DailyMarkets.com - Forex – GBP/USD Up On Economic Data |
- Forex – GBP/USD Up On Economic Data
- U.K. PPI Input Rises Unexpectedly
- Bank Of England Holds Bank Rate At 0.50%, APP At 275B
- Gold Continues Its Negative Ways
- Crude Oil Futures Down On Strong Dollar
- Forex – Dollar Gains Strength On Euro Worries
- Bear Of The Day: Meritor, Inc. (MTOR)
- Bull Of The Day: SIRIUS XM Radio (SIRI)
- Growth & Income Stock: Simon Property Group, Inc.
- Momentum Stock: Yum! Brands, Inc.
- Aggressive Growth Stock: NetEase.Com
- Forex – EUR/USD Lower Despite Summit Debt Brake
- Asian Stocks Lower For Second Day; Nikkei Drops 1.52%
- Forex Trading: Euro Trading Off Lows On The Following:
- Forex Trading: Usd/hkd Broke Through 38.2% Now Getting Close To 50% Retracement.
- 2011: The Year In Photos From The Atlantic
- Daily Commodities Update: Corn
- Immigration: The Double-edged Sword For America
| Forex – GBP/USD Up On Economic Data Posted: 09 Dec 2011 02:15 AM PST Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on PPI Input. GBP/USD was trading at 1.5647, up 0.12% at time of writing. The pair was likely to find support at 1.5561, Tuesday's low, and resistance at 1.5770, Thursday's high. Earlier in the day, official data showed that Producer price inflation input in the U.K. rose unexpectedly to a seasonally adjusted 0.1% last month from -0.8% in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.K. PPI Input Rises Unexpectedly Posted: 09 Dec 2011 01:45 AM PST Forexpros – Producer price inflation input in the U.K. rose unexpectedly last month, official data showed on Friday. In a report, National Statistics said that U.K. PPI input rose to a seasonally adjusted 0.1%, from -0.8% in the preceding month. Analysts had expected U.K. PPI input to fall -0.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bank Of England Holds Bank Rate At 0.50%, APP At 275B Posted: 09 Dec 2011 01:19 AM PST The Bank of England (BoE) maintained the Bank Rate at a record low stimulatory level of 0.50%, and continued with its Asset Purchase Program (ECTR) Facility. The Bank said: “This Facility is designed to mitigate risks to financial stability arising from a market-wide shortage of short-term sterling liquidity” and added “there is currently no shortage of short-term sterling liquidity in the market.” The Bank also held the official Bank Rate unchanged at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Continues Its Negative Ways Posted: 09 Dec 2011 12:04 AM PST Forexpros – bsp; Forexpros – Gold futures continued falling early Friday morning despite worries that the European summit will not result in viable debt crisis solutions and news of bullishness in the gold market. On the Comex division of the New York Mercantile Exchange gold futures for February delivery traded at USD1709.05 a troy ounce, dropping another 0.23%. It earlier fell to a low of USD1707.45 a troy ounce and hit a high of USD1719.75 during the session. Gold futures were likely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Down On Strong Dollar Posted: 08 Dec 2011 11:42 PM PST Forexpros – Crude oil continued its slide on a stronger dollar and euro zone debt fears on Friday. Worries that the much heralded European Union summit will fail to produce viable debt crisis solutions added nervousness to the market. On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD97.69 a barrel, slipping 0.60%. It earlier hit a high of USD98.57 a barrel. Meanwhile, Saudi Arabia, stated it was in no hurry to agree to a new production … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Gains Strength On Euro Worries Posted: 08 Dec 2011 11:13 PM PST Forexpros – The U.S. dollar continued to march higher against its major counterparts Friday, as worries about the effectiveness of the European summit weigh on the euro. In late Asian trade, the greenback was up against the euro with EUR/USD shedding 0.17% to hit 1.3315. The single currency continued to be pressured by concerns that the solutions arising from the European Union summit will not be effective in stemming the debt crisis. The greenback was also up against the pound, with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bear Of The Day: Meritor, Inc. (MTOR) Posted: 08 Dec 2011 11:00 PM PST Meritor, Inc. (MTOR) is a globally recognized automotive parts supplier. However, the company has high customer concentration, which implies limited scope for margin expansion. Further, the recent turmoil in the global economy is expected to continue to mar its results.
