DailyMarkets.com - Forex Trading: GBPUSD Bounces Off The Channel Trendline. Test Resistance Now.

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• Forex Trading: GBPUSD Bounces Off The Channel Trendline. Test Resistance Now.
• Liberty Revises Fiscal Guidance
• FactSet Beats On Higher Revenues
• Earnings Preview: Adobe Systems
• Guilfoyle: “Gold Is Forefront”
• North Dakota’s Airports Are Booming, Thanks To The Explosive Growth In The Bakken Oil Patch
• Magna To Open Solar Plant
• BorgWarner To Convert Notes
• Will Capital Standard Be A Big Help?
• Joy Global Lags, Bookings Improve
• Symmetry Snaps Up Codman Unit
• European Stocks Plummet As Fed Says No; DAX Off 1.72%
• Markets In Everything: Butter On EBay For Norway
• Freeport To End Indonesia Strike
• FDA Clears Meridian Illumigene GBS
• Good News For Endo Pharma
• The S&P 500/Gold Ratio
• Willis Expands In Italy
• Earnings Scorecard: Smithfield
• US Stocks, Commodities Slide On EU And Fed
• Forex – Dollar Adds To Gains As Downgrade Fears Sink Euro
• Crude Oil Drops Below USD97 After U.S. Supply Data, OPEC
• Forex – GBP/USD Lower As Euro Zone Debt Woes Weigh
• Forex – EUR/USD Plumbs 11-month Low On Downgrade Fears
• Natural Gas Trades At 27-month Low On Weather Outlook
• Slippery Crude, Oil Drops As Dollar Rises
• U.S. Stocks Broadly Lower On EU Fears; Dow Drops 0.75%
• What A Drop! Euro Hits 11-month Low Below $1.30

Forex Trading: GBPUSD Bounces Off The Channel Trendline. Test Resistance Now. Posted: 14 Dec 2011 10:40 AM PST In the prior post on the GBPUSD the market was at a key level. The price had moved above the 1.5458 level and was on the verge of heading higher or selling back lower (see prior post by clicking HERE). The market chose the downside and the move to lower levels ensued.  That move found support against the bottom channel support line which came in at the 1.5408 level.  The level was too hard to pass up and traders entered – forcing the price back higher. Now the price has moved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Liberty Revises Fiscal Guidance Posted: 14 Dec 2011 10:35 AM PST Liberty Property Trust (NYSE:LRY), a real estate investment trust (REIT), has recently altered its fiscal 2011 FFO (fund from operations) guidance to better reflect the $0.04 impairment charge that was recorded in the first half of the year. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The company presently expects fiscal 2011 FFO in the range of $2.59 – $2.62 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FactSet Beats On Higher Revenues Posted: 14 Dec 2011 10:30 AM PST FactSet Research (NYSE:FDS) reported decent first quarter 2012 earnings per share (EPS) of $1.01, just ahead of the Zacks Consensus Estimate by a penny. Revenue FactSet reported total revenue of $196.4 million in the first quarter of 2012, up 12.9% from $173.3 million delivered in the year-ago quarter. The company experienced strong growth in ASV (Annual Subscription Value) from the company's portfolio analytics suite of products. The company also experienced an improvement in the number of PA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Adobe Systems Posted: 14 Dec 2011 10:20 AM PST Adobe Systems Inc. (NASDAQ:ADBE) is scheduled to announce its fourth quarter fiscal 2011 results on December 15, 2011 and we notice no movement in analyst estimates. Prior-Quarter Synopsis Adobe reported in line third quarter results, impacted by the weak European market but supported by the cost control initiatives taken by management. Adobe's total revenue was $1.01 billion, down 1.0% sequentially, due to a sluggish European market, which impacted both the key CS and the Acrobat product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “Gold Is Forefront” Posted: 14 Dec 2011 10:20 AM PST 12/14/11 Meridian Equity Partners’ Stephen Guilfoyle discusses the rising USD, the selloff in gold and expectations for the central banks in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

North Dakota’s Airports Are Booming, Thanks To The Explosive Growth In The Bakken Oil Patch Posted: 14 Dec 2011 10:12 AM PST Grand Forks Herald — “Minot's airport has moved ahead of Grand Forks International Airport this year as the third largest in the state, according to a new report from the state's Aeronautics Commission. The explosive growth in the Oil Patch the past three years is a main cause for the increase at Minot, Williston and Dickinson and it's causing lots of planning for expansion at those airports. The number of passenger boardings in Minot as of Nov. 30 was 134,789, up 67.2 percent, compared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magna To Open Solar Plant Posted: 14 Dec 2011 10:05 AM PST Magna International Inc. (NYSE:MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its position in the renewable energy market. The 166,000-square-foot facility, called Cosma Power Systems, will manufacture metal structures and roll-formed components and systems for the photovoltaic (PV), concentrated photovoltaic (CPV), and concentrated solar power (CSP) for the solar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BorgWarner To Convert Notes Posted: 14 Dec 2011 10:05 AM PST BorgWarner Inc. (NYSE:BWA) recently announced its decision to settle all conversions of its 3.50% Convertible Senior Notes that are due 2012. As per the company, the process of conversion involves providing the converting Noteholders with the shares of the company’s common stock.  