Thursday, December 1, 2011

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

Forex – EUR/USD Up In Asian Trade

Posted: 01 Dec 2011 05:05 PM PST

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

EUR/USD was trading at 1.3477, up 0.12% 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 the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8592 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Sad Tale Of Wall Street’s Orphans

Posted: 01 Dec 2011 04:56 PM PST

A lead editorial the other day in the Wall Street Journal highlighted,

"Federal Judge Jed Rakoff's rejection Monday of a $285 million settlement between Citigroup (NYSE:C) and the Securities and Exchange Commission is playing in some circles as a great populist victory against Wall Street. But it looks to us more like a rebuke of the cozy relationship between regulators and the regulated that too often leaves justice as an orphan.

Justice as an orphan sounds eerily similar to the fact that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Only A Few Short Years

Posted: 01 Dec 2011 04:50 PM PST

As usual, Zero Hedge (one of my absolute favorite blogs) is at the forefront when it comes to funny money-era milestones:
“US Debt/GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase: Total Debt Now Over $15.1 Trillion”
It seems like it was only yesterday that we celebrated 15,OOO,OOO,OOO,OOOBAMA day. Two weeks later, we are now well over 100 billion in debt over this historic landmark, or $15.11 trillion to be precise, following the predicted $55 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Continues To Edge Higher

Posted: 01 Dec 2011 04:37 PM PST

It seems that investors woes have been subdued (for now) after the world's major central banks agreed to offer cheap dollar loans for European banks down on their luck. This move has also decreased the cost of interbank lending for the first time since July 22nd. The recent firmness is the Euro seems to have been caused by relatively successful Spanish and French debt auctions, with the EUR/USD reaching a high of 1.3521 following the auctions.
Currently the pair is testing some upward hourly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japanese Capital Spending Falls Unexpectedly

Posted: 01 Dec 2011 04:20 PM PST

Forexpros – Capital spending by Japanese companies fell unexpectedly in the last quarter, official data showed on Thursday.

In a report, Ministry of Finance said that Japanese capital spending fell to an annual rate of -9.80%, from -7.80% in the preceding quarter.

Analysts had expected Japanese capital spending to rise to -3.60% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 01 Dec 2011 04:20 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of Japanese data on Capital Spending.

USD/JPY was trading at 77.76, up 0.07% 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.

Earlier in the day, official data showed that Capital spending by Japanese companies fell unexpectedly to an annual rate of -9.80% in the last quarter from -7.80% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lipitor Turns Generic

Posted: 01 Dec 2011 03:58 PM PST

12/01/11 The best selling cholesterol-lowering drug Lipitor no longer boasts patent protection. India-based Ranbaxy launched its generic version, and announced it will share profits with Teva for the first 180 days on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Trading Mixed

Posted: 01 Dec 2011 03:44 PM PST

Cusick’s Corner
It was a choppy but overall neutral day. Going into the midday, the bid firmed up to move the market off the lows. The market is keenly aware of the Employment data out tomorrow, so unless we get an overnight headline, we are going to have to wait until the pre-market when Non-Farm and Unemployment are released. See you Midday.
Stocks traded mixed through midday and market action remained relatively slow during the second half of Thursday’s session as well. Economic data drove … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 01 Dec 2011 03:35 PM PST

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

NZD/USD was trading at 0.7796, up 0.03% at time of writing.

The pair was likely to find support at 0.7480, Monday's low, and resistance at 0.7822, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.16% to hit 1.3122 and EUR/NZD rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FCX Faces Another Strike Threat

Posted: 01 Dec 2011 03:30 PM PST

Just a day after the strike was called off at the Freeport-McMoRan Copper & Gold's (NYSE:FCX) Peruvian copper mine Cerro Verde, the Union workers announced to hold 48-hour stoppages in December, if no wage accord was reached.
The workers may go on strike from December 24-25 and December 31-January 1 if the government fails to reach a settlement.
Union workers discontinued their work in September 2011 to back demands for higher pay. Cerro Verde has been operating the mine at two-thirds of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Upgrades Harman

Posted: 01 Dec 2011 03:20 PM PST

Standard & Poor's (S&P), a division of The McGraw-Hill Companies Inc. (NYSE:MHP), recently upgraded the corporate credit rating of Harman International Industries, Inc. (NYSE:HAR) to BB+ from BB with a positive outlook.
Harman also announced that S&P has raised the issue rating on the company’s senior unsecured notes to BB from BB- and Harman's corporate credit rating is expected to be upgraded to investment grade by next year.
S&P cited the company's strong backlog as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Data To Capture Snapshot Of US Hiring