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| Bull Of The Day: SIRIUS XM Radio (SIRI) Posted: 08 Dec 2011 11:00 PM PST We upgrade our recommendation on SIRIUS XM Radio (NASDAQ:SIRI) to Outperform, based on its huge subscriber additions, launch of new SIRIUS XM 2.0 radio, improved credit ratings and better financial outlook. The company reported highly improved financial results for the third quarter of 2011, beating both the top and bottom line Zacks estimates.
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| Growth & Income Stock: Simon Property Group, Inc. Posted: 08 Dec 2011 11:00 PM PST Simon Property Group, Inc. (NYSE:SPG) recently delivered its 11th consecutive positive earnings surprise as both occupancy rates and average rents continued to improve.
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| Momentum Stock: Yum! Brands, Inc. Posted: 08 Dec 2011 11:00 PM PST Yum! Brands, Inc. (YUM) just spiked into a new all-time high as the company continues to expand its international reach. With another strong quarter in the bag and estimates on the rise, this Zacks #2 Rank stock has an appetite for momentum.
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| Aggressive Growth Stock: NetEase.Com Posted: 08 Dec 2011 11:00 PM PST NetEase.com (NASDAQ:NTES) analysts continue to raise estimates, this time driven by the latest earnings surprise.
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| Forex – EUR/USD Lower Despite Summit Debt Brake Posted: 08 Dec 2011 10:41 PM PST Forexpros – bsp;Forexpros – The euro remained sharply lower against the U.S. dollar at the close of Asian trade Friday. Positive word from the summit, that German Chancellor Angela Merkel is creating a “new fiscal union” for euro stability, did little to stem the extreme bearishness. EUR/USD hit a low of 1.3311 during Asian trade and ended the session at 1.3325. The pair was likely to find support at 1.3294 and technical resistance exists at 1.3351. Angela Merkel stated at the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asian Stocks Lower For Second Day; Nikkei Drops 1.52% Posted: 08 Dec 2011 10:07 PM PST Forexpros – bsp;Forexpros – Asian shares fell for the second straight day due to weak economic growth and euro zone stress. During late Asian trade, Hong Kong’s Heng Seng index dropped 2.63%, Australia’s S&P/ASX200 tumbled 1.65%, while Japan’s Nikkei 225 index gave back 1.52%. China’s industrial output likely climbed only 12.6% last month, the slowest rate in over 2 years. Consumer prices also failed to meet expectations increasing only 4.2% year over year. Government figures showed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Euro Trading Off Lows On The Following: Posted: 08 Dec 2011 08:33 PM PST Sarkozy says Euro accord wont include all 27 EU nations.
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| Forex Trading: Usd/hkd Broke Through 38.2% Now Getting Close To 50% Retracement. Posted: 08 Dec 2011 07:34 PM PST usd/hkd broke through 38.2% now getting close to 50% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| 2011: The Year In Photos From The Atlantic Posted: 08 Dec 2011 05:55 PM PST Go here for Part 1, Part 2 and Part 3. HT: Paul … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Daily Commodities Update: Corn Posted: 08 Dec 2011 10:32 AM PST By ForexMansion.com By Jonah S. Ford Corn has been plumbing the depths of recent contract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Immigration: The Double-edged Sword For America Posted: 08 Dec 2011 12:57 AM PST Lately, this blog has been focusing on all Europe, all the time. I wanted to step back and write about something else. With an election year coming up in the United States, immigration is one of those hot-button issues that has been dividing people. But the electorate has to remember that the immigrant experience is part of the American Dream of rags to riches. The trend toward rising barriers to immigration, legal and otherwise, is also raising barriers to job creation and, longer term, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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