Friday, February 10, 2012

DailyMarkets.com - Forex Trading: USD Softer In Recent Trading

DailyMarkets.com - Forex Trading: USD Softer In Recent Trading

Forex Trading: USD Softer In Recent Trading

Posted: 10 Feb 2012 02:18 AM PST

The dollar has lost some steam following the Euro positive comments from Germany's Ernst and a better than expected UK PPI number.
In the case of the dollar vs. the Canadian dollar, the pair is looking to test downward trend line support which has been developing over the last 24 hours. If support holds we look back to .99882 at the target; a break lower should see us trade towards … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Firmer Following A Comments From Germany’s Ernst That The ECB Will Provide Temporary Security Of EUR 35 Bln During The Greek Write-down Phase.

Posted: 10 Feb 2012 01:23 AM PST

The Euro has been grinding lower for most of the New York trading day with the Dow closing flat on the day and the Nikkei and Hang Seng both closing in the red. Risk sentiment continued to drag the EUR lower with Dow futures currently down 58 points. The EUR/USD came close to testing support at 1.32344 before the comments was release, we haven't seen a close below this level since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Higher On Barroso’s Comments

Posted: 10 Feb 2012 12:17 AM PST

Greek bailout package is in its final stage.
Expects a solution on the Greek bailout to be reached next week.
Confident that Greece will remain in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Serbia Pauses Interest Rate At 9.50%

Posted: 09 Feb 2012 11:14 PM PST

The National Bank of Serbia held its 2-week repo rate unchanged at 9.50%.  The Bank said: ”The key risks to inflation projection stem from the international environment due to the still unresolved crisis in the euro area, as well as from fiscal policy at home. Keeping the budget deficit within the framework earlier agreed with the IMF would serve as an additional safeguard of macroeconomic stability and leave more scope for future relaxation of monetary policy.”
The Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Pandora

Posted: 09 Feb 2012 11:05 PM PST

Pandora (P) shows signs of strong growth potential and is making the rounds in an effort to tell its story. The stock is a Zacks #2 Rank (Buy).
Company Description
Pandora operates as an Internet radio company in the United States. It provides its radio service to traditional computers, Android phones, Blackberry phones, and the iPhone. The company allows listeners to seed personalized stations with artists, composers, songs, and genres or choose stations organized by genre.
Limited Operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Hain Celestial Group (HAIN)

Posted: 09 Feb 2012 11:05 PM PST

A leader in natural food and personal care products with an array of well-known brands, Hain Celestial Group (NASDAQ:HAIN) offers investors one of the strongest growth profiles in the industry. The company’s strategic investments plus continued efforts to contain costs, increase productivity, and enhance cash flows and margins have enabled it to deliver healthy results.
This is quite evident from Hain’s second-quarter 2012. The quarterly earnings of $0.52 per share beat the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Altera Corporation (ALTR)

Posted: 09 Feb 2012 11:05 PM PST

Earnings estimates for Altera Corp. (NASDAQ:ALTR) have declined significantly after a weak guidance for the first quarter of 2012. The company expects sales to decline 5%-9% sequentially. As per management, the program timing in the Military section will account for half of the decline.
The company expects revenues from the wireless segment to move lower across multiple geographies due to continued inventory depletion and softening of demand in the second half of 2011. Altera has a large exposure to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Enterprise Products Partners LP

Posted: 09 Feb 2012 11:05 PM PST

Enterprise Products Partners LP (NYSE:EPD) posted record results for the fourth quarter of 2011 on February 1. It was also its 9th consecutive positive earnings surprise.
Estimates have been moving significantly higher for both 2012 and 2013, sending the stock to a Zacks #1 Rank (Strong Buy).
The company also recently increased its quarterly distribution for a remarkable 30th consecutive time. It currently yields a juicy 4.9%.
MLP
Enterprise Products Partners is a Master Limited Partnership (MLP) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: MagicJack (VocalTec Ltd)

Posted: 09 Feb 2012 11:05 PM PST

MagicJack (NASDAQ:CALL)
Almost a month to date, on January 10th I wrote about Magic Jack (CALL) first here as a Momentum Rank Buy.  On that date, the stock was trading at roughly $13.50.  Since then shares of the Magic Jack maker leapt 48% to a high of almost $20.  I thought it would be a good time to revisit Magic Jack and explore where I see the stock headed now as it has settled down to the $17 level.
Obviously performance like this must be backed by fundamental data, which we are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Dollar Store Locations Reveal About America

Posted: 09 Feb 2012 06:39 PM PST

How does the concentration of dollars stores correlate with various socio-economic factors?  Here are some interesting results from a study featured in The Atlantic:
 
1. The correlation between dollar stores and median income is significant and negative (-.57).
 
2. Dollar stores are concentrated in states with lower levels of education or human capital. The correlation is again significant and negative, even greater than for income (-.77).

3. The geography of dollar stores … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Resistance Reference Barrier To Watch In Silver SLV

Posted: 09 Feb 2012 06:32 PM PST

Silver (and its popular ETF SLV) face a major resistance barrier overhead which should be watched closely.
Let's update the current Daily Chart of Silver and SLV to note this key price level to watch as a reference.

Let's focus most of our attention on the overhead resistance cluster at the $35.00 per ounce level.
On the chart above, we see three major indicators wrapping around the $35.00 area:

The larger 38.2% Fibonacci Retracement (whole move)
The smaller 50.05% Fibonacci Retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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