Tuesday, December 6, 2011

DailyMarkets.com - Forex Trading: Usd/sgd Continue To Trade Sideways In The Hourly Chart.

DailyMarkets.com - Forex Trading: Usd/sgd Continue To Trade Sideways In The Hourly Chart.

Forex Trading: Usd/sgd Continue To Trade Sideways In The Hourly Chart.

Posted: 06 Dec 2011 05:34 PM PST

usd/sgd is staying in this sideways channel in this hourly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Report Shatters The Myth Of Energy Scarcity And Highlights America’s Vast Energy Resources

Posted: 06 Dec 2011 04:52 PM PST

Here are some excerpts from a new energy study titled “North American Energy Inventory” from The Institute for Energy Research: 

Letter from the President (Thomas J. Pyle): “Access to affordable, abundant energy is, fundamentally, a means of freedom. But for those seeking to create a crisis that provides an opportunity to direct the way we live, work and act, affordable, reliable, abundant, domestic energy is a threat. In a very real sense, the more energy we have, the less power they … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australia’s GDP Rises Less-than-expected

Posted: 06 Dec 2011 04:45 PM PST

Forexpros – Australia's gross domestic product rose less-than-expected in the last quarter, official data showed on Wednesday.

In a report, Australian Bureau of Statistics said that Australia's GDP rose to a seasonally adjusted 1.0%, from 1.2% in the preceding quarter.

Analysts had expected Australia's GDP to rise 1.2% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Firms On Continued Hopes For End To Crisis

Posted: 06 Dec 2011 04:41 PM PST

Forexpros – The euro held steady against the U.S. dollar on Wednesday, opening slightly higher as traders shrugged off a threat from the Standard & Poor\’s ratings agency to downgrade a key emergency fund, while renewed faith that European leaders will navigate the continent out of the debt crisis also bolstered the unit.

Healthy German economic data buoyed the currency as well.

EUR/USD hit 1.3405 during early Asian trading, up 0.03% from yesterday’s close.

The pair sought to test … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 06 Dec 2011 04:10 PM PST

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

EUR/USD was trading at 1.3409, up 0.05% at time of writing.

The pair was likely to find support at 1.3334, Tuesday's low, and resistance at 1.3550, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8596 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Blue Unveils Racetrack Memory

Posted: 06 Dec 2011 03:58 PM PST

12/06/11 IBM revealed a prototype of its Racetrack memory chip, which provides faster data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: At Resistance

Posted: 06 Dec 2011 03:35 PM PST

Cusick’s Corner
The market has been in a holding pattern, unable to get through resistance at 1265 on the S&Ps. Financials have been the leading sector, the latest stress test results and potential shifting funding requirements could potentially weigh on that leadership. All eyes will be on the EU for the remainder of the week with the data due out from Germany, France, Italy and UK, which may reveal how slow things are. I would like to see a successful challenge of the 200-Day Moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A.M. Best Affirms Cigna Rating

Posted: 06 Dec 2011 03:35 PM PST

As a part of its annual rating review process, rating agency A.M. Best undertook its rating action on CIGNA Corp. (NYSE:CI). The action resulted in affirmation of the company's issuer credit rating (ICR) of "bbb" and financial strength rating of "A", with a stable outlook.
The rating agency acknowledged Cigna's solid operating performance due to lower medical utilization, favorable prior year reserve release and strong specialty earnings.
The rating agency is also positive on Cigna's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 06 Dec 2011 03:35 PM PST

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

NZD/USD was trading at 0.7800, up 0.03% at time of writing.

The pair was likely to find support at 0.7724, Thursday's low, and resistance at 0.7839, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.001% to hit 1.3136 and EUR/NZD rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Watch Continues

Posted: 06 Dec 2011 03:20 PM PST

12/06/11 The US economic calendar will be fairly muted on Wednesday. Developments from the Euro-zone will continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon And Leap Swap Spectrum

Posted: 06 Dec 2011 03:15 PM PST

The largest U.S. mobile service provider Verizon Communications (NYSE:VZ) has entered into a deal to swap its wireless airwaves with the low-cost wireless service provider Leap Wireless (NASDAQ:LEAP).
Verizon is moving quickly to acquire more spectrum licenses to support its video content and other data services in its rapidly growing smartphone market. The demand for Apple Inc.'s (NASDAQ:AAPL) iPhone 4 and 4S is also gaining traction.
We believe the purchase of new spectrum will boost Verizon's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allegheny Joins Forces With Goodrich