Posted: 01 Dec 2011 03:20 PM PST

12/01/11 The US employment report will be closely watched. The consensus forecasts calls for a 125K gain in NFP, and unemployment to remain unchanged in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Limited Closes Penn Millers Buy

Posted: 01 Dec 2011 03:05 PM PST

ACE Limited (NYSE:ACE) closed the acquisition of Penn Millers Holding Corporation (PMIC) for a cash consideration of $107 million. The company had entered into an agreement in September to acquire Penn Millers.
Wilkes-Barre, Pennsylvania based Penn Millers Holding Corporation, through its subsidiaries, provides various property and casualty insurance products for agricultural and small commercial business customers. As such, the acquisition enhances ACE Limited's product offering in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Axle Eyes NY Plant Layoffs

Posted: 01 Dec 2011 02:55 PM PST

American Axle and Manufacturing Inc. (NYSE:AXL) plans to lay off 83 workers (75 hourly and eight salaried employees) at its Cheektowaga plant in New York, which will be permanently closed down next year. The auto parts maker filed a WARN notice with the labor department, stating that the workers would be laid off by February 25, 2012.
Few months back, the company announced that it would shut down the Cheektowaga plant as its negotiation with union members regarding the ratification of a new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buffett Adds Hometown Newspaper

Posted: 01 Dec 2011 02:40 PM PST

On Wednesday, Warren Buffett, the Chairman and CEO of Berkshire Hathaway Inc. (NYSE:WPO).
Buffett is known for cherry-picking big businesses. This acumen has helped him to build a conglomerate of this behemoth size, which houses over 70 different businesses. Over decades, Berkshire has become a mature company, which generates substantial cash quarter after quarter, keeping Buffett on continuous hunt to seek attractive investments in order enhance stockholder value.
In an effort to diversify its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PerkinElmer Remains Neutral

Posted: 01 Dec 2011 02:35 PM PST

We reiterate our Neutral rating on PerkinElmer (NYSE:PKI). Its third quarter adjusted earnings per share of 41 cents beat the Zacks Consensus Estimate of 39 cents. Revenues of $453.7 million were lower than the Zacks Consensus Estimate of $470 million.
Sales from the Human Health segment were $207.4 million, up 7% (up 2% on an organic basis) year over year. Revenues from the Environmental Health segment were $246.3 million, up 10% (up 6% on an organic basis).  
The company has updated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Top Management Churn At CNH

Posted: 01 Dec 2011 02:20 PM PST

CNH Global N.V. (NYSE:CNH) recently announced that President and CEO, Harold Boyanovsky, will retire on Dec. 31, 2011.
Chief Financial Officer (CFO) Richard Tobin will hold conjoint responsibilities of President and CEO of CNH, effective Jan. 1, 2012. On the other hand, Camillo Rossotto, Treasurer and head of financial services for Fiat Industrial S.p.A., will assume the role of Chief Financial Officer of CNH, effective Jan. 1, 2012 along with retaining his current responsibilities.
Mr. Boyanovsky … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TRW Announces Next-Gen Airbags

Posted: 01 Dec 2011 02:20 PM PST

TRW Automotive Holdings Corp. (NYSE:TRW) recently unveiled its next-generation adaptive frontal passenger airbags, which are expected to be launched by 2013. These airbags have updated features, which will enable efficient adjustment of both the airbag pressure and size.
The adaptive occupancy technologies used in the product include high efficient dual stage inflators that are based on various factors including deployment force, the bag geometry, stiffness and shape. All these have been combined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

One-Year ARMs Fall To Historical Low

Posted: 01 Dec 2011 02:11 PM PST

The rates for one-year ARMs fell today to 2.78% this week, which sets a new record all-time low for the series going back to 1986.  To purchase the median priced existing home at $162,500 in October with a 20% down payment and a one-year ARM at 2.78%, the monthly payments for the first year would be only $532.78 for principal and interest on a before-tax basis, and less than $400 per month after taxes. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europe Crisis Tightens Credit Gridlock

