DailyMarkets.com - Wheat Futures Slump To 1-week Low On Australia Crop Outlook

---

• Wheat Futures Slump To 1-week Low On Australia Crop Outlook
• Forex – USD/CHF Steady Ahead Of ECB/EU Moves
• Forex – EUR/GBP Slips As BoE, ECB Rate Decisions Eyed
• Copper Futures Modestly Higher As ECB, EU Summit Eyed
• Forex – Dollar Mixed Ahead Of ECB Decision/EU Summit
• European Stocks Higher Ahead Of ECB Meeting; DAX Up 0.45%
• Crude Oil Edges Higher Ahead Of ECB Decision, EU Summit
• Forex – GBP/USD Steady Ahead Of BoE Rate Decision
• Gold Futures Ease Down With EU Summit, ECB In Focus
• Forex – USD/JPY Edges Lower As Markets Eye ECB/EU Summit
• Forex – NZD/USD Higher As RBNZ Leaves Rates Unchanged
• Crude Oil, Gold Prices Monitor EU Summit Progress For Direction Cues
• Forex – AUD/USD Edges Lower After Disappointing Australian Data
• Asia Stocks Slump Ahead Of EU Summit; Nikkei Falls 0.7%
• Forex – EUR/USD Steady Ahead Of ECB Meeting
• Bear Of The Day: France Telecom
• Bull Of The Day: VeriSign, Inc. (VRSN)
• Momentum Stock: Credit Acceptance Corp
• Aggressive Growth Stock: Dycom Industries
• Growth & Income Stock: The Valspar Corporation
• RBNZ Continues Hold On OCR At 2.50%
• Bank Of Namibia Holds Interest Rate At 6.00%
• Polish Central Bank Maintains Interest Rate At 4.50%
• Iceland Central Bank Holds Rate At 4.75%
• Forex – AUD/USD Weakens On Unemployment Data
• Asia Stocks Slump As Investors Rush To Sidelines; Nikkei Sinks 1.02%
• Forex – Dollar Gains Head Of EU Summit
• Forex Trading: Usd/hkd Getting Close To The 38.2% Retracement
• Gold Futures Temper Rally Ahead Of EU Summit
• Crude Oil Futures Reverse US Supply Surge Losses

Wheat Futures Slump To 1-week Low On Australia Crop Outlook Posted: 08 Dec 2011 02:57 AM PST Forexpros – Wheat futures declined on Thursday, trading at a one-week low after Australia forecast a record high wheat crop, adding to worries over increasing competition for U.S. wheat exports. On the Chicago Mercantile Exchange, wheat futures for March delivery traded at USD5.9538 a bushel during European morning trade, dropping 0.85%. It earlier fell by as much as 1.05% to trade at USD5.9412 a bushel, the lowest since November 29, when prices fell to USD5.9112. Wheat futures continued … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Steady Ahead Of ECB/EU Moves Posted: 08 Dec 2011 02:42 AM PST Forexpros – The U.S. dollar was almost unchanged against the Swiss franc on Thursday, as markets remained cautious ahead of the European Central Bank's policy meeting later in the day. USD/CHF hit 0.9254 during European morning trade, the daily high; the pair subsequently consolidated at 0.9237, inching up 0.01%. The pair was likely to find support at 0.9138, the low of November 29 and resistance at 0.9329, the high of November 23. The ECB was expected to announce a 0.25% interest rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Slips As BoE, ECB Rate Decisions Eyed Posted: 08 Dec 2011 02:29 AM PST Forexpros – The euro slipped against the pound on Thursday, as investors eyed interest rate decisions by both the Bank of England and the European Central Bank, while a two-day European Union summit starting later in the day also loomed. EUR/GBP hit 0.8514 during European morning trade, the daily low; the pair subsequently consolidated at 0.8521, slipping 0.16%. The pair was likely to find short-term support at 0.8508, Wednesday's low and a one-month low and resistance at 0.8552, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Modestly Higher As ECB, EU Summit Eyed Posted: 08 Dec 2011 02:15 AM PST Forexpros – Copper futures eased up on Thursday, as markets awaited the outcome of the European Central Bank's policy meeting later in the day and hoped for positive results at a critical two-day European Union summit. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.567 a pound during European morning trade, gaining 0.32%. It earlier rose by as much as 0.4% to trade at a daily high of USD3.570 a pound. European leaders were to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed Ahead Of ECB Decision/EU Summit Posted: 08 Dec 2011 01:54 AM PST Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday, as markets were jittery ahead of the European Central Bank's policy meeting and a two-day European Union summit. During European morning trade, the dollar was up against the euro, with EUR/USD shedding 0.04% to hit 1.3406. Market sentiment found support as the European Central Bank was expected to cut interest rates by 0.25% to 1% at its policy-setting meeting later Thursday. But investors were wary as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher Ahead Of ECB Meeting; DAX Up 0.45% Posted: 08 Dec 2011 01:32 AM PST Forexpros – European stock markets were higher on Thursday, as investors eyed the outcome of the European Central Bank's policy meeting later in the day amid growing uncertainty over the results of this week's European Union summit. During European morning trade, the EURO STOXX 50 rose 0.28%, France's CAC 40 advanced 0.27%, while Germany's DAX 30 climbed 0.45%. Market sentiment found support as the European Central Bank was expected to cut interest rates by 0.25% to 1% at its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Edges Higher Ahead Of ECB Decision, EU Summit Posted: 08 Dec 2011 01:09 AM PST Forexpros – Crude oil futures edged higher on Thursday, climbing back above the key psychological level of USD100-a-barrel as markets awaiting the outcome of the European Central Bank's policy meeting later in the day and hoped for positive results at a critical European Union summit. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD100.92 a barrel during European morning trade, gaining 0.43%. It earlier rose by as much as 0.6% to trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Steady Ahead Of BoE Rate Decision Posted: 08 Dec 2011 12:55 AM PST Forexpros – The pound was almost unchanged against the U.S. dollar on Thursday, as investors eyed the Bank of England's rate decision later in the day amid growing uncertainty over the outcome of this week's European Union summit. GBP/USD hit 1.5692 during European morning trade, the daily low; the pair subsequently consolidated at 1.5710, inching down 0.01%. The pair was likely to find support at 1.5636, the low of December 1 and resistance at 1.5779, the high of November 30. Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Ease Down With EU Summit, ECB In Focus Posted: 08 Dec 2011 12:41 AM PST Forexpros – Gold futures were modestly lower on Thursday, as investors awaited the outcome of the European Central Bank's policy meeting later in the day amid growing uncertainty ahead of a critical two-day European Union summit. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,742.15 a troy ounce during early European morning trade, easing down 0.15%. It earlier fell by as much as 0.35% to trade at a daily low of USD1,738.65 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Edges Lower As Markets Eye ECB/EU Summit Posted: 08 Dec 2011 12:31 AM PST Forexpros – The U.S. dollar edged lower against the yen on Thursday, as investors eyed the outcome of the European Central Bank's policy meeting later in the day and hoped for positive results at this week's European Union summit. USD/JPY hit 77.57 during European morning trade, the pair's lowest since December 1; the pair subsequently consolidated at 77.60, shedding 0.09%. The pair was likely to find support at 77.47, the low of December 1 and resistance at 77.78, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Higher As RBNZ Leaves Rates Unchanged Posted: 08 Dec 2011 12:14 AM PST Forexpros – The New Zealand dollar was slightly higher against its U.S. counterpart on Thursday, after the Reserve Bank of New Zealand left its benchmark interest rate unchanged but gains were limited amid uncertainty over the outcome of a key European Union summit. NZD/USD hit 0.7817 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7804, rising 0.09%. The pair was likely to find support at 0.7722, the low of December 1 and resistance at 0.7927, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Prices Monitor EU Summit Progress For Direction Cues Posted: 08 Dec 2011 12:10 AM PST Talking Points Crude Oil Likely to Track Stocks as Spotlight Turns to EU Summit Gold Prices Treading Water as Risk Appetite Trends Seek Direction WTI Crude Oil (NY Close): $100.49 // -0.79 // -0.78% Crude prices edged lower yesterday after the US Department of Energy reported that inventories unexpectedly rose by 1.33 million barrels last week, trumping expectation for a 1.25 million decline. Distillate and gasoline inventories likewise topped forecasts. Looking ahead, all eyes are on Europe … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Edges Lower After Disappointing Australian Data Posted: 07 Dec 2011 11:59 PM PST Forexpros – The Australian dollar edged lower against its U.S. counterpart on Thursday, after downbeat Australian unemployment data and as investors remained cautious ahead of a key European Union summit. AUD/USD hit 1.0235 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0279, slipping 0.14%. The pair was likely to find support at 1.0155, the low of December 6 and resistance at 1.0397, the high of November 9. Official data showed that Australia's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Slump Ahead Of EU Summit; Nikkei Falls 0.7% Posted: 07 Dec 2011 11:44 PM PST Forexpros – Asian stock markets were broadly lower on Thursday, as investors remained jittery amid growing uncertainty over