved in the conversion of unit upgrades that will lead to a nearly 3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recent Radio Interview With Jeb On Rare Earths, Uranium And The US Deficit Crisis

Posted: 07 Dec 2011 01:51 PM PST

Listen to Jeb's interview today with The Financial Survival Network on 1490 WGCH Greenwich, CT hosted by Kerry Lutz by clicking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


This posting includes an audio/video/photo media file: Download Now

Regal Beloit Sells Assets

Posted: 07 Dec 2011 01:40 PM PST

Regal Beloit Corporation (NYSE:RBC) recently entered into an agreement to sell the assets of the Richmond Gear division to Midwest Truck and Auto Parts, Inc. for an undisclosed amount.
Located in Liberty, South Carolina, Richmond Gear manufactures and distributes ring & pinions, transmissions and traction control devices for the Racing, Hi-Performance and Off-Road aftermarkets. Meanwhile, Regal will also sell Powertrax and Lock-Right product lines to Midwest.
Headquartered in Chicago, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh 4hourly Chart, Continue To Stay Under This Upward Trend-line

Posted: 07 Dec 2011 01:35 PM PST

usd/cnh 4hourly chart, continue to stay under this upward trend-line giving a bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Ciena Corp.

Posted: 07 Dec 2011 01:35 PM PST

Ciena Corp. (NASDAQ:CIEN) is scheduled to release its fourth quarter 2011 results before the opening bell on December 8, 2011. In the run-up to the earnings release, no major variation in analysts' estimates was noticed.
Prior-Quarter Recap
In third quarter of 2011, Ciena narrowed its losses significantly on the back of revenue growth across its business segments, a favorable product mix and lower operating expenses.
For further details please read: Ciena Trims Losses
Current Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Consumer Staples Stock Outlook

Posted: 07 Dec 2011 01:30 PM PST

Stocks in the Consumer Staples sector performed their traditional defensive role as the broader equity markets came under pressure over concerns about the prolonged weak U.S. economy and the debt crisis in Europe. Shares of consumer staples companies, accounting for a total of about 11.4% of the S&P 500 Index, were up 5.3%, compared with a 3.3% drop for the S&P 500. In 2010, the sector index grew 10.7% versus a 12.8% increase for the S&P 500 index.

The consumer staples companies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oracle’s New Software In Market

Posted: 07 Dec 2011 01:30 PM PST

Oracle Corp. (NASDAQ:ORCL) recently launched its new financial services software, namely Oracle Financial Services Liquidity Risk Management. The new software will help banks to efficiently and effectively assess their liquidity risk.
Financial Services Liquidity Risk Management is fully compliant with Basel III guidelines for liquidity risk management issued by Bank of International Settlements (BIS). The software can calculate liquidity coverage ratio, net stable funding ratio and funding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Mostly Higher On IMF Loan Package; Dow Up 0.38%

Posted: 07 Dec 2011 01:29 PM PST

Forexpros – U.S. stock markets closed mixed on Wednesday, as investors weighed the potential impact of the pending European summit.

At the close of U.S. trade, the Dow Jones Industrial Average gained 0.38%, the S&P 500 pushed higher by 0.17%, while the Nasdaq Composite index gave back 0.07%.

Late session news that the G20 is considering a USD600 billion International Monetary Fund lending program to the euro zone lifted stocks.

However, uncertainty regarding the effectiveness of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Steve Hayward: America’s Vast Resources

Posted: 07 Dec 2011 01:25 PM PST

Environmental scholar Steven Hayward exposes how U.S. energy policies have restricted access to America’s vast energy resources. The result? America is less competitive in the world, energy prices are skyrocketing, and the economy is suffering. The United States must open federal lands to exploration and end the regulatory blockade that keeps shale oil and gas out of our reach. To read the North American Energy Inventory that Dr. Hayward’s video is based on, go … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

I Smell A U.S. Bestseller-in-the-Making…

Posted: 07 Dec 2011 01:24 PM PST

Greeks Tighten Belt with Crisis Cookbooks

See, there are ways to profit from adversity (other than buying stocks for all the wrong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Principal Financial Stays Neutral

Posted: 07 Dec 2011 01:10 PM PST

We continue to retain our Neutral recommendation on Principal Financial Group (NYSE:PFG) as the low interest rate continues to weigh on the results and adoption of deferred acquisition cost guidance will lower 2012 operating income and also lower retained earnings.
Counting on the positives, Principal Financial has been targeting the emerging markets to expand its business as they offer ample growth opportunities. The acquisitions made by the company will help it to add to its emerging market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zumiez Stays Neutral

