Monday, January 16, 2012

DailyMarkets.com - Forex Trading: USDSGD To Retest Support?

DailyMarkets.com - Forex Trading: USDSGD To Retest Support?

Forex Trading: USDSGD To Retest Support?

Posted: 16 Jan 2012 06:21 PM PST

The USDSGD pair looks to be bearing down again on trendline support and it will be interesting to see if another bid could be found, or will risk take over and will the pair retest the 100day moving average for the first time since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Continuing To Hold Descending Trendline

Posted: 16 Jan 2012 06:21 PM PST

Wall Street Math

Posted: 16 Jan 2012 06:16 PM PST

An article in Canada’s Financial Post, “View of U.S. Markets As Isolated From the World 'Dangerous and Misguided,'” serves as a good primer on Wall Street’s cognitively disconnected math:
Combine deteriorating conditions overseas –
The chief market strategist at U.S. Trust Bank of America Private Wealth Management warned against concluding that the relative outperformance of U.S. stocks last year and recent string of strong U.S. economic data mean the country's equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Why Uranium Miners Are Soaring In 2012

Posted: 16 Jan 2012 06:02 PM PST

Listen to internet radio with goldstocktrades on Blog Talk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up During The Asian Session

Posted: 16 Jan 2012 05:45 PM PST

Forexpros – The British Pound was higher against the Japanese Yen on Tuesday after the release of Japanese data on Tertiary Industry Activity Index.

GBP/JPY was trading at 117.81, up 0.11% at time of writing.

The pair was likely to find support at 117.30, Friday's low, and resistance at 118.20, Friday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell more-than-expected to a seasonally adjusted -0.8% last month from 0.6% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Tuesday 17 January

Posted: 16 Jan 2012 05:43 PM PST

Market recovers some losses after yesterday sell-off. Shares advance across Asia as Europe-inspired jitters ease. China economic data due. This week’s inflation, housing and manufacturing reports are likely to show the U.S. remained on a modest upward track at the end of 2011. We expect market to consolidate at this current point before a breakthrough of 2,800.

Sentiment for now is neutral but biased on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 16 Jan 2012 05:05 PM PST

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

EUR/USD was trading at 1.2678, up 0.09% at time of writing.

The pair was likely to find support at 1.2624, Friday's low, and resistance at 1.2878, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8270 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 16 Jan 2012 04:35 PM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of Japanese data on Tertiary Industry Activity Index.

USD/JPY was trading at 76.83, up 0.05% at time of writing.

The pair was likely to find support at 76.67, Friday's low, and resistance at 77.08, Monday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell more-than-expected to a seasonally adjusted -0.8% last month from 0.6% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Free Enterprise On Trial

Posted: 16 Jan 2012 04:26 PM PST

Mitt Romney is casting the 2012 campaign as "free enterprise on trial" – defining free enterprise as achieving success through "hard work and risking-taking." Tea-Party favorite Senator Jim DeMint of South Carolina says he's supporting Romney because "we really need someone who understands how risk, taking risk … is the way we create jobs, create choices, expand freedom." Chamber of Commerce President Tom Donahue, defending Romney, explains "this economy is about risk. If … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 16 Jan 2012 04:10 PM PST

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

EUR/USD was trading at 1.2669, up 0.02% at time of writing.

The pair was likely to find support at 1.2624, Friday's low, and resistance at 1.2878, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8268 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Tertiary Index Falls More-than-expected

Posted: 16 Jan 2012 04:05 PM PST

Forexpros – Japan's tertiary industry activity index fell more-than-expected last month, official data showed on Monday.

In a report, METI said that Japanese tertiary industry activity index fell to a seasonally adjusted -0.8%, from 0.6% in the preceding month.

Analysts had expected Japanese tertiary industry activity index to fall -0.4% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 16 Jan 2012 03:35 PM PST

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

NZD/USD was trading at 0.7935, down 0.01% at time of writing.

The pair was likely to find support at 0.7866, Friday's low, and resistance at 0.7981, Thursday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.02% to hit 1.2992 and EUR/NZD falling 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Continue To Trend Lower In This Wedge.

