Thursday, December 22, 2011

DailyMarkets.com - Forex Trading: USDSGD Holding 61.8%

DailyMarkets.com - Forex Trading: USDSGD Holding 61.8%

Forex Trading: USDSGD Holding 61.8%

Posted: 22 Dec 2011 05:18 PM PST

Forex Trading: Usd/cnh Broke Through Support Level.

Posted: 22 Dec 2011 05:18 PM PST

usd/cnh broke through this support level at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Staying Range Bound In This Wedge.

Posted: 22 Dec 2011 05:18 PM PST

usd/sgd staying range bound in this wedge, while we are in the holiday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 22 Dec 2011 04:35 PM PST

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

USD/JPY was trading at 78.18, up 0.02% at time of writing.

The pair was likely to find support at 77.69, Wednesday's low, and resistance at 78.21, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.03% to hit 1.3055 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lurking In The Shadows

Posted: 22 Dec 2011 04:20 PM PST

A spate of better-than-expected economic reports has spurred growing talk of a U.S. recovery. In fact, many observers are convinced that the post-crisis low is in, and that it’s onward and upward from here. One problem with this view, however, is that some of the data we are getting is not all that accurate, as I noted in “More of Less.” Perhaps more importantly, the headline statistics don’t  necessarily tell the whole story (as I alluded to in “Thinking Like a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 22 Dec 2011 04:10 PM PST

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

EUR/USD was trading at 1.3054, up 0.03% at time of writing.

The pair was likely to find support at 1.2983, Monday's low, and resistance at 1.3196, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8324 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DOJ Approves NYSE-Deutsche Börse Merger

Posted: 22 Dec 2011 03:58 PM PST

12/22/11 The Justice Department cleared the way for the merger of NYSE Euronext and Deutsche Börse AG. The antitrust clearance requires Deutsche Börse selling its stake in Direct Edge Holdings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 22 Dec 2011 03:35 PM PST

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

NZD/USD was trading at 0.7740, down 0.03% at time of writing.

The pair was likely to find support at 0.7542, Monday's low, and resistance at 0.7775, Wednesday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.05% to hit 1.3091 and EUR/NZD falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Las Vegas Sands Remains Neutral

Posted: 22 Dec 2011 03:30 PM PST

We are maintaining our Neutral recommendation on Las Vegas Sands Corp. (NYSE:LVS) as the shares appear to be fairly valued. Headquartered in Las Vegas, Nevada, the company is a leading international developer of multi-use integrated resorts.
Las Vegas' third quarter 2011 adjusted earnings of 55 cents surpassed the Zacks Consensus Estimate of 53 cents on higher-than-expected top-line growth and margin expansion. Quarterly revenues climbed 26.2% year over year to $2.41 billion, outperforming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Durable Goods Highlight Calendar

Posted: 22 Dec 2011 10:20 AM PST

12/22/11 Ahead of the holiday weekend, more US housing data will be released. Durable goods orders are expected to show an improvement in the latest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Linear Bulks Up With WSN Provider

Posted: 22 Dec 2011 03:15 PM PST

Linear Technology Corp. (NASDAQ:LLTC) has acquired Dust Networks, Inc., a leading provider of low-power wireless sensor network (WSN) technology. Terms of the transaction were not disclosed.  Linear stated that the acquisition will not have any impact on its financial results in the short term.
Dust Networks provides ultra low-power, highly reliable systems to industrial automation vendors. Dust products provide flexible wireless networking capabilities required for industrial monitoring and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eastman Lays Tow Acetate Foundation

Posted: 22 Dec 2011 03:05 PM PST

Eastman Chemical Company (NYSE:EMN) has recently laid the foundation of a new plant in Heifei, China, to manufacture acetate tow. The new facility will be operated and owned by Eastman Shuangwei Fibers Company (ESFCL), which is in partnership with China National Tobacco, and it is estimated to generate 30,000 metric tons of acetate tow on the completion of the plant.
Owing to this joint venture, Eastman will be able to extend its operations into the world's rapidly growing economy, China, where … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Continues To Expand In Africa