Posted: 06 Dec 2011 03:15 PM PST

Allegheny Technologies Incorporated (NYSE:ATI) inked a long-term sourcing agreement with the Goodrich Corporation (NYSE:GR) for the supply of aerospace forgings used for landing gear components. This agreement boosts Allegheny's position in the aerospace supply chain.
The terms of the agreement, which begins in 2012 and lasts through 2015, were not disclosed.
As per the agreement, ATI will supply components for aerospace landing gear to Goodrich's Landing Gear facilities in the U.S., Canada and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Symantec Rolls Out Backup Solutions

Posted: 06 Dec 2011 03:05 PM PST

New product introduction is becoming routine for Internet security major Symantec Corporation (NASDAQ:SYMC). The company recently unveiled the partner-only beta release of Backup Exec 2012 and Backup Exec 2012 Small Business Edition. These backup solutions would be available through the company's distribution channel.
The mainstream use of virtualization, Data explosion and a 24/7 business model have posed a significant backup challenge for IT organizations. Moreover, with the introduction of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hartford Vends Private Placement Unit

Posted: 06 Dec 2011 02:51 PM PST

Yesterday, Hartford Financial Services Group Inc. (NYSE:HIG) announced an agreement to sell its subsidiary Hartford Life Private Placement (HLPP) to Philadelphia Financial Group Inc. for $117.5 million. The transaction is subject to regulatory approval and closing conditions and is expected to culminate in 2012.
The purchase deal will be financed by Reinsurance Group of America Inc. (RGA), while Evercore Partners Inc. (NYSE:EVR) acted as the financial advisors to Philadelphia Financial.
HLPP is an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schlumberger Sells Rigs To Saxon

Posted: 06 Dec 2011 02:35 PM PST

In an attempt to focus on its core business of providing services for rigs, Schlumberger Limited (NYSE:SLB) is selling its rig management business to Calgary-based Saxon Energy Services that it partly owns.
Per the deal, Saxon has purchased the Schlumberger Rig Management Group comprising units in Oman, Pakistan and Venezuela. Saxon would absorb 14 land drilling rigs as well as their crew as it expands into the Middle East.
The agreement is expected to strengthen the ties of the two companies in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deal Wins Continue For BMC

Posted: 06 Dec 2011 02:35 PM PST

Global software major BMC Software Inc. (NYSE:BMC) recently announced that it has won a new contract from Canadian North Airlines, a major provider of scheduled passenger and cargo services in Canada. As per the deal, BMC will provide its highly efficient and cost effective software-as-a-service (SaaS)-based help desk and IT systems support solution, Remedyforce Service Desk to Canadian North Airlines to efficiently address its IT requirements.
The airline presently deploys distributed web-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shale Gas Will Increase Jobs, GDP, Tax Revenues And Industrial Output, And Lower Elec. Costs

Posted: 06 Dec 2011 02:35 PM PST

Bloomberg reports on a new study from IHS Global Insight about the benefits of shale gas drilling for the U.S. economy, here are some highlights:

1. Producing natural gas from shale will support 870,000 U.S. jobs and add $118 billion to economic growth in the next four years.

2. Gas from shale, which accounts for 34% of U.S. output, also will contribute $57 billion in federal, state and local taxes by 2035, or $933 billion in the next 25 years. 

3. The shale-gas contribution to U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Daily Candle Closing Higher From Base.

Posted: 06 Dec 2011 02:33 PM PST

usd/hkd is closing higher then the base"support" from the last few days signaling there might be a deeper retracement on this recent sharp downward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Testimonial, Some One Likes Us

Posted: 06 Dec 2011 02:25 PM PST

Looks like some of the old hand like what we do. Jon Thomas of the very successful madehedgefund.com trader likes our cycle chart.

NOTE: The photo is not Jon Thomas (I hope this keeps our legal bills down).

See our chart (scroll down) posted in his blog here : There is a Method to My … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dover’s 2012-2014 Vision

Posted: 06 Dec 2011 02:15 PM PST

Dover Corp. (NYSE:DOV) at its investor day highlighted its growth expectations for 2012 through 2014. The company has backed its earlier guidance meant for fiscal 2011.
For fiscal 2011, Dover reiterated its full year revenue growth projection of 20% climbing to approximately $8.2 billion. This includes organic revenue growth of 13% and 7% from acquisitions. Segment margin is projected at 16.8%. The company maintained its EPS guidance in the range of $4.45–$4.50. Estimated free cash flow is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aetna Enhances Shareholder Value

Posted: 06 Dec 2011 02:05 PM PST

Last Friday, health insurer Aetna Inc. (NYSE:AET) announced that it has increased its quarterly dividend by 17% to 17.5 cents per share. The new dividend will be paid on January 27, 2012, to shareholders of record as on January 13, 2012.
With this increase, Aetna's annualized dividend yield has moved to 1.7% from 1.5%. This keeps the company ahead its peers including UnitedHealth Group Inc. (NYSE:UNH) (offers 1.3% dividend yield), WellPoint Inc. (NYSE:WLP) (1.5%), Humana Inc. (NYSE:HUM) (1.0%) and CIGNA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Bailout Fund News Lifts Stocks

Posted: 06 Dec 2011 09:00 AM PST

12/06/11 NYFP’s Closing Bell Report: US stocks received a late afternoon boost following reports that EU officials may create a second bailout fund to help contain the debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 06 Dec 2011 01:55 PM PST

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3399, down 0.02% at time of writing.

The pair was likely to find support at 1.3334, today's low, and resistance at 1.3550, Friday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.30% to hit 0.8590 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Trouble To Come

Posted: 06 Dec 2011 01:53 PM PST

One key theme of my last two books, Financial Armageddon (published in 2007) and When Giants Fall (published in 2009), was that we could expect to see a dramatic increase in social instability and political upheaval in the years ahead.
Given what has happened over the past 12 months or so, that looks to have been a prescient forecast.
But it really wasn’t rocket science. It was simply a matter of looking back in time and noting the strong historical relationship between economic circumstances … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Stocks To Watch For Short Term

Posted: 06 Dec 2011 01:40 PM PST

( click to enlarge )

MercadoLibre, Inc. (NASDAQ:MELI) was very strong trading 3x normal daily volume. MELI had big buyers in it all day and looks ready to make another move tomorrow.

( click to enlarge )

Advance America, Cash Advance Centers (NYSE:AEA) has made a new 52-week high of $9.44, after gaining 2.19% in today’s trading. The 52-week range for AEA is $4.70-$9.44. Although sentiment remains bullish on the stock, overbought conditions could see a corrective decline in the coming sessions. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Broke Through The Upward Trend-line.

Posted: 06 Dec 2011 01:33 PM PST

usd/cnh broke through the upward trend-line giving a bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Mixed At Close; Dow Jones Up 0.43%

Posted: 06 Dec 2011 01:20 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.43%, the S&P 500 index gained 0.11%, while the Nasdaq 100 index declined 0.23%.

Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was down 0.68%; Germany's DAX shed 1.27%; Britain's FTSE 100 climbed 0.01%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NuStar To Raise Fresh Capital

Posted: 06 Dec 2011 01:11 PM PST

San Antonio-based publicly traded partnership NuStar Energy L.P. (NYSE:NS) has commenced a public offering of 5,250,000 common units representing limited partner interests.
The transportation and storage master limited partnership (MLP) also intends to provide the underwriters with a 30-day option to purchase up to 787,500 additional common units to cover over-allotments, if any. NuStar plans to use the net proceeds from this offering to pay back the outstanding debt under its revolving credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Fire Control Sys For AH-1Z

Posted: 06 Dec 2011 01:11 PM PST

Largest defense contractor, Lockheed Martin Corporation (NYSE:LMT) has received two contracts worth $30.6 million to provide a fire control system known as the Target Sight System ("TSS") for AH-1Z Cobra attack helicopter. The contract calls for Lockheed to provide spare units and parts as well as program support for the AH-1Z fleet.
Manufactured at facilities in Ocala and Orlando, Florida, TSS is a multi-sensor electro-optical/infrared fire control system ("AN/AAQ-30"). It integrates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 06 Dec 2011 12:55 PM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.5596, down 0.34% at time of writing.

The pair was likely to find support at 1.5561, today's low, and resistance at 1.5756, Thursday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.35% to hit 0.8594 and GBP/JPY falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walmart Settles Fiduciary Lawsuit

Posted: 06 Dec 2011 12:50 PM PST

Walmart Stores (NYSE:WMT) settled a long-running class-action lawsuit alleging that the retail giant had breached the retirement benefits of its 2 million past and present workers.
Merrill Lynch, a unit of Bank of America Corporation (NYSE:BAC), was also involved in the lawsuit as it acted as retirement plan administrator to the world's largest private employer, Walmart.
The duo agreed to pay a total of $13.5 million to settle the matter, and also agreed to remove mutual funds that charge high fees … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 06 Dec 2011 12:30 PM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.

USD/CHF was trading at 0.9262, up 0.61% at time of writing.

The pair was likely to find support at 0.9072, Thursday's low, and resistance at 0.9296, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.3408 and USD/JPY falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 06 Dec 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.

USD/CAD was trading at 1.0092, down 0.69% at time of writing.

The pair was likely to find support at 1.0080, Friday's low, and resistance at 1.0223, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.08% to hit 1.3413 and GBP/USD falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 06 Dec 2011 04:32 AM PST

By ForexMansion.com
By, James A. Hyerczyk
A late session rise in U.S. equity indices after the FTSE close is likely to lead to a higher opening in the index on Wednesday. The index has been slowly creeping along with a slight bias to the upside since last week's expanded range breakout. The short-term higher-top, higher-bottom formation suggests the FTSE is getting ready to launch another breakout to the upside.

With a key short-term bottom at 5521.91 and a pair of main intraday bottoms at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, December 7, 2011

Posted: 06 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, December 7, 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
109.14
− 0.09
109.08
109.14

Neutral

BND – Vanguard Total Bond Market ETF
83.30
− 0.13
83.30
83.32

Neutral

DBC – DB Commodity Index Tracking Fd
27.78
+ 0.54
27.72
27.49

Bullish

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

The Trend Trader For Stock Trading On Wednesday, December 7, 2011

Posted: 06 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, December 7, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.92
− 0.80
9.97
9.75

Neutral

AXP – American Express Company
48.56
− 0.45
48.64
47.58

Neutral

BA – Boeing Co
70.87
− 0.31
71.30
69.27

Neutral

BAC – Bank of America Corporation
5.78
− 0.17
5.78
5.52

Bullish

CAT – Caterpillar Inc
95.96
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, December 7, 2011

Posted: 06 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, December 7, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1255.00
0.00
1253.72
1225.17

Bullish

Dow Jones – Dec YMZ1
12112
+ 0.38
12084
11830

Bullish

Nasdaq – Dec NQZ1
2321.50
− 0.15
2322.47
2275.42

Neutral

Russell – Dec TFZ1
743.50
− 0.36
742.19
717.97

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
140-23
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, December 7, 2011

Posted: 06 Dec 2011 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, December 7, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0244
− 0.25
1.0242
1.0110

Bullish

EURUSD – Euro / US Dollar
1.3400
+ 0.01
1.3415
1.3403

Bearish

GBPUSD – British Pound / US Dollar
1.5598
− 0.30
1.5630
1.5611

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0095
− 0.71
1.0148
1.0240

Bearish

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

Daily Indices Update:  Germany 30 (DE30)

Posted: 06 Dec 2011 04:03 AM PST

By ForexMansion.com
By, James A. Hyerczyk
After several hours of sideways action fueled by trader indecision, the Germany 30 (DE30) index CFD broke out over the downtrending resistance line of a triangle chart pattern on the 30-minute chart. The size of the candlestick indicates strong momentum that could trigger a drive into the Autochartist forecast price zone at 6126.44 to 6208.96.

The overall quality of the chart pattern is 7-bars. The initial trend which measures the strength of the trend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Heating Oil

Posted: 06 Dec 2011 01:32 AM PST

By ForexMansion.com
By Jonah S. Ford
Heating Oil futures held key support in Tuesday's session as the broader energy complex continues to benefit from rising tension in the Persian Gulf. The modest rise formed a swing low to complete the most recent leg of a large Rising Wedge chart pattern, identified here on the Autochartist 240-minute time frame.    

This Rising Wedge chart pattern is now well-established, registering an Initial Trend reading of 10 bars. The overall Quality … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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