BorgWarner management decided to divide the aggregate principal amount of Notes by $1,000 and then multiply the then-applicable conversion rate to calculate the number of shares of the company’s common stock to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will Capital Standard Be A Big Help? Posted: 14 Dec 2011 09:55 AM PST Learning from the past experience of losing ground due to the weak capital level of banks, U.S. regulators are now focused on framing policies and standards at length. The precautionary measures include setting stricter capital requirements than what is required in a steady and growing economy. Moreover, the upcoming international banking regulations require banks to build their financial muscles. But the question is, how effective will this be to cure the economic infirmity? Though many would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Joy Global Lags, Bookings Improve Posted: 14 Dec 2011 09:50 AM PST Joy Global Inc. (JOY) reported adjusted earnings of $1.83 per share in the fourth quarter of fiscal 2011, compared with $1.39 per share in the fourth quarter of fiscal 2010. The results of the company were 2 cents lower than the Zacks Consensus expectation of $1.85 for the quarter. Fiscal 2011 adjusted earnings of Joy Global were $5.92 per share, compared with $4.40 per share in fiscal 2010. The results of the company were 4 cents higher than the Zacks Consensus expectation of $5.88 for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Symmetry Snaps Up Codman Unit Posted: 14 Dec 2011 09:50 AM PST Symmetry Medical (NYSE:SMA), which supplies instruments to orthopedic devices makers, reported that it has struck a definitive agreement to purchase the surgical instruments unit of Codman & Shurtleff Inc. (“Codman”). Codman, a part of Johnson & Johnson's (NYSE:JNJ) DePuy family of companies, makes devices for neurological disorders. Its leading brands include the BOOKWALTER retractor systems, OPTI-LENGTH extended length surgical instruments, QUAD-LOCK sterilization container systems and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Plummet As Fed Says No; DAX Off 1.72% Posted: 14 Dec 2011 09:50 AM PST Forexpros – European shares closed lower across the board on Wednesday as the Federal Reserve said no to further economic stimulus in the world’s largest economy. After the close of European trade, the EURO STOXX 50 was lower by 2.44%, France’s CAC 40 plunged 3.33%, while Germany’s DAX 30 spiraled lower by 1.72%. Meanwhile, in the U.K. the FTSE 100 dropped 2.25%. The Fed said no to lower borrowing costs and instituting a new quantitative easing package in a statement yesterday. This lack … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Butter On EBay For Norway Posted: 14 Dec 2011 09:49 AM PST Here’s an eBay listing for 1.5 kg of butter (about 3.3 pounds) to be shipped from Germany to Norway for $67 plus $21.50 shipping.  Buyer is responsible for Norway’s import duty of about $4.25 per kg. ($6.38 total), for a total cost of about $95 for 3.3 pounds of butter, or about $29 per pound.  And shipping takes 7-8 days, so the Norwegians better order soon to get their German butter in time for holiday baking.   Here’s another listing, this one is from the Netherlands … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Freeport To End Indonesia Strike Posted: 14 Dec 2011 09:35 AM PST A wage deal has been reached to end a three-month strike at a giant gold and copper mine in Indonesia owned by US company Freeport McMoRan Copper & Gold Inc. (NYSE:FCX). As per Freeport Indonesia's Union, the two sides have agreed to pay 37% increase over two years including 24% rise in its first year to end the longest-running industrial dispute in Indonesia. Around 8,000 of Freeport's 23,000 workers in Indonesia's Papua province have been on strike since Sept. 15, crippling production … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Clears Meridian Illumigene GBS Posted: 14 Dec 2011 09:20 AM PST Diagnostic test kits maker Meridian Bioscience (NASDAQ:VIVO) has won the approval of the U.S. Food and Drug Administration ("FDA") for its new illumigene GBS (Group B streptococcus) test. This is the company's second molecular test in its illumigene platform. GBS, a bacterial infection, can cause serious illnesses and is associated with maternal and neonatal morbidity. It can also affect babies during pregnancies. The U.S. Centers for Disease Control and Prevention ("CDC") has recommended … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News For Endo Pharma Posted: 14 Dec 2011 09:10 AM PST Endo Pharmaceuticals' (NASDAQ:ENDP) pain portfolio received a boost when the US Food and Drug Administration (FDA) approved the new formulation of its painkiller Opana ER. The new formulation of Opana ER is designed to resist attempts of crushing, breaking, pulverizing or powderizing the product. The candidate aims to bring relief to patients suffering from moderate-to-severe pain and in need of continuous opioid treatment for an extended period of time. We note that the path for US approval of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The S&P 500/Gold Ratio Posted: 14 Dec 2011 09:04 AM PST On Wednesdays, the focus here at the Stock Chartist blog is on individual stocks or ETFs and the topic today is GLD.  