Posted: 22 Dec 2011 02:50 PM PST

This year, Africa emerged as the growth focus for information technology (IT) giant IBM Corp. (NYSE:IBM), as the company continues to extend its support toward the banking and financial services sector across the continent.
IBM recently revealed the details of the strategic agreements that it has entered with five Kenyan banks. Under the terms of the agreement, IBM will provide advanced technologies to the Kenyan banks that are expected to support rapid growth, increase profitability and launch … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CVS Provides Solid 2012 Guidance

Posted: 22 Dec 2011 02:40 PM PST

Recently, at the annual Analyst Day in New York City, CVS Caremark (NYSE:CVS) revealed its fiscal 2012 guidance and also reiterated its 2011 guidance. Based on consistently improving performance, CVS is well on track to provide solutions to counter the recent market headwinds.
The company is confident that with its several products and services it can meet the fleeting demands of the market and drive profitability over the long term. 
For 2012, CVS Caremark expects GAAP EPS in the range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks End Higher, Techs Soar

Posted: 22 Dec 2011 02:30 PM PST

12/22/11 The major US equity averages shrugged off the downward GDP revision and cheered the decline in jobless claims. The tech sector posted a relief rally with Akamai and Micron Technology shares surging on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stocks To Watch Before Christmas Day

Posted: 22 Dec 2011 02:23 PM PST

 ( click to enlarge )

Greetings everybody !!! JKS strong enough to say………..and the Bulls are back!  JinkoSolar Holding Co., Ltd.  (JKS) was an alert from Wednesday at $5.25 via twitter and it closed the day at $5.83 for gains of over 10%.  The stock price also broke above the 20-day SMA accompanied by large volume, a sign that the sky rocketing action has credibility and is not just some result of speculations. The price can head towards the $6.95-$7 zone. If this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ventas Subsidiary Closes Term Loan

Posted: 22 Dec 2011 02:20 PM PST

Ventas, Inc. (NYSE:VTR) recently announced that its subsidiary, Ventas Realty Limited Partnership, has obtained a new $500 million unsecured term loan. The term loan consists of two tranches, a 3-year and a 5-year maturity and also bears the option of extending its borrowing capacity to $900 million.
The company expects to use the proceeds from the term loan to repay borrowings outstanding on its $2 billion unsecured revolving credit facility and for general corporate purposes. 
Through the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CenturyLink Upgraded To Outperform

Posted: 22 Dec 2011 02:05 PM PST

We have upgraded our long-term rating on CenturyLink Inc. (NYSE:CTL) to Outperform from Neutral on the back of synergies expected from the Embarq, Qwest and Savvis acquisitions. We believe the three acquisitions would generate annual synergies of $1 billion when fully realized.
Although the acquisitions and mergers would increase the company's operating costs and debt, we believe these would provide excess synergies going forward and boost the company's competitive position against its two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

E*TRADE Settles Allegations

Posted: 22 Dec 2011 02:00 PM PST

Yesterday, New York-based online brokerage firm E*TRADE Financial Corporation (NASDAQ:ETFC) and its insurers entered into an agreement to settle the allegations against the company and some of its former executives filed in 2007, according to the regulatory filing. The agreement awaits court approval, which is expected in the first quarter of 2012.
E*TRADE agreed to pay $10.75 million out of total settlement of $79 million, with the balance being paid by the insurers. The company will reflect the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Miracle Of The U.S. Manufacturing Sector

Posted: 22 Dec 2011 01:46 PM PST

Following up on the “Magic and Miracle of the Marketplace” post below, the chart above shows that the decline in prices over time has taken place for almost all manufactured goods, not just for electronics.  As a percent of consumer expenditures, the combined share of spending on food, cars, clothing and household furnishings (furniture, appliances, etc.) has fallen over time from close to 50% in the late 1940s to close to 16% in 2010.  This decline in spending over time on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Unicom Adds 3G Users