Posted: 07 Dec 2011 01:05 PM PST

We have maintained our long-term Neutral recommendation on Zumiez Inc. (NASDAQ:ZUMZ) with a target price of $31.00 per share. Moreover, the quantitative Zacks #1 Rank (short-term Strong Buy rating) for the company indicates no clear directional pressure on the stock over the near term.
Zumiez is a mall-based specialty retailer of action-sports related apparel, footwear, equipment, and accessories. The company targets the youth, both men and women in the age group of 12 to 24 who seek popular brands … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint Advances On Network Vision

Posted: 07 Dec 2011 01:00 PM PST

The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) deployed its first multi-mode base station in Branchburg, New Jersey. This marks a milestone move in the company's Network Vision strategy, which serves as a major catalyst in its growth plan.
Under the Network Vision strategy announced last year, Sprint will consolidate multiple incompatible networks (CDMA and iDEN) into one platform, supporting multiple technologies (3G and 4G) and spectrum bands (800 MHz, 1.9 GHz, 1.6 GHz … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Pacific’s Train Strategy

Posted: 07 Dec 2011 12:50 PM PST

One of the leading Canadian Railroad, Canadian Pacific (NYSE:CP) has recently announced it long-term strategy for train lengths and network expansion in 2012-2013.     
In 2012, the company intends to upgrade and install new sidetracks in key areas to support increased train length. Further in 2013, Canadian Pacific plans to increase train length by 11% on the trans-Canada rail routes. Enhancement of network capabilities over the next couple of years remain concurrent with its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Higher On Safe Haven Buying

Posted: 07 Dec 2011 12:48 PM PST

Forexpros – Gold futures hit a two day high on Wednesday as nervousness of the outcome of the European summit triggered safe haven buying.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1745.45 a troy ounce during late U.S. trade gaining 0.75%.

It earlier hit a high of USD1746.75 striking two day highs.
Gold futures were likely to find support at USD1740.95 and technical resistance exists at USD1748.15.

Pessimism emanating from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comstock Buys Asset, Renews Budget

Posted: 07 Dec 2011 12:35 PM PST

Comstock Resources Inc. (NYSE:CRK) has signed a deal with Eagle Oil & Gas Co. and certain other parties to acquire acreage in Delaware Basin in West Texas. Comstock will have to shell out approximately $332.7 million for the acquisition.
The to-be purchased properties comprise nearly 68,000 gross (44,000 net) acres in the Southern Delaware Basin in Reeves County that has potential for development in the Bone Spring and Wolfcamp shales. The deal is largely of leaseholds but also includes a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonoco Guides For 2012

Posted: 07 Dec 2011 12:20 PM PST

Sonoco Products Co. (NYSE:SON) at its investor day highlighted its growth expectations for 2012 and provided an insight into its strategic initiatives. The company has backed its earlier guidance meant for fiscal 2011.
Sonoco maintained its fourth quarter EPS in the range of 59 cents to 63 cents and full year EPS in the range of $2.41 to $2.45 as put forward during its third quarter earnings call. The company had then lowered its full year guidance from the earlier range of $2.46 to $2.54 given a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Plunge On U.S. Supply Glut

Posted: 07 Dec 2011 12:06 PM PST

Forexpros – Crude oil futures continued their downtrend on Wednesday on rising U.S. supplies despite Mid Eastern and euro zone tensions.
On the New York Mercantile Exchange, light, sweet crude futures for January delivery traded at USD100.47 during late U.S. trade, giving back 0.86%.

Earlier, it plunged to below the technically critical USD100.00 level to a session low of 99.69.
Weakness in the U.S. dollar did little to support crude prices. The dollar index, which tracks the performance of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Total Expands North Sea Operation

Posted: 07 Dec 2011 12:05 PM PST

Integrated oil and gas company, TOTAL S.A. (NYSE:TOT) continues to leverage its strong financial position and expand its operation globally through acquisitions. TOTAL acquired 22.5% interest in Elgin Franklin Oil and Gas ("EFOG") for €590 million ($792.3 million), thereby gaining 100% control.
Per the acquisition, the company will get to control GDF SUEZ's share in the Elgin/Franklin field, swelling its stake in the two fields in the North Sea to 46.2% from the previous level of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FNI, GASX

Posted: 07 Dec 2011 11:56 AM PST

Weekly update on the Direxion Daily Natural Gas Related Bear 3x ETF and the First Trust ISE Chindia … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

