Thursday, December 15, 2011

DailyMarkets.com - Panera Bread In Neutral Lane

DailyMarkets.com - Panera Bread In Neutral Lane

Panera Bread In Neutral Lane

Posted: 15 Dec 2011 08:00 AM PST

We remain Neutral on Panera Bread Co. (NASDAQ:PNRA) over the long term, based on third quarter 2011 earnings, a solid pipeline of menu offering, increased traction from the My Panera loyalty card program as well as catering program, the raised guidance for unit expansion. These were partially offset by faltering consumer confidence and inflated commodity costs.
The company has been able to grow its earnings per share over 20% since the last couple of quarters. Panera has consistently been delivering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Xerox Closes Merizon Acquisition

Posted: 15 Dec 2011 07:50 AM PST

Xerox Corp. (NYSE:XRX) recently announced that one of its fully owned subsidiaries, Global Imaging Systems (GIS), has acquired Appleton, Wisconsin-based Merizon Group Incorporated, previously known as Modern Business Machines. However, the company did not disclose the financial details of the deal.
Prior to the acquisition, Merizon Group Incorporated was an independent office distributor of various products like copiers, printers and multifunction systems of renowned companies including Canon Inc. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Silver Continues To Dull

Posted: 15 Dec 2011 07:34 AM PST

Thursday, December 15, 2011
Europe continues to be the focal point of traders everywhere. The recent wave of bank downgrades, while not a surprise for anyone, continues to be a black cloud hanging over the stock and commodities markets. Demand for Silver could suffer further setbacks, as investment demand has been a key driver of the physical market. Technically, the most recent downside breakout suggests that the market could continue to drop. Given the bearish fundamental and technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Tests 38.2% Retracement But Need To Get Above 100 Hour MA

Posted: 15 Dec 2011 07:33 AM PST

The double top made yesterday in the USDJPY was too tempting to sell against in the USDJPY and the pair started a move back down. The pair has now moved below the 100 hour MA (blue line in the chart above) but did find some profit taking near the 38.2% of the move higher from the December 7th low.  A move above the 100 hour MA is needed to put the bulls back in charge. Absent that, look for selling to take the price below the 38.2% with other retracement targets at 77.633 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Research In Motion

Posted: 15 Dec 2011 07:30 AM PST

Research In Motion Ltd. (NASDAQ:RIMM) is slated to release its third quarter 2012 results on Thursday, December 15, after the closing bell. The current Zacks Consensus Estimate for the third quarter is pegged at $1.22, representing an annualized negative growth of 29.66%.
With respect to earnings surprise over the trailing four quarters, Research In Motion has outperformed the Zacks Consensus Estimate in three quarters of the last four quarters. The average earnings surprise was negative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walgreen Gears Up To Fight Pertusis

Posted: 15 Dec 2011 07:25 AM PST

With the recent outbreak of pertussis in Illinois, more than 580 pharmacies of  Walgreen (NYSE:WAG) across the state are providing immunizations to protect against pertussis (tetanus/diphtheria/pertussis-Tdap vaccine). All Take Care Clinics of 45 Select Walgreens in Illinois are also offering daily immunizations. Select Walgreens also offer a wide range of Centers for Disease Control and Prevention (CDC) recommended immunizations, including those for flu, shingles, pneumonia, meningitis and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is Jon Corzine “Too Big To Be Indicted”? Part VI

Posted: 15 Dec 2011 07:22 AM PST

The ongoing saga to determine what may have happened at the critical points of demise within MF Global continues again today.
I once again encourage you to grab both a large popcorn and a barf bag while witnessing the House Financial Services Committee Hearing re: MF Global.
Will the committee members have the balls to drill down and address the critical questions as to who knew what and did what to violate the sanctity of segregated customer funds totaling a cool $1.2 billion at MF … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Highwoods Signs New Term Loan

Posted: 15 Dec 2011 07:15 AM PST

Highwoods Properties, Inc. (HIW) recently announced that it has signed an agreement for a new seven-year unsecured term loan for up to $200 million. The term loan is expected to mature in the first quarter of 2019.
The company expects to use the proceeds from the term loan to reduce the outstanding balance on the company’s $475 million unsecured revolving credit facility and for other general corporate purposes.
Through the new term loan, Highwoods intends to improve and extend its debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Express Scripts-WellPoint Disagree