Posted: 01 Dec 2011 02:01 PM PST

As Europe falters and struggles to emerge from its economic slump, credit availability is becoming a casualty. This does not augur well for the global economy, which is fast approaching the tipping point of another recession.
Although, economic indicators, like industrial output and growth data are weaker in major Asian economies, emerging countries, like China, India and Indonesia continue to grow at a fairly good clip. Western businesses, like HSBC Holdings Plc (NYSE:HBC) – Europe's largest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

After Massive Rally, Stocks Pull Back

Posted: 01 Dec 2011 09:00 AM PST

12/01/11 Following the massive rally on central bank collaboration efforts, the Big Board pulled back ever so slightly this session led by mixed economic data and reports out of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Season Of Giving Arrives On Wall Street

Posted: 01 Dec 2011 09:00 AM PST

12/01/11 Fuente Cigar’s Carlito Fuente, Jr., and St. Jude Children’s Research Hospital Board of Advisors’ Dr. Jude Barbera visit the NYSE to talk about charitable giving and raising … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Health Care Via AT&T

Posted: 01 Dec 2011 01:55 PM PST

Accenture plc (NYSE:ACN) is reportedly unveiling a new cloud-based solution targeting the health care industry. The comprehensive technical and management solutions provider also mentioned that the new offering will be made available virtually through AT&T Inc.'s (NYSE:T) data centers. AT&T will host the solution leveraging its MIMM cloud service (custom made for imaging services), which was launched last June.
The new solution–– Accenture Medical Imaging Solution –– will go a long … [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: 01 Dec 2011 01:55 PM PST

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

EUR/USD was trading at 1.3464, up 0.13% 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.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 402K last week from 396K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BorgWarner To Sell Tire Pressure Biz

Posted: 01 Dec 2011 01:50 PM PST

BorgWarner Inc. (NYSE:BWA) plans to sell its tire pressure monitoring business to Germany-based Huf Electronics GmbH as it diverts its attention to powertrain technologies. The sale includes a manufacturing facility in Bretten, Germany that employs 230 people.
BorgWarner acquired the tire pressure monitoring business in 2005 as a part of its BERU diesel cold start and ignition systems business. The company would incur a book loss of approximately $10–$15 million due to the sale of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks For Your Radar Screen

Posted: 01 Dec 2011 01:49 PM PST

 ( click to enlarge )

TriQuint Semiconductor (NASDAQ:TQNT) ruled firm as anticipated in the morning on Twitter. The stock closed the day near highs which leads me to believe the rally will continue on Friday. The near-term trend is positive and a move past the immediate resistance at $4.66 would impart bullish momentum. The strength of the bounce off $4 indicates that the stock may have found some short term support from which is can launch a new rally. The daily MACD’s bullish crossover … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 01 Dec 2011 01:40 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/JPY was trading at 77.69, up 0.09% 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.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 402K last week from 396K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tiffany Loses Some Sparkle

Posted: 01 Dec 2011 01:30 PM PST

Tiffany & Company (NYSE:TIF) lost a little shine due to sluggish sales witnessed in the Eastern U.S. and Europe that highlighted its vulnerability to the turbulent and dwindling economy. Coming to the facts, we observe that sales in Europe climbed 19% during the third quarter of 2011, following an increase of 32% in the second quarter, whereas sales in the Americas grew 17% compared with 25% in the previous quarter.
We also noted that Tiffany, a high-end jewelry designer, manufacturer and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.21%

Posted: 01 Dec 2011 01:30 PM PST

Forexpros – U.S. stocks were mixed after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.21%, the S&P 500 index shed 0.19%, while the Nasdaq 100 index climbed 0.61%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 0.78%; Germany's DAX shed 0.87%; Britain's FTSE 100 declined 0.29%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Synopsys Reports Decent 4Q

Posted: 01 Dec 2011 01:25 PM PST

Synopsys Inc. (NASDAQ:SNPS) reported fourth quarter 2011 earnings per share (EPS) of 37 cents, missing the Zacks Consensus Estimate of 45 cents per share, but surpassed the 4Q10 EPS of 31 cents. The company was able to drive sales, while keeping expenses under control. Share prices of Synopsys rose 68 cents to $28.65 in after market trading, after gaining 3.4% in the regular trading session.
Revenue
Revenue in the fourth quarter was $390.5 million, up 3.9% from $375.5 million in the year-ago period. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DISH Network Remains Neutral