Posted: 16 Jan 2012 03:23 PM PST

usd/cnh continue to trend lower in this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usdsgd Continue Consolidate In This Wedge.

Posted: 16 Jan 2012 03:23 PM PST

usdsgd continue consolidate in this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Outperform On Reliance Steel

Posted: 16 Jan 2012 02:50 PM PST

We maintain our Outperform recommendation on Reliance Steel & Aluminum Co. (NYSE:RS) which is a leading metals service center for value-added materials management and metals processing services. During the third quarter of 2011, Reliance Steel completed the acquisition of Continental Alloys & Services, Inc. for $415 million.
The company has plenty of capital to grow its existing operations and fund acquisitions. Reliance Steel continues to evaluate and execute additional growth projects as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Xilinx

Posted: 16 Jan 2012 02:25 PM PST

We recently reiterated our Neutral recommendation on Xilinx, Inc. (NASDAQ:XLNX) ahead of the company's third quarter results.
The company is scheduled to report results on January 19, 2012. In December, Xilinx revised its sales guidance for the December quarter. The company now expects sales to decline by 9% – 12%, significantly lower than the previous guidance of a sales decline of 3% to 8% sequentially.
The new guidance implies sales to come between $488.6 million and $505.2 million compared to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shire, Prasco Ink Deal

Posted: 16 Jan 2012 02:05 PM PST

Shire (NASDAQ:SHPGY) recently entered into an agreement with Prasco Laboratories, a US based privately held generics company. The agreement grants Prasco the US distribution rights to the authorized generic version of Carbatrol (carbamazepine) extended-release capsules in various strengths (100 mg, 200 mg and 300 mg). Detailed terms of the agreement were not provided.
Carbatrol is an anticonvulsant drug for several types of seizures including partial, tonic-clonic, mixed and several types of nerve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grainger To Outperform

Posted: 16 Jan 2012 01:55 PM PST

We have recently upgraded W.W. Grainger Inc. (NYSE:GWW) from Neutral to Outperform encouraged by its successful market share strategy which includes increased product offerings, expansion of private label products, sales force investment and focus on e-commerce. A sound balance sheet coupled with cash flow enables Grainger to further invest in growth opportunities, increase dividends and reinvest capital through share repurchases.
Grainger reported third-quarter EPS and revenues of $2.51 and $2.11 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Airlines Offering Solid Returns

Posted: 16 Jan 2012 01:55 PM PST

Despite the fact that air carriers are losing money due to persistent market turmoil and surging fuel prices, we believe airline stocks are offering attractive returns and are the best bets at this point in time.
The airline industry is consolidating in order to regain lost profits and improve operational efficiency. Further, the carriers are cutting capacities and taking several steps to lower their overall costs including fuel and non-fuel.
The wild card is fuel prices, largely a function of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Low Natural Gas Prices Help Families, Businesses

Posted: 16 Jan 2012 01:36 PM PST

 USA Today — “The natural gas futures price fell 13% last week, to $2.67 per 1,000 cubic feet. That’s the lowest winter level in a decade (see chart above).

“The market has been overwhelmed with gas,” says Anthony Yuen, a commodities analyst at Citibank. He and other analysts expect the price to average near $3 for all 2012. If the weather stays mild, the price could even dip below $2, a level not seen since 2002.

Cheap natural gas is mainly a good thing for the economy:

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

Alcoa Snubs Govt. Plan, Shuts Plant

Posted: 16 Jan 2012 01:25 PM PST

The Aluminum giant, Alcoa Inc. (NYSE:AA) announced that it will close its Portovesme smelter in Italy, despite Rome's call to keep operations on the island of Sardinia running.
Further, Alcoa added that it will close its smelter in Italy and slash output at two Spanish smelters as a measure to cut costs and also as a part of its effort to reduce global output by 12%.
The government has proposed to suspend a collective dismissal procedure, known as mobilita in Italian, which usually leads to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Advance After Downgrades

Posted: 16 Jan 2012 01:11 PM PST

Forexpros – bsp;Forexpros – Gold futures advanced on Monday as the safe haven appeal of the yellow metal increased after Standard & Poors downgraded multiple euro zone nations and the European Financial Stability Fund.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1643.85 a troy ounce during late U.S. trade advancing 0.80%.