Posted: 15 Dec 2011 06:50 AM PST

All does not seem to be well between Express Scripts Inc. (NASDAQ:ESRX) and WellPoint Inc. (NYSE:WLP) as they voiced concerns about a contractual dispute. The dispute is regarding the terms of the Pharmacy Benefits Management (PBM) agreement, which the companies had inked in December 2009. WellPoint said that it differs from Express Scripts on the contractual interpretation of certain terms in the agreement and certain operational matters associated with Express Scripts’ performance.
Express Scripts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Trades Higher After Jobless Claims Fall To 3-year Low

Posted: 15 Dec 2011 06:47 AM PST

Forexpros – Crude oil futures extended gains on Thursday, recouping a portion of the previous day's sharp drop as risk sentiment recovered after data showed that first-time jobless claims in the U.S. fell to a three-year low and following a well-received Spanish bond auction.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD95.58 a barrel during early U.S. morning trade, gaining 0.54%.

It earlier rose by as much as 1.15% to trade at a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Down As SNB Decision Leads To Franc Rally

Posted: 15 Dec 2011 06:45 AM PST

Fundamental Headlines
• ECB Says Inflation Will Slow Next Year – Bloomberg
• Traders Confounded as Volatility Extends Run – Bloomberg
• Spain Looks Safer than Italy as Borrowing Costs Fall – Reuters
• Draghi Plays Down Hopes for Quantitative Easing – WSJ
• Europe Strains World's Banks – WSJ
European Session Summary
The U.S. Dollar's remarkable run the past few days seems to have taken a breather on Wednesday. As the worst performing currency ahead of the North American … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Stalls At The 38.2% Retracement Level

Posted: 15 Dec 2011 06:33 AM PST

The GBPUSD has been able to hold the 38.2% retracement of the move down from the December 9th high to the low reached on December 14th. That level comes in at the 1.55326 level.  The level also corresponds with the low on  December 12th and the high area on December 14th.
The coming together of these levels increases the importance of the area. Staying below, gives the profit taking dip buyers a nice level to lean against.  A move above, will likely trigger stop buying with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Hits 2-day Low On Positive U.S. Data

Posted: 15 Dec 2011 06:33 AM PST

Forexpros – The U.S. dollar fell to a two-day low against its Canadian counterpart on Thursday, as upbeat U.S. jobless claims and manufacturing data and a well-received Spanish bond auction supported demand for riskier assets.

USD/CAD hit 1.0321 during early U.S. trade, the pair's lowest since December 13; the pair subsequently consolidated at 1.0325, retreating 0.66%.

The pair was likely to find support at 1.0258, the low of November 29 and resistance at 1.0448, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: CAG

Posted: 15 Dec 2011 06:30 AM PST

ConAgra Foods Inc. (NYSE:CAG) will be reporting its second-quarter 2012 financial results on Tuesday, December 20, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is 43 cents, representing an annualized decline of 5.00%.  
With respect to earnings surprises over the trailing four quarters, CAG outperformed the Zacks Consensus Estimate in one quarter, underperformed in two and was in line in the remaining quarter. Average earnings surprise was 0.06%, indicating that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Domestic News Grabbing Headlines

Posted: 15 Dec 2011 06:25 AM PST

Today's heavy economic schedule will likely keep the markets focused on domestic matters. The good start provided by the positive Initial Jobless Claims report and the Empire State manufacturing survey should help reverse the downtrend of the last three trading sessions. Other key economic reports on deck include the November Industrial Production report and the Philly Fed regional manufacturing survey for December.
Of the pre-market releases, the most favorable reading was on the Initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Industrial Production Declines Unexpectedly

Posted: 15 Dec 2011 06:20 AM PST

Forexpros – Industrial production in the U.S. declined unexpectedly in November, official data showed on Thursday.

In a report, the U.S. Federal Reserve said that industrial production fell by a seasonally adjusted 0.2% in November, confounding expectations for a 0.3% gain.

Industrial production in October rose by an unrevised 0.7%.

Year-over-year, industrial production rose at an annualized rate of 3.7% in November, after increasing at a rate of 3.9% in October.

The report showed that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good Domestic News Grabbing Headlines

Posted: 15 Dec 2011 06:16 AM PST

Today's heavy economic schedule will likely keep the markets focused on domestic matters. The good start provided by the positive Initial Jobless Claims report and the Empire State manufacturing survey should help reverse the downtrend of the last three trading sessions. Other key economic reports on deck include the November Industrial Production report and the Philly Fed regional manufacturing survey for December.
Of the pre-market releases, the most favorable reading was on the Initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CBS Corporation Extends NFL Deal

Posted: 15 Dec 2011 06:16 AM PST

CBS Corporation (NYSE:CBS) recently announced that it has extended its broadcast rights deal with the National Football League (NFL) for nine more years. However, the financial terms of the deal were not disclosed.
The newly announced deal will extend CBS Corporation's existing deal to 2022. The current deal was scheduled to end in 2013.
According to the pact, CBS Sports will remain the broadcaster of the NFL’s American Football Conference (AFC). Moreover, CBS will also broadcast games from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good Domestic News Grab Headlines

Posted: 15 Dec 2011 06:11 AM PST

Today's heavy economic schedule will likely keep the markets focused on domestic matters. The good start provided by the positive Initial Jobless Claims report and the Empire State manufacturing survey should help reverse the downtrend of the last three trading sessions. Other key economic reports on deck include the November Industrial Production report and the Philly Fed regional manufacturing survey for December.
Of the pre-market releases, the most favorable reading was on the Initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. TIC Long Term Purchases Tumble In October

Posted: 15 Dec 2011 06:09 AM PST

Forexpros – U.S. Treasury International Capital purchases fell significantly more-than-expected in October, official data showed on Thursday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled USD4.8 billion in October, down significantly from purchases of USD68.3 billion in September, whose figure was revised from a previously reported USD68.6 billion.

Analysts had expected Treasury International Capital purchases to decline to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nucor Hikes Dividend

Posted: 15 Dec 2011 06:05 AM PST

Nucor Corporation (NYSE:NUE) recently announced its decision to hike quarterly dividend to $0.365 per share from $0.3625 per share. The increased dividend will be paid on February 10, 2012, to stockholders of record as of December 30, 2011. This represents the 39th consecutive increase in dividend paid by Nucor.
In November 11, 2011, the board of directors paid a cash dividend of $0.3625 per share to stockholders of record as of September 30, 2011.
Nucor is the largest producer of structural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Avon Products, First Solar, Green Mountain Coffee Roasters, Veriphone Holdings

Posted: 15 Dec 2011 06:05 AM PST

    VeriFone (NYSE:PAY) posted Q4 EPS of $0.53, surpassing the Zacks Consensus Estimate of $0.44 per share. Revenues for the quarter rose 50.7% year-over-year to come in at $410.70 million

    Joy Global (JOY) reported Q4 EPS of $1.83, lower than the Zacks Consensus estimate of $1.86 per share. Revenues for the quarter increased 27% to $1.3 billion, marginally lower than the Zacks Consensus Estimate of $1.35 billion

    Share prices of computer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Jobless Claims Fall To 3.5 Year Low

Posted: 15 Dec 2011 05:58 AM PST

The Department of Labor reported today that seasonally-adjusted jobless claims fell to 366,000 for the week ending December 10, which is the lowest level since May 2008, three and-a-half years ago.  That was far below the increase to 390,000 claims that was expected by the market consensus, and another indication that the sub-par labor market is gradually improving.  The four-week moving average for weekly claims fell to 387,750, the lowest level since July 2008 (see chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Steady As E.Z. Debt Concerns Weigh

Posted: 15 Dec 2011 05:57 AM PST

Forexpros – The euro was steady against the yen on Thursday, hovering close to a ten-year low after a successful Spanish bond auction as investors remained concerned over the handling of the euro zone's debt crisis.

EUR/JPY hit 101.06 during European afternoon trade, the pair's lowest since October 4; the pair subsequently consolidated at 101.42, inching up 0.05%.

The pair was likely to find support at 100.74, the low of October 4 and resistance at 102.71, the high of October 5.

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

Agrium To Expand Potash Mine

Posted: 15 Dec 2011 05:50 AM PST

Agricultural products and fertilizer producer Agrium Inc. (NYSE:AGU) announced that its board has approved an expansion at its Vanscoy potash mine in Saskatchewan, Canada. Besides, the company is also quadrupling its semi-annual dividend as it sees stronger profits and production ahead.
According to Agrium, the one-million-tonne expansion at Vanscoy will raise capacity by 50% at a cost of about $1.5 billion. Construction is scheduled to begin in 2012 and complete by the second half of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. PPI Rises In Line With Expectations In November

Posted: 15 Dec 2011 05:46 AM PST

Forexpros – Producer price inflation in the U.S. rose broadly in line with market expectations in November, official data showed on Thursday.

In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.3% in November, in line with expectations.

Producer prices fell by an unrevised 0.3% in October.