the outcome of a critical European Union summit due to start in Brussels later in the day. During late Asian trade, Hong Kong’s Hang Seng Index dropped 0.8%, Australia's S&P/ASX200 edged 0.3% lower, while Japan's Nikkei 225 Index retreated 0.7%. European leaders are to discuss proposed changes to EU treaties which would allow for greater fiscal integration and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Steady Ahead Of ECB Meeting Posted: 07 Dec 2011 11:32 PM PST Forexpros – The euro was steady against the U.S. dollar on Thursday, as investors awaited the outcome of the European Central Bank's policy meeting later in the day, while a critical European Union summit also loomed. EUR/USD hit 1.3423 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3419, edging up 0.06%. The pair was likely to find support at 1.3332, Tuesday's low and resistance at 1.3485, the high of December 5. The euro was supported by expectations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: France Telecom Posted: 07 Dec 2011 11:05 PM PST We are downgrading our recommendation to Underperform on France Telecom (NYSE:FTE). The company reported lackluster results in the fist nine months due to weak mobile device sales in France, higher VAT rates and challenging economic conditions in Egypt and Cote d’Ivoire. Although Conquests 2015, exiting of minority holdings, expanding in emerging markets and cost-saving programs remain in place, we believe persistently weak economic conditions, labor concerns, lower mobile termination rates and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: VeriSign, Inc. (VRSN) Posted: 07 Dec 2011 11:05 PM PST VeriSign, Inc. (NASDAQ:VRSN) recently reported earnings of $0.35 per share in the third quarter of 2011, beating the Zacks Consensus Estimate of $0.33. In the past few years, VeriSign has considerably streamlined its business to focus on providing, reliable and secure Internet infrastructure services. The disposal of non-core businesses boosted margins while the buyback of shares helped the bottom line. The company at present has a new management team. Additionally, we think increased domain fees … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Credit Acceptance Corp Posted: 07 Dec 2011 11:05 PM PST Credit Acceptance Corp (CACC) continues to trade strong in the volatile market, recently hitting a new all-time high on another good quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock has plenty of upward momentum. Company Description Credit Acceptence Corp provides auto and related loans in the United States. The company was founded in 1972 and has a market cap of $2.27 billion. With consumers finding it difficult to secure credit at a big bank, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Dycom Industries Posted: 07 Dec 2011 11:05 PM PST Dycom Industries (NYSE:DY) has topped forecasts in each of the past 3 quarters and shares look to be on the verge of a breakout. Company Description Dycom primarily offers specialty contracting services for telecommunications providers in the U.S including engineering, construction, and maintenance. The company serves electric and gas utilities as well. Third Consecutive Surprise On Nov 21 Dycom reported first-quarter results for fiscal 2012 and saw contract revenues grow 16.6%, to $319.6 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: The Valspar Corporation Posted: 07 Dec 2011 11:05 PM PST Estimates have been rising for The Valspar Corporation (NYSE:VAL) after the company delivered strong fourth quarter results. Earnings per share came in 20% above the Zacks Consensus Estimate, driven in part by a 19% increase in sales. The paints and coatings manufacturer has made a number of acquisitions recently to expand into the fast growing markets of Latin America and Asia. This should help drive growth for a number of years. Based on consensus estimates, analysts expect 12% EPS growth over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RBNZ Continues Hold On OCR At 2.50% Posted: 07 Dec 2011 10:41 PM PST RBNZ keeps the OCR on hold at a record low 2.50% The Reserve Bank of New Zealand kept the Official Cash Rate (OCR) on hold at 2.50%, noting the impact of global developments.  The Bank Said: ”Domestically, economic activity continues to expand, though at a modest pace. Although off their peaks, export commodity prices remain elevated. In addition, the depreciation of the New Zealand dollar provides some support for the tradable sector of the economy. Over time, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Namibia Holds Interest Rate At 6.00% Posted: 07 Dec 2011 10:35 PM PST The Bank of Namibia held its benchmark interest rate, the repurchase rate, steady at 6.00%, for the 6th consecutive meeting.  