Posted: 01 Dec 2011 01:25 PM PST

DISH Network Corp. (NASDAQ:DISH) reported third quarter 2011 financial results, where the bottom line exceeded the Zacks Consensus Estimate but the top line fell short of the same. Higher revenue was mainly attributable to an increase in subscriber related revenue and contribution from Blockbuster.
We remain optimistic about management's bullish outlook on higher subscriber additions in the upcoming quarters. DISH Network has already started deploying new promotional strategies like distributing … [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: 01 Dec 2011 01:25 PM PST

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

EUR/USD was trading at 1.3460, up 0.10% 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.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 402K last week from 396K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pipeline Progress At BioMarin

Posted: 01 Dec 2011 01:15 PM PST

Recently, BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) commenced a mid-stage study of its pipeline candidate GALNS (N-acetylgalactosamine 6-sulfatase) in children suffering from mucopolysaccharidosis IVA (MPS IVA), a rare genetic enzyme deficiency disorder.
The company intends to evaluate the safety and tolerability of the drug dosed at 2.0 mg/kg/week over a period of one year. The study will evaluate 10 to 15 children below 5 years of age. The open-label, multinational study will also evaluate the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AT&T, China Telecom Hook Up

Posted: 01 Dec 2011 01:05 PM PST

AT&T (NYSE:T) is now set to venture into the Chinese telecom market. The company has joined hands with one of China's largest telecom companies, China Telecom Corp Ltd. to expand both companies' market presence by offering cross-country corporate telecommunication services like telepresence, managed hosting, cloud-based services, network integration services, enterprise mobility and other technological solutions to multinational companies.
The financials of the deal were not disclosed but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Energy Eyes Compromise

Posted: 01 Dec 2011 01:00 PM PST

Duke Energy Carolinas, a subsidiary of Duke Energy Corporation (NYSE:DUK), reached a compromise solution with the Office of Regulatory Staff (ORS); the Commission of Public Works for the city of Spartanburg, South Carolina; and the Spartanburg Sanitary Sewer District; with respect to the utility’s request to raise base rates in South Carolina.
On conciliatory terms, Duke Energy will slash its proposed 15% base rate increase for South Carolina to 6%. Added to it Duke Energy will also contribute $4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 01 Dec 2011 12:55 PM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on ISM Manufacturing Index.

GBP/USD was trading at 1.5685, down 0.11% at time of writing.

The pair was likely to find support at 1.5459, Monday's low, and resistance at 1.5780, Wednesday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 52.7 last month from 50.8 in the preceding month.

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

NYSE To Close SecFinex

Posted: 01 Dec 2011 12:50 PM PST

Yesterday, Financial Times reported that NYSE Euronext Inc. (NYSE:NYX) is mulling the closure of its European securities lending platform unit – SecFinex – in order to merge itself successfully with Frankfurt-based Deutsche Boerse, as proposed earlier this year.
Based in London and founded in 2000, SecFinex is a global electronic, web-based lending & borrowing trading platform. In the same year, it also launched a private bilateral market, introducing the first stock loan electronic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Debit-Fee Rule Makes Visa Restless

Posted: 01 Dec 2011 12:35 PM PST

Visa Inc. (NYSE:V) appears to have tried out every means to delay the implementation of the debit-fee ruling finalized in June this year, due to which the company's lobbying charges increased substantially during the third quarter of 2011.
However, Visa's close rival, MasterCard Inc. (NYSE:MA) is apparently more relaxed about regulatory issues having witnessed a significant decline in its third quarter lobbying charges. Other card players such as American Express Co. (NYSE:AXP) and Discover … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kroger Beats, Lifts Outlook

Posted: 01 Dec 2011 12:35 PM PST

The Kroger Company (NYSE:KR), one of the largest grocery retailers, recently posted better-than-expected third-quarter 2011 results, thereby prompting management to raise its fiscal 2011 earnings guidance.
The quarterly earnings of 33 cents a share beat the Zacks Consensus Estimate by a couple of cents, and rose 3.1% from 32 cents delivered in the prior-year quarter. The Zacks Consensus Estimate had remained constant with none of the 16 analysts following the stock revised their estimates in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 01 Dec 2011 12:30 PM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CHF was trading at 0.9158, up 0.28% at time of writing.

The pair was likely to find support at 0.9066, Wednesday's low, and resistance at 0.9308, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 402K last week from 396K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 01 Dec 2011 12:10 PM PST

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

USD/CAD was trading at 1.0154, down 0.23% at time of writing.