Year-over-year, the producer price index rose at an annualized rate of 5.7% in November, after advancing at a rate of 5.9% in October. Analysts had expected producer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Empire State Manufacturing Index Jumps To 7-month High

Posted: 15 Dec 2011 05:43 AM PST

Forexpros – The New York Federal Reserve's index of manufacturing conditions improved more-than-expected in December, climbing to the highest level since May, official data showed on Thursday.

In a report, the Federal Reserve Bank of New York said that its general business conditions index improved by 8.9 points to 9.5 in December from 0.6 in November.

Analysts had expected the index to improve by 2.4 points to 3.0 in December.

On the index, a reading above 0.0 indicates improving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Initial Jobless Claims Drop To Lowest Since May 2008

Posted: 15 Dec 2011 05:38 AM PST

Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, declining to the lowest level since May 2008, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 10 fell by 19,000 to a seasonally adjusted 366,000, confounding expectations for a gain of 4,000 to 390,000.

The previous week's figure was revised up to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monsanto Guides High On New Biz

Posted: 15 Dec 2011 05:35 AM PST

Monsanto Company (NYSE:MON) recently raised its expected earnings per share guidance for the first quarter of fiscal 2012. The first quarter earnings were scheduled to be released on January 5, 2012.  The company's earnings per share guidance for the first-quarter ongoing and as-reported are expected to be in the range of $0.15 to $0.20, an increase from its previous guidance of the high end of the $0.10 to $0.15 range.
The company reaffirmed its full-year guidance, confirming its mid-teens … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Off 6-month Low, Downside Risks Remain

Posted: 15 Dec 2011 05:22 AM PST

Forexpros – Sugar futures advanced on Thursday, as the previous day's drop to a six-month low created bargain buying opportunities for investors, however prices were expected to remain under pressure on the view that global supplies are ample.

On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2311 a pound during European afternoon trade, jumping 1.2%.

It earlier rose by as much as 1.35% to trade at a daily high of USD0.2314 a pound. Prices fell to USD0.2268 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB Obtains Stake In GreenVolts

Posted: 15 Dec 2011 05:20 AM PST

ABB Ltd. (NYSE:ABB) will be investing approximately $20 million in GreenVolts of California, which is a leading provider of turnkey concentrating photovoltaic (CPV) systems. The amount to be invested is a part of a $35 million financial round for the minority stake in GreenVolts.
GreenVolts' proprietary technology will be accessed by ABB after the investment. Further, the company will be providing its turnkey solutions for concentrating photovoltaic power plants while delivering its current … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Chemical & Ube Deal Approved

Posted: 15 Dec 2011 05:05 AM PST

The Dow Chemical Co.(NYSE:DOW) announced the approval of its joint venture with Ube Industries in Japan for the manufacturing of formulated electrolytes for lithium-ion battery cell manufacturers.
The two companies will form Advanced Electrolyte Technologies (AET), which will produce up to 5,000 tons of electrolytes per year at a Dow facility in Midland. Production startup for the new facility is expected in late 2012. AET also has future plans to construct manufacturing facilities in China and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Turns Lower After Spain’s Borrowing Costs Ease

Posted: 15 Dec 2011 05:04 AM PST

Forexpros – The U.S. dollar turned lower against its major counterparts on Thursday, after a auction of Spanish government debt met with solid investor demand, easing pressure on peripheral borrowing costs in the euro zone.

During European afternoon trade, the dollar was lower against the euro, with EUR/USD rising 0.30% to hit 1.3022.

Earlier in the day, Spain's Treasury sold EUR6 billion of medium-and-long-term bonds, far surpassing a target of EUR3.5 billion.

The country sold EUR2.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher After Of Spanish Bond Sale; DAX Up 1.27%

Posted: 15 Dec 2011 04:58 AM PST

Forexpros – European stock markets remained higher on Thursday, as market sentiment found support after a successful Spanish bond auction although worries over the debt crisis in the euro zone continued to weigh.

During European afternoon trade, the EURO STOXX 50 surged 1.25%, France's CAC 40 climbed 1.05%, while Germany's DAX 30 jumped 1.27%.

Spain's Treasury sold EUR6 billion of medium-and-long-term bonds earlier in the day, far surpassing a target of EUR3.5 billion.

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

Forex – GBP/USD Pushes Higher After Spanish Bond Auction

Posted: 15 Dec 2011 04:54 AM PST

Forexpros – The pound pushed higher against the U.S. dollar on Thursday, as market sentiment was bolstered by stronger-than-expected investor demand at an auction of Spanish government debt.

GBP/USD hit 1.5528 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.5522, adding 0.36%.

Cable was likely to find support at 1.5433, the session low and resistance at 1.5628, Tuesday's high.