GLD is the 2nd-highest capitalized ETF behind only SPY; it's nearly triple the capitalization of QQQ. Some can … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis Expands In Italy Posted: 14 Dec 2011 08:50 AM PST Willis Italy, part of  Willis Group Holdings (NYSE:WSH) acquired Broking Italia SRL. However, terms of the deals were not announced. Broking Italia specializes in Employee Benefits and pension programs. The acquisition made by the company will further augment its presence in Italy, aiding Willis to write more business going forward, thereby aiding top-line growth. On the flip side, the clients of Broking Italia will have an exposure to extensive global network. The company reported a strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Smithfield Posted: 14 Dec 2011 08:35 AM PST Smithfield Foods Inc.(NYSE:SFD) announced its financial results for the second quarter 2012 on December 8. Earnings Review Smithfield posted adjusted earnings of 76 cents per share for the second quarter of fiscal 2012, which surpassed the Zacks Consensus Estimate of 69 cents by 10.1%, driven by strong fresh pork earnings and double-digit exports in spite of higher raw material costs. However, it lagged the prior-year quarter earnings of 86 cents. During the quarter, total sales recorded a decent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks, Commodities Slide On EU And Fed Posted: 14 Dec 2011 08:10 AM PST 12/14/11 US equity averages tracked global markets lower, as ongoing concerns over the European debt crisis and lack of FOMC action weighed on sentiment. EUR/USD fell below the $1.30 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Adds To Gains As Downgrade Fears Sink Euro Posted: 14 Dec 2011 07:57 AM PST Forexpros – The U.S. dollar added to broad gains against its major counterparts on Wednesday, as lingering fears over the threat of sovereign ratings downgrades across the euro zone supported safe have demand. During U.S. morning trade, the dollar rose to an 11-month high against the euro, with EUR/USD shedding 0.58% to hit 1.2960. Concerns over mass ratings cuts across the euro zone persisted despite fair investor demand at auctions of Italian and German government debt earlier in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Drops Below USD97 After U.S. Supply Data, OPEC Posted: 14 Dec 2011 07:55 AM PST Forexpros – Crude oil futures extended sharp losses on Wednesday, trading at the lowest level in nearly three-weeks after a report showed that U.S. crude supplies fell slightly less-than-expected last week and after OPEC agreed on an output limit. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD96.16 a barrel during U.S. morning trade, plunging 3.98%. It earlier fell by as much as 4.1% to trade at USD96.05 a barrel, the lowest since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Lower As Euro Zone Debt Woes Weigh Posted: 14 Dec 2011 07:50 AM PST Forexpros – The pound was lower against the U.S. dollar on Wednesday, as fears over the threat of widespread sovereign ratings downgrades in the euro zone spurred a flight to the relative safety of the greenback. GBP/USD hit 1.5434 during U.S. morning trade, the pair's lowest since November 25; the pair subsequently consolidated at 1.5436, shedding 0.27%. Cable was likely to find support at 1.5330, the low of September 23 and resistance at 1.5531, the days high. Concerns over mass … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Plumbs 11-month Low On Downgrade Fears Posted: 14 Dec 2011 07:43 AM PST Forexpros – The euro slumped to an 11-month low against the U.S. dollar on Wednesday, as speculation over euro zone sovereign ratings downgrades supported demand for the safety of the greenback. EUR/USD hit 1.2991 during U.S. morning trade, the pair's lowest since January 12; the pair subsequently consolidated at 1.2982, shedding 0.42%. The pair was likely to find support at 1.2872, the low of January 10 and resistance at 1.3064, the session high. Sentiment on the euro has weakened in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Trades At 27-month Low On Weather Outlook Posted: 14 Dec 2011 07:33 AM PST Forexpros – Natural gas futures fell sharply on Wednesday, trading at the lowest level since September 2009 as ongoing concerns over warm winter temperatures and worries about growing U.S. inventory levels continued to dampen sentiment on the heating fuel. On the New York Mercantile Exchange, natural gas futures for January delivery traded at USD3.193 per million British thermal units during U.S. morning trade, plunging 2.6%. It earlier fell by as much as 2.75% to trade at USD3.182 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Slippery Crude, Oil Drops As Dollar Rises Posted: 14 Dec 2011 02:15 AM PST 12/14/11 Front month crude continued to slide this afternoon following a surging dollar and persistent EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Broadly Lower On EU Fears; Dow Drops 0.75% Posted: 14 Dec 2011 07:12 AM PST Forexpros – U.S. stock markets were broadly lower after the open on Wednesday, as growing fears that euro zone's sovereign debt crisis was worsening prompted investors dump riskier assets. During early U.S. trade, the Dow Jones Industrial Average fell 0.75%, the S&P 500 index dropped 0.9%, while the Nasdaq Composite index tumbled 1.1%. Concerns over the euro zone's debt crisis intensified after Italy's Treasury sold the full targeted amount of EUR3 billion of five-year government … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What A Drop! Euro Hits 11-month Low Below $1.30 Posted: 14 Dec 2011 02:00 AM PST 12/14/11 The euro fell below a landmark of $1.30 today after Italian borrowing costs surged and ECB lending to Spanish banks increased the most in a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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