Monday, February 13, 2012

DailyMarkets.com - Forex Trading: EURUSD Retraces Some Of The London Gains. Look At Other Major Currency Pairs

DailyMarkets.com - Forex Trading: EURUSD Retraces Some Of The London Gains. Look At Other Major Currency Pairs


Forex Trading: EURUSD Retraces Some Of The London Gains. Look At Other Major Currency Pairs

Posted: 13 Feb 2012 07:22 AM PST

Higgs: Immiseration Of Personal Interest Income

Posted: 13 Feb 2012 07:04 AM PST

Last week I had an CD post on how the Fed’s zero interest rate policy has significantly reduced personal interest income and it generated a lively discussion. Robert Higgs had a related post last Friday titled “The Fed’s Immiseration of People Who Live On Interest Earnings,” here are some of his comments:

“Fed's policy of acting to hold interest rates well below free-market rates in recent years has had the effect of greatly diminishing the earnings of people who rely on interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Commodity Currencies Lifted As Greek Parliament Passes Austerity Measures

Posted: 13 Feb 2012 06:48 AM PST

Fundamental Headlines
- Europe Welcomes Greek Austerity Vote as Bailout Nears – Bloomberg
- Obama's $3 Trillion Budget Proves Unique – Bloomberg
- Israel Says Bombs Target Embassies in India, Georgia – Reuters
- Further Hurdles Ahead for Greece – WSJ
- Volcker to Push Back on Banks' Trading – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets took a turn back higher in the overnight as the uncertainties surrounding the Greek bailout and default were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cattle Prices Moove Sideways As Packers Balk At High Prices

Posted: 13 Feb 2012 06:18 AM PST

Friday, February 10, 2012
With Live Cattle futures prices currently hovering near record highs, it may be difficult for some traders to initiate long positions, with the fear of a price correction looming despite bullish fundamentals. Some traders in this scenario may wish to explore buying just-out-of-the-money calls in Live Cattle futures options. For example, with April Live Cattle trading at 128.400 as of this writing, the April 130 calls could be bought for 2.000, or $800 per option, not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hog Market Confounding Both Bulls And Bears

Posted: 13 Feb 2012 06:18 AM PST

Monday, February 13, 2012
With a bullish seasonal bias and small futures to cash premium, Hog bulls seem to have a slight edge going into the spring. Some traders who are looking to take a moderately bullish position in Hog futures may perhaps wish to explore buying a call ratio spread in Lean Hog futures options. For example, with April Hogs trading at 88.925 as of this writing, the April 90 calls could be bought and 2 April 95 calls sold for a net debit of 0.900, or $360 per spread, not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Falls Below 100 Hour MA At 1.3247. Look For Downside Momentum

Posted: 13 Feb 2012 06:18 AM PST

The EURUSD has moved below the 100 hour MA at the 1.3247 level after spending the London morning session above this MA level. The market will now be looking for addtional downside momentum and for that MA to hold topside resistance.  The next minor target to get through is the 1.3231 level (lows from last weeks trade). Below that level is the 38.2% of the weeks move higher at the 1.32084.   Below that the 200 hour MA at the 1.3187 level is the next target (green line in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TAM Revs Up On Passenger Demand

Posted: 13 Feb 2012 06:16 AM PST

On February 13, 2012, TAM S.A (NYSE:TAM) reported its financial results for the fourth quarter and fiscal 2011. The company reported a net income of R$95.5 million (US$53.4 million) in the quarter, down 36.4% from R$150.1 million (US$88.8million) in the year-ago quarter.
Earnings per share were recorded at R$0.6 per share (US$0.34 per ADR) compared with R$1.0 per share (US$0.59 per ADR) reported in the year-ago quarter.
For FY11, the company reported net loss of R$2.1(US$1.3 per ADR) per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


How To Find The Most Active And Liquid Options For Trading

Posted: 13 Feb 2012 06:11 AM PST

"Ah, to think how thin the veil that lies between the pain of Hell and Paradise."
            – George William Russell -
 
Welcome back to the musings from the desk of an options trader. I wanted to discuss some important facts readers should keep in mind when considering an options trade. There are lots of ways to make errors in my world, and I think I have made most of them. I suggest you at least consider the points I will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Republic Services Tops EPS

Posted: 13 Feb 2012 05:50 AM PST

Republic Services, Inc. (NYSE:RSG) reported fiscal 2011 fourth quarter results, posting an EPS of 53 cents in the quarter, a 26% increase from the year-earlier quarter and above the Zacks Consensus Estimate of 45 cents.
The quarter's EPS excluded a loss of 1 cent related to extinguishment of debt and the prior-year quarter excluded a loss on extinguishment of debt of 2 cents and restructuring charges and costs of achieving synergies of 1 cent each. Including these items, EPS amounted to 51 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Accuray Tops, New Orders Jump

Posted: 13 Feb 2012 05:35 AM PST

Leading radiosurgery systems maker Accuray Incorporated's (NASDAQ:ARAY) second-quarter fiscal 2012 adjusted (excluding one-time items such as acquisition-related charges and employee severance and retention costs) loss per share of 10 cents was lower than the Zacks Consensus Estimate of a loss of 19 cents.
On a reported basis, the California-based company posted a net loss of $10.4 million or 15 cents a share in the quarter versus a profit of $4.1 million or 7 cents a year ago.
Accuray closed its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BRE Marginally Beats Estimates

Posted: 13 Feb 2012 05:22 AM PST

BRE Properties Inc. (NYSE:BRE), a real estate investment trust (REIT) that operates apartment communities, reported fourth quarter 2011 fund from operations (FFO) of $43.3 million or 57 cents per share compared to $9.8 million or 15 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported FFO for fourth quarter 2011 marginally beat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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