Monday, December 12, 2011

DailyMarkets.com - US Credit Card Delinquency Still Second Lowest In 16 Years

DailyMarkets.com - US Credit Card Delinquency Still Second Lowest In 16 Years


US Credit Card Delinquency Still Second Lowest In 16 Years

Posted: 12 Dec 2011 07:34 AM PST

In the third quarter of 2011, more Americans were found to be late in making minimum payments for their credit card bills compared to the second quarter. TransUnion, one of the main credit bureaus in the US, recently reported in its survey of the year's third quarter that for the first time in 2 years, credit card delinquency has risen on a quarterly basis, increasing to 0.71%.

This increase in credit card delinquency isn't necessarily because cardholders have become more careless; in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Grain Prices Slump As Global Production Increases

Posted: 12 Dec 2011 06:35 AM PST

Monday, December 12, 2011
The bearish USDA report may make it difficult for Corn to stage a meaningful rally in the near-term, with potential heavy long liquidation selling possible on any rally attempts. The daily chart for March Corn shows strong resistance in the 650.00 to 675.00 area, so some bearish traders may wish to explore selling calls in Corn futures options with strike prices at or above the chart resistance levels. For example, with March Corn trading at 590 ½ as of this writing, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Makes New Lows For The Day.

Posted: 12 Dec 2011 06:34 AM PST

The EURUSD has broken to new session lows and has also broken below the bottom channel trendline on the hourly chart above.  In addition,  the low from November 29th at the 1.3258 level has been breached.  The break below these levels, make the area the topside resistance now.  If the price can remain below these levels, the bears will remain firmly in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Market News Briefs: Apple, E.I. Du Pont De Nemours And Company, Ford Motor Credit Company, Gannett Co., General Electric Company, Texas Instruments Incorporated, Wal-Mart Stores

Posted: 12 Dec 2011 06:11 AM PST

    General Electric Company's (NYSE:GE) shares were up 3.3% after it hiked its quarterly dividend for the fourth time in two years to $0.17 per share from $0.15 per share

    Ford Motor Co. (NYSE:F) gained 2.6% as it kept its quarterly dividend intact at $0.05 per share

    In a court filing, Apple Inc. (NASDAQ:AAPL) appealed against the U.S. judge’s decision to allow Samsung Electronics from selling its smartphones and tablets in U.S.

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


Positive Data On Novartis’ Afinitor

Posted: 12 Dec 2011 06:05 AM PST

Novartis' (NYSE:NVS) cancer drug Afinitor took a significant step forward, as the company once again presented encouraging data from late-stage trials of Afinitor for the treatment of breast cancer, an indication for which management estimates sales potential in excess of $1 billion. Afinitor is not yet approved for the treatment of breast cancer.
The pivotal late-stage study (BOLERO-2) evaluated the use of Afinitor in combination with Pfizer's (NYSE:PFE) Aromasin (a hormonal therapy) in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: AIR

Posted: 12 Dec 2011 05:50 AM PST

AAR Corp. (AIR) will be reporting its second-quarter 2012 financial results on Thursday, December 15, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is 48 cents, representing an annualized growth of 5.71%.  
With respect to earnings surprises over the trailing four quarters, AIR outperformed the Zacks Consensus Estimate in three quarters while underperformed in one.  Average earnings surprise was 12.11%, indicating that the company outperformed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cotton Falls To 2-week Low On Reduced Global Demand Outlook

Posted: 12 Dec 2011 05:47 AM PST

Forexpros – Cotton futures extended losses from the previous session on Monday, slumping to a two-week low as renewed concerns over declining global demand for the fiber weighed on prices.

On the ICE Futures U.S. Exchange, cotton futures for March delivery traded at USD0.8970 a pound during European afternoon trade, retreating 0.8%.

It earlier fell by as much as 0.95% to trade at USD0.8958 a pound, the lowest since November 29, when prices fell to a 14-month low of USD0.8850 a pound.