It earlier hit a high of USD1647.45 climbing 1.05%.

Gold futures were likely to find support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valspar Upgraded To Outperform

Posted: 16 Jan 2012 01:10 PM PST

We upgrade our recommendation on The Valspar Corporation (NYSE:VAL), the sixth largest paint and coatings manufacturer globally, with manufacturing operations all over the world including the U.S., Europe and Asia. The company takes coatings for the global industrial, packaging and architectural markets.
Valspar's net earnings moved to $0.84 per share in the fourth quarter of 2011 from last year's $0.56, exceeding the Zacks Consensus Estimate of $0.70. Sales jumped 19.4% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Powerpoint Version Of “I Have A Dream” Speech

Posted: 16 Jan 2012 12:58 PM PST

From economist William Easterly:

“Martin Luther King’s “I Have a Dream” speech would have been even more successful if Dr. King had two things that have vastly improved in the last 47 years: (1) presentation software, and (2) the evocative jargon used by “social entrepreneurs” trying to change things. Using my expert knowledge of these two areas, I was able to improve the “Dream” speech considerably in this Powerpoint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Eases Higher Depite EFSF Downgrade

Posted: 16 Jan 2012 12:53 PM PST

Forexpros – The pound was slightly higher against the U.S. dollar on Monday despite Standard & Poors mass euro zone and European Financial Stability Fund downgrade.

GBP/USD hit a daily low of 1.5278 prior to consolidating at 1.5322 gaining 0.029% on the session.

Cable was likely to find support at 1.5232, the 17 month low and technical resistance exists 1.5366, the high of January 12.

Standard & Poor’s downgraded France to AA+ from AAA with a negative outlook on Friday.

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

Target’s Road Map Ahead

Posted: 16 Jan 2012 12:50 PM PST

The U.S. economy is going through a rough patch, and at such times it is a tough task for the retailers to convince the shoppers to pay big bills.
Using the arsenals of early-hours store openings, huge discounts, promotional activities and free shipping on online purchases, some of the retail companies were able to lure the cautious customers during the holiday season. But all were not fortune enough in getting the best of rewards from their strategic cards.
Target Corporation (NYSE:TGT), the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Exports To China Have Increased By 21% Per Year Since 2005, Twice The 11% Growth In Imports

Posted: 16 Jan 2012 12:47 PM PST

As much as we continually hear about China’s currency manipulation to artificially increase its exports to the U.S., the chart above shows something very interesting. When: a) monthly U.S. exports to China, and b) monthly imports from China, are both normalized to equal 100 in January 2005, we can see that U.S. exports to China have actually grown much faster (about 21% per year) than imports from China (about 11% per year). Over the 7-year period from January 2005 to November 2011, U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Life Tech To Redeem Notes

Posted: 16 Jan 2012 12:35 PM PST

Life Technologies Corporation (LIFE) has decided to redeem $450 million of 1.5% convertible senior notes due 2024 on February 15, 2012. The company announced that the notes tendered will be converted at a rate of 19.603 shares of common stock per $1,000 principal amount of the notes. At the end of the most recent quarter, Life Technologies had $2.7 billion of notes consisting of convertible debt of $450 million and senior notes of $2.3 billion.
Life Technologies had $636 million of cash and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cintas To Outperform

Posted: 16 Jan 2012 12:20 PM PST

We have recently upgraded Cintas Corporation (NASDAQ:CTAS) from Neutral to Outperform encouraged by solid organic growth and margin expansion despite cost headwinds. Furthermore, we believe Cintas' balance sheet and cash flow characteristics support a renewed repurchase authorization and a dividend hike.
Cintas reported earnings of 57 cents per share for fiscal second quarter 2012, comfortably surpassing the Zacks Consensus Estimate of 48 cents and 50% higher than the 38 cents earned in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walter Energy Snips Guidance