Spain's Treasury sold EUR6 billion of medium-and-long-term bonds, far … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Off 11-month Low But Remains Vulnerable

Posted: 15 Dec 2011 04:41 AM PST

Forexpros – The euro eased off an 11-month low against the U.S. dollar on Thursday, but the single currency remained vulnerable amid a combination of fears over the debt crisis and the likelihood of a recession in the euro zone.

EUR/USD pulled back from 1.2956, the daily low, to hit 1.3015 during European early afternoon trade, rising 0.25%.

The pair was likely to find support at 1.2945, Wednesday's low and an 11-month low and resistance at 1.3064, Wednesday's high.

The shared currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Remains Under Pressure As Debt Woes Weigh

Posted: 15 Dec 2011 03:47 AM PST

Forexpros – The euro remained broadly lower against its major counterparts on Thursday, as a combination of worries over the region's debt crisis and the outlook for growth soured investor sentiment.

During European late morning trade, the euro was hovering just above an 11-month low against the U.S. dollar, with EUR/USD edging up 0.11% to hit 1.2997.

The shared currency found support after an auction of Spanish government debt met with stronger-than-expected investor demand.

Spain's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corn Rebounds From 10-week Low As Sentiment Improves

Posted: 15 Dec 2011 03:36 AM PST

Forexpros – Corn futures advanced on Thursday, recouping a portion of the previous day's steep decline that took prices to the lowest level since early October as risk sentiment improved following a well-received Spanish bond auction.

On the Chicago Mercantile Exchange, corn futures for March delivery traded at USD5.8300 a bushel during European morning trade, gaining 0.45%.

It earlier rose by as much as 0.53% to trade at a daily high of USD5.8388 a bushel.

Agricultural commodities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Higher Ahead Of PPI, Manufacturing Data; Dow Jones Up 0.44%

Posted: 15 Dec 2011 03:24 AM PST

Forexpros – U.S. stock futures pointed to a higher open on Thursday, ahead of U.S. data on producer price inflation and manufacturing activity amid sustained concerns over the euro zone's debt crisis.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.44%, S&P 500 futures signaled a 0.50% increase, while the Nasdaq 100 futures indicated a 0.39% gain.

Sentiment remained under pressure despite stronger-than-expected investor demand at a Spanish bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. CBI Industrial Order Expectations At 13-month Low

Posted: 15 Dec 2011 03:16 AM PST

Forexpros – U.K. industrial order expectations deteriorated more-than-expected in December, falling to the lowest level since October 2010, industry data showed on Thursday.

In a report, the Confederation of British Industry said its index of industrial order expectations declined by 4.0 points to minus 23.0 in December, compared to a reading of minus 19.0 in November.

Analysts had expected the index to fall by 1.0 point to minus 20.0 in December.

On the index, a reading above 0.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Are Set To Rise Amid A Recovery In Risk Appetite

Posted: 15 Dec 2011 03:08 AM PST

Talking Points

Crude Oil to Stage Corrective Bounce as Risk Appetite Improves
Gold, Silver Looking Higher as US Dollar Takes a Step Backward

WTI Crude Oil (NY Close): $94.95 // -5.19 // -5.18%
Crude oil prices are on the upswing amid a broad-based recovery in risk appetite in European trading hours and S&P 500 stock index futures are ticking higher to hint more of the same is on tap as Wall Street comes online. The move appears to be a corrective bounce after three days of aggressive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Close To 10-month After Spanish Debt Sale

Posted: 15 Dec 2011 03:06 AM PST

Forexpros – The euro was trading close to a 10-month low against the pound on Thursday, as fears over the debt crisis in the euro zone continued to dominate sentiment after last week's European Union summit offered no hope of an immediate resolution.

EUR/GBP hit 0.8376 during European morning trade, the daily low; the pair subsequently consolidated at 0.8385, slipping 0.10%.

The pair was likely to find support at 0.8372, Wednesday's low and a 10-month low and resistance at 0.8424, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

15/12/2011 – The Current Market Sentiment

Posted: 14 Dec 2011 05:41 PM PST

By ForexMansion.com
The single currency could find the power to get over 1.30 versus the greenback because of the flash release of Dec EU manufacturing PMI index which has come at 46.9 while it has been expected to be 46.2 from 46.4 in November and also the flash reading of Dec EU Services PMI index which rose up to 48.3 from 47.5 in November while it was expected to decline further in the shrinking territory below 50 to 47.1 but the single currency has eased back below 1.30 as it is still … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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