Posted: 22 Dec 2011 01:40 PM PST

China’s second largest mobile operator China Unicom (NYSE:CHU) added 3.60 million subscribers in November, up 1.9% from the prior month. This takes the company's total customer base to 196 million.
The company's GSM subscriber base rose to 159.44 million with the net addition of 0.21 million customers, while its 3G subscriber base increased to 36.53 million with net addition of 3.38 million in November. China Unicom added more 3G subscribers in November compared to 2.92 million in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ECB Tries Quenching Thirsty Banks

Posted: 22 Dec 2011 01:30 PM PST

The European Central Bank (ECB) has been overwhelmed by the rush for cheap three-year loans. The demand for these loans has far exceeded expectations — a fact that underscores the difficult times the banking system is going through.
A system whose raw material is money has been facing severe liquidity constraints in the wake of the crisis in Europe. Given the scale of the crisis and debts maturing in 2012, the system could well do with a few more liquidity shots of this nature.
According to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Higher On Strong Economic Numbers; DOW Up 0.51 %

Posted: 22 Dec 2011 01:26 PM PST

Forexpros – bsp;- U.S. shares moved higher on the session Thursday on strong domestic economic numbers. At the close of U.S. trade, the Dow Jones Industrial Average sdded 0.51%, the S&P 500 gained by 0.84% and the Nasdaq Composite index advanced 0.83%.

Stronger than expected jobless claims, leading indicators and consumer confidence triggered the bullish buying on the trading day.

European fears failed to stifle the U.S. stock buying fervor as the S&P 500 closed higher for the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lindsay Tops Estimates

Posted: 22 Dec 2011 01:20 PM PST

Lindsay Corporation's (NYSE:LNN) adjusted EPS of 60 cents per share for the fiscal first quarter 2012 outperformed the Zacks Consensus Estimate of 46 cents. Results improved 58% from the prior-year quarter's earnings of 38 cents per share.
Including 37 cents per share of accrued expense related to an estimated increase in the company's liability for environmental remediation at its Lindsay, Nebraska facility, EPS in the quarter was 23 cents. Including a similar expense in the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Edison Secures Fund For Wind Energy

Posted: 22 Dec 2011 01:05 PM PST

An Edison International (NYSE:EIX) subsidiary, Edison Mission Energy ("EME") has completed $242 million financing for its three contracted wind energy projects with a generation capacity of 204 MW.
The financing portfolio comprises a $214 million fully amortizing 10-year term loan facility, and a 10-year letter of credit and working capital facilities totaling $28 million. The transaction carries an interest rate of 250 basis points over London Interbank Offered Rate ("LIBOR"). The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Lower On ETF Selling

Posted: 22 Dec 2011 01:02 PM PST

Forexpros – bsp;- Gold futures fell for the third time in four trading sessions on Thursday due to a sell off in gold based Exchange Traded Funds and strength in the U.S. job market.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1606.35 a troy ounce during late U.S. trade dropping 0.45%.

It earlier hit a high of USD1618.55 and a low of 1599.65.

Gold futures were likely to find support at USD1605.01 and technical resistance exists … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LabCorp’s New Credit Facility

Posted: 22 Dec 2011 12:50 PM PST

Laboratory Corporation of America Holdings (NYSE:LH) has entered into a new $1 billion credit facility consisting of a five-year Revolving Facility in the principal amount of $1.0 billion. Besides general corporate purposes, the new facility will be used for capital expenditures, acquisitions, funding of share repurchases and repayment of outstanding amounts under the previous revolving credit facility and term loan.
LabCorp has borrowed $560.0 million under the Revolving Facility and $37.4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TOTAL Expands Antwerp Platform

Posted: 22 Dec 2011 12:35 PM PST

Integrated oil and gas company TOTAL S.A. (NYSE:TOT) expanded its operation in the major Belgium port of Antwerp by acquiring the 35% interest owned by ExxonMobil (NYSE:XOM) in Fina Antwerp Olefins.                                 
TOTAL already has a 65% interest in Fina Antwerp Olefins, which is one of the largest base chemical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Action Date For Pfizer’s Tofacitinib