P&G And Siemens Extend Ties

Posted: 07 Dec 2011 11:50 AM PST

Procter & Gamble Company (NYSE:PG) gets to deepen its ties with Siemens AG (NYSE:SI), as the latter confirmed the extension of providing a wide array of software to the leading fast moving consumer goods manufacturer.
It will be Siemens Industry Automation Division's business unit, Siemens PLM Software, who will provide the software to Procter & Gamble. Siemens PLM Software is a leading global provider of product lifecycle management (PLM) software and services.
The company will also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market’s On Hold

Posted: 07 Dec 2011 11:36 AM PST

Cusick’s Corner
The market is on hold until we have some concrete statements out of the EU about how the recovery will look. While we wait I am keeping an eye on critical levels to get a pulse on the markets. The S&Ps have been consolidating over the last 6 sessions and I don’t think that the uptrend will be challenged unless we break the beginning of the month lows, 124 on the SPY. I also have been watching the Bonds, TLT, there has been a support break, 117, and I believe that money may … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Tests 100 Day MA Today And Finds Sellers Again.

Posted: 07 Dec 2011 11:35 AM PST

The AUDUSD had an up and down day today and will end up on the day, but it did find willing sellers on moves toward the 100 day MA. That level came in at the 1.0296 and was tested in the London and most recently in the NY sessions.  This will continue to be a key level to eye as a risk defining resistance. Failure to move above the level could lead to a move back lower in the pair on the longs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Rotates Down To The Target Support In NY Afternoon Trading

Posted: 07 Dec 2011 11:35 AM PST

After testing the 100 hour MA above (and holding), the EURUSD has rotated back lower toward the closest target support (see prior post by clicking here).  The 1.3399 level was the close from yesterday. The 1.3401 is the midpoint of the days range.
Sounds like a good level to pause in a up and down session (with stops below). Risk is defined. Risk is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Gets Iraqi Contract

Posted: 07 Dec 2011 11:35 AM PST

Lockheed Martin Corporation (NYSE:LMT) has struck an $835 million deal to supply F-16 aircrafts to the government of Iraq. The contracts will be facilitated through the Air Force Security Assistance Center housed at Wright-Patt, Ohio. The center manages the transfer of aircraft to allied countries.
Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genomic DCIS Score Coming Shortly

Posted: 07 Dec 2011 11:20 AM PST

Genomic Health (NASDAQ:GHDX), an oncology based biotech company, has presented positive results from a clinical validation study of its flagship product, Oncotype DX, at the San Antonio Breast Cancer Symposium. The study, conducted by the Eastern Cooperative Oncology Group, evaluated the test in patients with DCIS (ductal carcinoma in situ of the breast).
It was observed that a pre-specified Oncotype DX DCIS Score is more effective than traditional clinical and pathologic measures to predict the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Down On Eve Of Euro Zone Rate Cut

Posted: 07 Dec 2011 11:07 AM PST

Forexpros – The U.S. dollar was down against its major counterparts on Wednesday, as mixed messages from the euro zone troubled the greenback.

During mid session U.S. trade, the greenback was slightly lower against the euro, with EUR/USD easing higher by 0.12% to hit 1.3417.

Mixed messages from Germany and France regarding the pending European summit meeting kept the single currency in check for most of the trading day.

The European Central Bank is widely expected to slash interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UBS AG Acquires Stake In Chi-X

Posted: 07 Dec 2011 11:05 AM PST

UBS AG (NYSE:UBS) acquired an equity stake in Chi-X Global Holdings LLC. The financial terms of the deal were not disclosed. Chi-X Global is an operator of technologically advanced alternative market centers and a provider of innovative market level trading solutions.
Chi-X Global operates Chi-X Australia, Chi-X Canada and Chi-X Japan. It also operates  Chi-East in  a  50:50  venture  with  a  subsidiary  of  the Singapore Exchange. Chi-X Global is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Divide Over Global Warming

Posted: 07 Dec 2011 10:50 AM PST

Nearly 200 countries have converged on South Africa for the climate conference, which is currently underway in the city of Durban. Climate change conferences primarily focus on reaching a consensus to reduce global warming and greenhouse gas emissions.
The Kyoto Protocol (1997) had identified developed countries as primarily responsible for high levels of greenhouse gas emissions following decades of unbridled industrialization. The protocol requires countries to lower emissions according to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi To Layoff 4,500, Incur Charges

Posted: 07 Dec 2011 10:50 AM PST

Citigroup Inc. (NYSE:C) is cutting its workforce over the next few quarters as part of its effort to increase efficiency by reducing costs in a challenging operating environment. As a result, the company would incur job cut related charges in the fourth quarter.
In an investor conference Citi's Chief Executive Vikram Pandit said that the job cut will involve around 4,500 positions or less than 2% of its total workforce. The elimination process will start this quarter. The layoffs would result in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Testing 100 Hour MA At 1.3422. Looking For Support At 1.3402 Now

Posted: 07 Dec 2011 10:35 AM PST

The EURUSD is back up testing the 100 hour MA. Over the course of the trading day, the price has closed above the 100 hour MA (blue line in the chart above) for 3 bars. It has closed below the 200 hour MA (green line in the chart above) for 4 hourly bars.  I will be watching the 50% of the last weeks range as support now. That level comes in at the 1.3402 level.   This level is also at the midpoint of the more narrow days range.  So there are two good reasons to expect the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “Pricing In Chance Of Disappointment”

Posted: 07 Dec 2011 10:34 AM PST

12/07/11 Meridian Equity Partners’ Stephen Guilfoyle discusses expectations for the ECB rate decision and the EU summit, including possible equity market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Refining To Offload Assets

Posted: 07 Dec 2011 10:30 AM PST

Independent oil refiner and marketer Western Refining Inc. (WNR) has agreed to sell its Yorktown, Virginia refinery and part of a crude pipeline in southeast New Mexico to subsidiaries of Houston, Texas-based partnership Plains All American Pipeline, L.P. (PAA). The transaction – expected to close in the fourth quarter of 2011 subject to regulatory approvals and other customary conditions – is valued at $220 million. 
Per the deal, Western will offload its 70,000 barrels-per-day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toll Brothers Beats Estimate

Posted: 07 Dec 2011 10:25 AM PST

Toll Brothers Inc. (NYSE:TOL) reported net income of $15.0 million or 9 cents per share during the fourth quarter of 2011 compared with $50.5 million or 30 cents per share in the year-ago quarter. Reported income in the quarter included a tax expense of $0.2 million versus a tax benefit of $59.9 million in the prior-year quarter.
Excluding the tax benefits and expenses, adjusted income in the quarter was $15.2 million or 9 cents per share, which was higher than the Zacks Consensus Estimate of 4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Eases Higher Despite Summit Skepticism

Posted: 07 Dec 2011 10:22 AM PST

Forexpros –
Forexpros – The euro eased slightly higher against the U.S. dollar on Wednesday despite negative euro zone economic news and German summit skepticism.EUR/USD hit a high of 1.3454 during early U.S. trade, subsequently falling to a low of 1.3352 prior to launching the current assault on the daily high up 0.19%.
The pair was likely to find support at 1.3373 and resistance exists at 1.3454, the session’s high.
British industrial output dropped more than forecast last month. Official … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FelCor Divests Non-Core Asset

Posted: 07 Dec 2011 10:20 AM PST

FelCor Lodging Trust Inc. (NYSE:FCH), a real estate investment trust (REIT) that owns upper-upscale hotels, has recently sold the Holiday Inn Toronto-Yorkdale hotel at Toronto, Canada, to the Easton Hotel Group for CAD $22.9 million in cash.
The 370-room hotel is strategically located in close proximity to downtown Toronto and Lester B. Pearson International Airport and is adjacent to the Yorkdale Shopping Centre – one of the largest and most exclusive malls in the city. Besides its locational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Robert Rodriguez Talks Sense On Cents

Posted: 07 Dec 2011 09:52 AM PST

I am often asked who my favorite economist, analyst, and money managers are. While there are some true visionaries out there, if I were compelled to choose only one individual to read and follow it would be Robert Rodriguez of First Pacific Advisors.
Rodriguez' direct style and continual pursuit of the truth is refreshing in an industry more consumed with with collecting assets and fees than actually informing individuals as to what is really going on in the markets and world at large.
With a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Shares Close Mixed On Summit Worries; DAX Drops 0.57%

Posted: 07 Dec 2011 09:19 AM PST

Forexpros – European stock markets closed mixed on Wednesday as nervous investors cautiously await the critical European Union Summit later in the week.

At the close, the DAX 30 gave back 0.57%, the CAC 40 declined 0.11% and the EURO STOXX 50 dropped 0.50% on the session.

Negative news from the United Kingdom that industrial output fell at the fastest rate in six months added to the cautious nervousness before the summit meeting.