Bank of Namibia Governor Ipumbu Shiimi said: ”the MPC is of the view that global economic growth has slowed down noticeably. Global financial markets have shown increasing signs of stress, in both advanced and emerging market economies. The domestic economy continues to grow at a slow pace, particularly in the primary sector. MPC also noted the recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polish Central Bank Maintains Interest Rate At 4.50% Posted: 07 Dec 2011 10:26 PM PST The Narodowy Bank Polski’s Monetary Policy Council held the benchmark 7-day interest rate unchanged at 4.50%.  The Bank said: “In the opinion of the Council, in the medium term inflation will be curbed by gradually decelerating domestic demand amidst fiscal tightening, including reduced public investment spending, and interest rate increases implemented in the first half of 2011, as well as the expected global economic slowdown. The impact of the situation in the global financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iceland Central Bank Holds Rate At 4.75% Posted: 07 Dec 2011 10:16 PM PST Iceland’s Sedlabanki held its seven-day collateral lending rate unchanged at 4.75%.  The Bank said: “The nominal policy rate path required to bring inflation back to target is highly uncertain. In the near term, the current level seems broadly appropriate in light of the economic outlook and potential international headwinds. Looking further ahead, however, it will be necessary to withdraw the current degree of monetary accommodation as the recovery progresses and the slack in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Weakens On Unemployment Data Posted: 07 Dec 2011 08:05 PM PST Forexpros – The australian dollar slid against the greenback Thursday in mid-session Asian trading thanks to higher-than-expected unemployment rates. AUD/USD was trading at 1.0252, down 0.41%. The pair was likely to find support at 1.0156, Tuesday’s low, and resistance at 1.0305, Wednesday’s high. Australia’s unemployment rate hit 5.3% in November, up from 5.2% in October and slightly above market forecasts of 5.2% as well. Higher than expected unemployment readings are often bearish for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Slump As Investors Rush To Sidelines; Nikkei Sinks 1.02% Posted: 07 Dec 2011 07:34 PM PST Forexpros – Asian stock markets tanked in early trading Thursday as investors sold equities and ran to the sidelines to await the outcome of a key summit in Europe later this week. During late-morning Asian trading, Hong Kong’s Hang Seng Index was down 1.19%, Australia’s S&P/ASX200 was off 0.36%, while Japan's Nikkei 225 Index slumped 1.02%. Europe has served as the weather vane for markets all week, as investors await the outcome of a key summit that wraps up in Brussels on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Gains Head Of EU Summit Posted: 07 Dec 2011 06:41 PM PST Forexpros – The dollar gained in early Asian trading on Thursday as investors rushed to the greenback as a currency safe haven ahead of a summit of European Finance Ministers scheduled to wrap up on December 9 and ahead of key Central Bank moves in Europe. The European Central Bank is expected to cut interest rates by 25 basis points later Thursday, which firmed the greenback against the euro. During early Asian trading, the greenback was up against the euro, with EUR/USD dipping 0.04% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Getting Close To The 38.2% Retracement Posted: 07 Dec 2011 06:34 PM PST usd/hkd getting close to the 38.2% retracement for a second time, this level might provide some resistance for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Temper Rally Ahead Of EU Summit Posted: 07 Dec 2011 05:46 PM PST Forexpros – Gold prices dipped early Thursday, taking a breather after a brief rally fueled by investors rushing to the precious metal in search of a safe haven ahead of a European summit of Finance Ministers. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1742.15 a troy ounce during early Asian trading, shedding 0.15% and slightly off from a session high of 1744.65. Gold futures were likely to find short-term support at USD1706.05 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Reverse US Supply Surge Losses Posted: 07 Dec 2011 05:11 PM PST Forexpros – Crude oil futures erased losses Thursday that stemmed from a surge in U.S. inventories, which sent the raw material dipping below the USD100 per-barrel mark and wiping out Wednesday gains that were fueled by ongoing Middle East tensions. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD100.50 a barrel during early Asian trading, up 0.01%. The commodity dropped to USD99.69 a barrel briefly and later regained some of its strength … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610