The pair was likely to find support at 1.0124, Wednesday's low, and resistance at 1.0449, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 402K last week from 396K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Going For Growth And Dividends With Peter Lynch

Posted: 01 Dec 2011 11:47 AM PST

In investment circles, ex-Fidelity mutual fund manager Peter Lynch is widely regarded to be among the very best. Not only did his 13-year management of Fidelity's Magellan fund produce peerless results up until his retirement in 1990, but his subsequent influence on private investors has been vast. An early proponent of the celebrated investor tool, the price earnings growth factor – or the PEG, he also produced a now renowned book that encouraged investors to "buy what you know" and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 01 Dec 2011 11:45 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on ISM Manufacturing Index.

EUR/USD was trading at 1.3473, up 0.20% 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.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 52.7 last month from 50.8 in the preceding month.

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

Forex – AUD/USD Down In U.S. Trade

Posted: 01 Dec 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

AUD/USD was trading at 1.0233, down 0.49% 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 U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 402K last week from 396K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Japanese 225 (JP225)

Posted: 01 Dec 2011 04:02 AM PST

By ForexMansion.com
by, James A. Hyerczyk
Sideways trading action in the Japanese 225 (JP225) throughout the session led to a breakdown through the support line of a triangle chart pattern on the 30-minute chart. The move set up the index CFD for a potential break into the Autochartist forecast price zone indentified as 8514.27 to 8426.46.

The overall quality of the chart pattern is rated a below average 4-bars. The initial trend which measures the strength of the trend prior to the chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 01 Dec 2011 04:02 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The FTSE 100 took a breather on Thursday after the previous day's huge run-up. This was expected since short-term indicators showed extremely overbought conditions. This flat trading action is further evidence that most of Wednesday's rally was short-covering and that not many traders were interested in buying strength given the plethora of negative news influencing the markets.

Looking at the big picture, the main range is defined by the October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, December 2, 2011

Posted: 01 Dec 2011 03:34 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, December 2, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.81
− 2.10
9.70
9.14

Bullish

AXP – American Express Company
47.79
− 0.52
47.05
45.36

Bullish

BA – Boeing Co
70.98
+ 3.33
67.97
63.78

Bullish

BAC – Bank of America Corporation
5.53
+ 1.65
5.32
5.32

Bullish

CAT – Caterpillar Inc
96.82
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Friday, December 2, 2011

Posted: 01 Dec 2011 03:34 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, December 2, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1243.50
− 0.20
1221.64
1170.00

Bullish

Dow Jones – Dec YMZ1
12000
− 0.28
11798
11347

Bullish

Nasdaq – Dec NQZ1
2309.25
+ 0.62
2262.14
2175.75

Bullish

Russell – Dec TFZ1
730.50
− 0.84
717.20
680.33

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
140-10
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, December 2, 2011

Posted: 01 Dec 2011 03:34 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, December 2, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0242
− 0.38
1.0130
0.9795

Bullish

EURUSD – Euro / US Dollar
1.3461
+ 0.12
1.3409
1.3338

Bullish

GBPUSD – British Pound / US Dollar
1.5689
− 0.10
1.5645
1.5551

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0137
− 0.43
1.0233
1.0420

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 Friday, December 2, 2011

Posted: 01 Dec 2011 03:34 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, December 2, 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
108.84
− 0.49
109.26
109.68

Bearish

BND – Vanguard Total Bond Market ETF
83.13
− 0.28
83.31
83.67

Bearish

DBC – DB Commodity Index Tracking Fd
27.53
− 0.40
27.51
26.87

Bullish

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

Daily Commodities Update: US Crude Oil

Posted: 01 Dec 2011 02:32 AM PST

By ForexMansion.com
By Jonah S. Ford
US Crude Oil futures traded in a narrow range during Thursday's session, consolidating after the large gains posted on Wednesday's big up day in the markets. The price action has been identified by Autochartist's emerging pattern scanner as a Pennant formation, possibly still in the early stages of development.

This Pennant chart pattern has very clearly defined support and resistance levels with a wide inside range to trade until a directional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Week – Oil’s Breakeven Price

Posted: 30 Nov 2011 10:00 PM PST

One way to gauge support for the price of oil is to calculate the breakeven price. In other words, what is the dollar amount per barrel that would be required for an oil-producing country to balance its fiscal budget?
Several factors go into this calculation such as the location (and quality) of a country's reserves, and the spending habits of the federal government.
Analysts at Carnegie Investment Bank recently put together this chart, which illustrates the breakeven price needed for some of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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