Germany has turned pessimistic regarding the summit but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dividend Dogs Of The FTSE 100: Six Stocks For Dividend Hunters

Posted: 07 Dec 2011 05:13 AM PST

Stocks have paid a heavy price for the economic turmoil that has ravaged London markets during the second half of this year but it hasn't all been bad news. A direct consequence of depressed market caps is that those companies that continue to pay dividends look all the more attractive. Indeed, for investors chasing income, the conditions have provided an ideal hunting ground for buying into some of the best dividend payers in the market – but how do you find them?

Screening for high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Forex Update: GBP/USD

Posted: 07 Dec 2011 04:32 AM PST

By ForexMansion.com
By, James A. Hyerczyk
After a short-period of sideways trading action buyers took over, driving the GBP/USD through the downtrending resistance line of a triangle chart pattern on the 240-minute chart. The size of the candlestick on the breakout was relatively large enough to suggest the presence of a strong buyer.

The overall quality rating is an average 5-bars. The initial trend which measures the strength of the trend prior to the chart formation is a low 2-bars. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, December 8, 2011

Posted: 07 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, December 8, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0293
+ 0.48
1.0252
1.0110

Bullish

EURUSD – Euro / US Dollar
1.3411
+ 0.08
1.3404
1.3403

Bullish

GBPUSD – British Pound / US Dollar
1.5709
+ 0.71
1.5644
1.5611

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0092
− 0.03
1.0128
1.0240

Bearish

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

The Trend Trader For ETF Trading On Thursday, December 8, 2011

Posted: 07 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, December 8, 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
109.34
+ 0.18
109.16
109.14

Bullish

BND – Vanguard Total Bond Market ETF
83.41
+ 0.13
83.33
83.32

Bullish

DBC – DB Commodity Index Tracking Fd
27.54
− 0.86
27.66
27.49

Neutral

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

The Trend Trader For Futures Trading On Thursday, December 8, 2011

Posted: 07 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, December 8, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1258.25
+ 0.74
1251.03
1219.50

Bullish

Dow Jones – Mar YMH2
12146
+ 0.86
12054
11773

Bullish

Nasdaq – Mar NQH2
2317.75
+ 0.03
2319.11
2269.08

Neutral

Russell – Mar TFH2
743.30
+ 0.49
740.68
715.07

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
141-28
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, December 8, 2011

Posted: 07 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, December 8, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.90
− 0.20
9.94
9.75

Neutral

AXP – American Express Company
49.16
+ 1.24
48.74
47.58

Bullish

BA – Boeing Co
70.60
− 0.38
71.02
69.27

Neutral

BAC – Bank of America Corporation
5.89
+ 1.90
5.82
5.52

Bullish

CAT – Caterpillar Inc
94.89
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 07 Dec 2011 04:03 AM PST

By ForexMansion.com
By, James A. Hyerczyk
Once again the FTSE 100 surged early in the trading session but failed to hold on to those gains into the close. This type of trading suggests an indecisive market. Although the index seems to be treading water at this time, it has been producing higher-tops and higher-bottoms, giving it a slight bias to the upside.

The tight and narrow range suggests impending volatility but the direction is uncertain. Traders are likely to "go the way of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: SWISS 20 (SWI20)

Posted: 07 Dec 2011 04:03 AM PST

By ForexMansion.com
By, James A. Hyerczyk
When the Swiss 20 (SWI20) index CFD formed Point C at 5819.00 on the 240-minute chart, it completed a 3-Point Extension Fibonacci pattern. On this chart this is a topping formation that may lead to a retracement of the rally from Point B at 5305.00 to Point C at 5819.00.

The 3-Point Extension Fibonacci pattern contains parts of the basic ABCD Fibonacci Pattern. It is often described as a countertrend pattern since the forecast projects a move in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Gold

Posted: 07 Dec 2011 12:32 AM PST

By ForexMansion.com
By Jonah S. Ford
Gold formed a rounding top on the short term chart during Wednesday's trading session. The pullback towards the close completes a retest of the Channel Up chart pattern illustrated here on the Autochartist 15-minute time interval.    

While the bottom support for the Channel Up remains unclear as of yet, the rising trend line resistance is well defined and should indicate relative strength of the upswings during the rest of the current … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Significant Growth Potential For Indonesia’s Middle Class

Posted: 06 Dec 2011 10:00 PM PST

Indonesia's workforce is growing 7,000 people stronger each day, adding an estimated 21 million people to its workforce by over the next decade. This is second only to India as Asia's fastest growing workforce.
CLSA says this growth has given birth to a burgeoning middle class willing to spend money on durable goods such as clothing, personal-care items, home appliances and electronics. Currently, domestic consumption accounts for two-thirds of Indonesia's GDP. We've already seen … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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