Posted: 16 Jan 2012 12:05 PM PST

Metallurgical (met) coal producer Walter Energy Inc. (NYSE:WLT) provided its met coal production expectation for 2012. The company expects production for 2012 to be in the range of 11.5 million to 13 million metric tons versus its prior expectation of 13 million to 14 million metric tons of met coal.
The current 2012 production expectation is lower than the previous guidance as the company takes into consideration the inherent risk associated with the mining business besides lower-than-expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Drops Again

Posted: 16 Jan 2012 11:55 AM PST

Forexpros – Natural Gas futures prices plummeted, hitting new 28 month lows Monday, as forecasts signal continued warm weather reducing demand for the heating fuel.

On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD2.547 per million British thermal units during late U.S. trade, falling another 0.10%

Prices are trading below the psychologically critical USD3.00 level as bearish sentiment was elevated after the Commodity Weather Group stated earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cardica Suspends Enrollment

Posted: 16 Jan 2012 11:50 AM PST

Surgical devices maker Cardica (NASDAQ:CRDC) reported that it has halted enrollment in the European clinical trial for its endoscopic stapling device MicroCutter XPRESS 30 as the device failed to perform satisfactorily in thicker tissue.
The trial has been designed to evaluate the safety outcomes of the MicroCutter XPRESS 30. The company noted that it has isolated the underlying cause which requires changes to the device to boost its performance.
Separately, Cardica stated that it plans to begin … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Man’s Home Is The Government’s Castle In NYC

Posted: 16 Jan 2012 11:43 AM PST

In December I had a post about James Harmon, an owner-occupant Manhattan landlord who is going all the way to the United States Supreme Court with his legal claim that New York City's rent control laws constitute an illegal seizure of his five-story brownstone property on W. 76th Street without just compensation, and violate the Constitution's contracts clause.

Nicole Gelinas, contributing editor to the Manhattan Institute's City Journal, has an excellent editorial about NYC rent control … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Gets Air Force Contract

Posted: 16 Jan 2012 11:35 AM PST

Raytheon Company (NYSE:RTN) announced that it has received a $27.4 million contract from the U.S. Air Force Space and Missile Systems Center. Per the contract Raytheon will develop a Global Positioning System (GPS) Launch and Checkout System (LCS), which will provide early launch and checkout of GPS III satellites starting with the first GPS III launch in 2014. The LCS solution would enable GPS III satellites to launch on schedule and conduct on-orbit checkout prior to the GPS Next Generation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Gains Ground On Euro Zone Concerns, EFSF Downgrade

Posted: 16 Jan 2012 11:35 AM PST

Forexpros – The U.S. dollar gained ground against its major counterparts Monday after a mass euro zone credit and a European Financial Stability Fund downgrade by Standard & Poors combined with a weak French debt auction.

During late session U.S. trade, the greenback traded higher against the euro, with EUR/USD falling 0.10% to hit 1.2665.

Standard & Poor’s downgraded France to AA+ from AAA with a negative outlook on Friday.

The rating agency also slashed Cyprus, Portugal, Italy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Citigroup Inc.

Posted: 16 Jan 2012 11:20 AM PST

Citigroup Inc. (NYSE:C) is scheduled to report its fourth quarter and full year 2011 results before the market opens on Tuesday, January 17. The Zacks Consensus Estimate for the quarter is 50 cents per share, representing an estimated year-over-year growth of about 25%. For the full year, the Zacks Consensus Estimate is $3.83 per share, up about 9% from the previous year.
With the weakness in the economy at large and fundamental stress on the banking sector in particular, we don't expect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tries To Push Below Trendline Other Support

Posted: 16 Jan 2012 11:18 AM PST

The EURUSD has pushed to test trendline support at 1,2658 and the lows from last Monday/Wednesday at the 1.2661-65 area.  A move below the levels should open the door for further selling. The move down has been on the lowering of the credit rating of the EFSF to AA+ from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mindray Discloses New Products