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


TransDigm Closes Harco Acquisition

Posted: 12 Dec 2011 05:35 AM PST

TransDigm Group Incorporated (NYSE:TDG) has completed its acquisition worth approximately $84 million of Harco Laboratories Incorporated. The initial announcement of the acquisition was made on November 8, 2011.
Harco, based in Branford, Connecticut, specializes in designing and manufacturing proprietary, highly engineered thermocouples, sensors, engine cable assemblies and related products for major commercial aircraft.  Engines manufactured by Pratt & Whitney, Rolls-Royce, International … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Higher Vs. Rivals Amid E.Z. Debt Worries

Posted: 12 Dec 2011 05:24 AM PST

Forexpros – The U.S. dollar was higher against its major counterparts on Tuesday, as investors judged that last week’s pact to bind EU economies closer together would fail to quell the region's financial crisis.

During European afternoon trade, the dollar was up against the euro, with EUR/USD tumbling 1.02% to hit 1.3249.

EU leaders agreed to draft a new treaty to implement tighter fiscal consolidation across the euro zone and to provide EUR200 billion in loans to the International … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DuPont Trims 2011 Outlook

Posted: 12 Dec 2011 05:16 AM PST

E. I. du Pont de Nemours and Company (NYSE:DD) has slashed its full-year 2011 outlook citing slower growth in some of its businesses due to weakness in the company’s end markets.
For 2011, DuPont forecasts earnings in the range of $3.87-$3.95, down from its earlier forecast of $3.97-$4.05. The company's lowering of outlook reflects destocking in some industrial supply chains that has sped up in the current quarter, due to softening demand in consumer electronics and continued weakness in housing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Lower After Moody’s Warning; DAX Down 1.99%

Posted: 12 Dec 2011 05:06 AM PST

Forexpros – European stock markets were sharply lower on Monday, after Moody's Investors Service said it will review the credit ratings of all European Union countries following last week's economic summit.

During European afternoon trade, the EURO STOXX 50 tumbled 1.88%, France's CAC 40 dropped 1.42%, while Germany's DAX 30 declined 1.99%.

Moody's said it will review the ratings of all EU countries in the first quarter, saying Friday's summit failed to deliver "decisive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Rite Aid

Posted: 12 Dec 2011 05:05 AM PST

Rite Aid Corporation (NYSE:RAD), the third largest retail drugstore in the U.S. based on revenues and number of stores, is scheduled to report its third-quarter 2012 financial results before the opening bell on December 15, 2011. The current Zacks Consensus Estimate for the quarter is loss of 12 cents a share. For the quarter under review, revenue is expected to be 6,278 million, according to the Zacks Consensus Estimate.
Second-Quarter 2012, a synopsis
Rite Aid reported a loss of 11 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Trims Losses, Rebounding Off Support Levels

Posted: 12 Dec 2011 04:53 AM PST

Forexpros – The pound trimmed losses against the U.S. dollar on Monday, pulling back from the session low, while concerns that Friday's European Union agreement will not be enough to tackle the euro zone's debt crisis continued to weigh on sentiment.

GBP/USD pulled away from 1.5538, the pair's lowest since November 30, to hit 1.5641 during European afternoon trade, still down 0.18% on the day.

Cable was likely to find support at 1.5525, the low of November 30 and resistance at 1.5734, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Tumbles To 2-week Low Amid Debt Crisis Concerns

Posted: 12 Dec 2011 04:26 AM PST

Forexpros – The euro extended losses against the U.S. dollar on Monday, tumbling to a two-week low as uncertainty over whether Friday's European Union agreement would be enough to contain the region's debt crisis weighed.

EUR/USD hit 1.3253 during European afternoon trade, the pair's lowest since November 24; the pair subsequently consolidated at 1.3268, falling 0.87%.

The pair was likely to find support at 1.3165, the low of October 3 and an almost 10-month low and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Futures Lower As E.Z. Concerns Return; Dow Jones Down 0.63%

Posted: 12 Dec 2011 04:03 AM PST

Forexpros – U.S. stock futures pointed to a lower open on Monday, as renewed concerns over the handling of the debt crisis in the euro zone after last week's economic summit dampened market sentiment.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.63%, S&P 500 futures signaled a 0.75% decline, while the Nasdaq 100 futures indicated a 0.56% loss.

European Union leaders agreed Friday to implement stricter budgetary rules across the euro zone and to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil, Gold Under Pressure As Euro Debt Fears Boost US Dollar

Posted: 12 Dec 2011 03:41 AM PST

Talking Points

Crude Oil to Follow Stocks Lower as EU Debt Fears Sink Risky Assets
Gold Prices Under Pressure as US Dollar Gains on Safe-Haven Demand

WTI Crude Oil (NY Close): $99.41 // +1.07 // +1.09%
Crude oil prices are following share prices lower in European trade amid disappointed selling following last week's EU leaders' summit, punctuated by pledge from Moody's to review the credit ratings of all European Union countries in the first quarter of next year after the meeting failed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Euro Under Pressure Vs. Rivals After EU Summit

Posted: 12 Dec 2011 03:28 AM PST

Forexpros – The euro was broadly weaker against its major counterparts on Monday, as investors remained skeptical Friday's European Union agreement would be enough to arrest the spread of the region's financial crisis.

During European late morning trade, the euro was sharply lower against the U.S. dollar, with EUR/USD tumbling 0.87% to hit 1.3268.

EU leaders agreed to implement stricter budgetary rules across the euro zone and to provide EUR200 billion in loans to the International … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Soybeans Trade Close To 14-month Low On U.S. Export Outlook

Posted: 12 Dec 2011 03:20 AM PST

Forexpros – Soybean futures extended losses from the previous session on Monday, trading close to the lowest level in more than a year as a downbeat outlook for U.S. export demand and ample global supplies continued to weigh on prices.

On the Chicago Mercantile Exchange, soybean futures for January delivery traded at USD11.0138 a bushel during European morning trade, slumping 0.5%.

It earlier fell by as much as 0.62% to trade at a daily low of USD11.0088 a bushel. Prices fell to USD11.0000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Dollar / Canadian Dollar – 12/12/2011 12:11 GMT

Posted: 11 Dec 2011 05:03 PM PST

By ForexMansion.com

US Dollar / Canadian Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.0365
1.032
1.027

Supports
1.016
1.0185
1.022

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Futures Trading On Monday, December 12, 2011

Posted: 11 Dec 2011 04:39 PM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Monday, December 12, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1253.00
+ 1.85
1245.58
1247.25

Bullish

Dow Jones – Mar YMH2
12143
+ 1.67
12062
12086

Bullish

Nasdaq – Mar NQH2
2318.50
+ 1.62
2304.92
2307.67

Bullish

Russell – Mar TFH2
742.80
+ 3.32
733.47
735.07

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
141-05
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro / Swiss Franc – 12/12/2011 12:14 GMT

Posted: 11 Dec 2011 04:39 PM PST

By ForexMansion.com

Euro / Swiss Franc

Weekly
Daily
Hourly

Trends

Resistances
1.244
1.239
1.235

Supports
1.2225
1.225
1.231

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make the best … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro / Canadian Dollar – 12/12/2011 12:00 GMT

Posted: 11 Dec 2011 04:39 PM PST

By ForexMansion.com

Euro / Canadian Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.371
1.3635
1.3605

Supports
1.35
1.354
1.3575

Our strategy

Entry
Stop
Target 1
Target 2

1.3585
1.361
1.355
1.3515

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


British Pound / US Dollar – 12/12/2011 12:18 GMT

Posted: 11 Dec 2011 04:39 PM PST

By ForexMansion.com

British Pound / US Dollar

Weekly
Daily
Hourly

Trends

Resistances
1.577
1.572
1.566

Supports
1.548
1.5535
1.5595

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Dollar / Yen – 12/12/2011 12:19 GMT

Posted: 11 Dec 2011 04:39 PM PST

By ForexMansion.com

US Dollar / Yen

Weekly
Daily
Hourly

Trends

Resistances
78.3
78.1
77.9

Supports
77.1
77.5
77.65

Our strategy

FLAT

About ForexMansion.com:

The Finance Mansion Network operates a global financial network of websites including
ForexMansion.com – All about Forex Trading.
Our goal is to provide our readers with the highest quality, most accurate and timely technical analyses,
fundamental analyses and news, assisting them to make the best possible … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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