Posted: 22 Dec 2011 12:25 PM PST

Pfizer Inc. (NYSE:PFE) recently announced that the new drug application (NDA) for its rheumatoid arthritis candidate, tofacitinib, has been accepted by the US Food and Drug Administration (FDA) for review. Pfizer is looking to get the candidate approved for the treatment of adult patients with moderately to severely active rheumatoid arthritis (RA).
With the FDA accepting Pfizer's application for tofacitinib, a response should be out in August 2012. Pfizer is also seeking approval for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

From Rags To Riches: Fighting India’s Caste System With Capitalism: From The “Village To The Palace”

Posted: 22 Dec 2011 12:12 PM PST

NEW YORK TIMES — “As the founder of a successful offshore oil-rig engineering company, Mr. Ashok Khade is part of a tiny but growing class of millionaires from the Dalit population, the 200 million so-called untouchables who occupy the very lowest rung in Hinduism's social hierarchy.

"I've gone from village to palace," Mr. Khade exclaimed, using his favorite phrase to describe his remarkable journey from the son of an illiterate cobbler in the 1960s to a wealthy business partner of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Mixed Ahead Of Press Conference

Posted: 22 Dec 2011 11:23 AM PST

Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday as markets await the Draghi/King press conference in Frankfurt.

During mid session U.S. trade, the greenback was slightly higher against the euro, with EUR/USD falling 0.04% to 1.3042.

The single currency was held down by continued euro zone debt fears and worries about a potential French downgrade.

The greenback was higher against the pound, with GBP/USD advancing 0.19% to hit 1.5673.

A final seal of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, December 23, 2011

Posted: 22 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, December 23, 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
109.90
+ 0.15
109.92
109.85

Neutral

BND – Vanguard Total Bond Market ETF
83.78
+ 0.19
83.81
83.84

Bearish

DBC – DB Commodity Index Tracking Fd
26.87
+ 0.11
26.76
26.49

Bullish

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

The Trend Trader For Forex Trading On Friday, December 23, 2011

Posted: 22 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, December 23, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0128
+ 0.27
1.0086
1.0014

Bullish

EURUSD – Euro / US Dollar
1.3049
+ 0.02
1.3073
1.3121

Bearish

GBPUSD – British Pound / US Dollar
1.5677
+ 0.02
1.5667
1.5536

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0206
− 0.54
1.0268
1.0330

Bearish

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

The Trend Trader For Stock Trading On Friday, December 23, 2011

Posted: 22 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, December 23, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.90
+ 0.56
8.85
9.01

Neutral

AXP – American Express Company
47.63
+ 0.29
47.64
47.29

Neutral

BA – Boeing Co
74.29
+ 0.95
73.14
71.13

Bullish

BAC – Bank of America Corporation
5.47
+ 4.59
5.24
5.32

Bullish

CAT – Caterpillar Inc
91.81
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Friday, December 23, 2011

Posted: 22 Dec 2011 04:02 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, December 23, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1249.00
+ 1.03
1234.72
1221.17

Bullish

Dow Jones – Mar YMH2
12103
+ 0.66
12011
11875

Bullish

Nasdaq – Mar NQH2
2260.75
+ 0.97
2252.19
2256.58

Bullish

Russell – Mar TFH2
742.00
+ 0.58
733.91
720.07

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
143-15
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Week – Struggling Copper Supply

Posted: 21 Dec 2011 10:00 PM PST

As China's appetite for commodities slowed this year, much of the world's copper demand went with it. Despite this softening in demand, Macquarie Research thinks the red metal could see a rebound in 2012 because copper mines are struggling to supply the marketplace with adequate reserves.
Macquarie says, "Global copper mine output has continually disappointed forecasts and, more importantly, market needs over a number of years now, despite the strong financial incentive not only from high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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