Posted: 16 Jan 2012 11:10 AM PST

Mindray Medical International Limited (NYSE:MR), a leading Chinese medical device manufacturer, recently provided an update on its new product launches during 2011 and its pipeline for both the Chinese and overseas markets for 2012.
During the past year, Mindray launched 7 new products, such as A5 and A3 anesthesia machines and the BeneHeart D3 defibrillator, in its patient monitoring and life support line of business.
The company commercialized the BC-6800 five-part hematology analyzer and some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ICAAN Opens Door For TLDs

Posted: 16 Jan 2012 11:00 AM PST

01/16/12 The Internet Corporation for Assigned Names and Numbers is accepting applications for generic top-level domains. The $185,000 fee may stave off some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Home Depot Gears Up For Spring

Posted: 16 Jan 2012 10:50 AM PST

The world’s largest home improvement retailer Home Depot Inc. (NYSE:HD) is warming up for the spring season. The company recently announced plans to hire more than 70,000 temporary employees, level with last year's seasonal hiring.
In 2011, the company had plans to hire around 60,000 people but finally employed 10,000 more. Though hiring for the spring season is temporary, the company pointed out that about half of people hired in 2011 were retained with permanent positions.
Home Depot, like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Bounce On Iranian Fears

Posted: 16 Jan 2012 10:41 AM PST

Forexpros – bsp;- Crude oil futures bounced from nearly a month low as Iran warned it may disrupt oil supplies in the Strait of Hormuz resulting in a shock no country could manage .

On the New York Mercantile Exchange, light sweet crude futures for February settlement traded at USD99.86 a barrel during mid U.S. trade bouncing 0.99%.

It earlier climbed to USD99.97 nearly cracking the psychological critical USD100.00 per barrel

Slight weakness in the U.S. dollar helped support oil prices. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Check Point

Posted: 16 Jan 2012 10:35 AM PST

Check Point Software Technologies (NASDAQ:CHKP) is scheduled to announce its fourth quarter 2011 results on January 17, 2012 before market opens and we see limited estimate revisions at this point.
Third Quarter Overview
Check Point delivered a decent third quarter, with earnings per share of 67 cents beating the Zacks Consensus Estimates by a penny. The quarter's results increased 13.6% from a year ago. Revenue saw a 12.8% year-over-year increase, aided by strong performances by the Product & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Dental Cartel Objects To Competition From Dental Therapists, Out Of Concern For Public Safety

Posted: 16 Jan 2012 10:31 AM PST

From Governing.com:

“Try finding a dentist in the remotest rural or deepest urban pockets of the land, and for blatantly economic reasons, they just aren't there. That's why states are looking to fix the problem by creating a so-called mid-level dental provider, sometimes referred to as a dental therapist or advanced dental therapist. Much like a nurse practitioner (NP) or physician assistant (PA) is to a doctor, this provider would be educated and licensed to perform basic dental services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slightly Lower On S&P Downgrades

Posted: 16 Jan 2012 10:17 AM PST

Forexpros – bsp;Forexpros – The euro fell against the U.S. dollar on Monday after Standard & Poors downgraded France’s credit rating one notch and cut eight other euro zone countries.

EUR/USD hit a low of 1.2626 during U.S. trade. The pair is off a high of 1.2688 and is currently trading at 1.2677 down 0.01%.

The pair was likely to find support at 1.2623, Friday’s low and technical resistance exists at 1.2789, the January 11th high.

The single currency came under pressure when Standard … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forbidden Technologies Eyes Sales Boost As Strategy Pays Off

Posted: 16 Jan 2012 08:10 AM PST

Forbidden Technologies (LON:FBT), the AIM listed company behind the Cloud-based video platform FORscene, saw its shares rise by 4% to 37.5p today on news that double digit sales growth during 2011 had enabled it to expand its capability to address new markets and equip itself for larger deals. The company noted that its visible sales pipeline for 2012 already showed a further expansion.

Forbidden said it had entered 2011 with an outstanding Cloud video platform, a strong cash balance, growing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment