Tuesday, August 7, 2012

DailyMarkets.com - Tuesday’s Stocks To Watch, Aug 7

DailyMarkets.com - Tuesday’s Stocks To Watch, Aug 7

Tuesday’s Stocks To Watch, Aug 7

Posted: 07 Aug 2012 01:06 AM PDT

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Ciena Corporation (NASDAQ:CIEN) displayed some impressive relative strength with a 5.32% gain. Look for imminent breakout above 17.3/17.4 resistance. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is at 65. Keep an eye on it.

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Micron Technology, Inc. (NYSE:MU) – Entry point would be on the day it blows through 6.7 on heavy volume.

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Huntsman Corporation – (NYSE:HUN) There is a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Sri Lanka Holds Interest Rate Steady At 7.75%

Posted: 06 Aug 2012 11:46 PM PDT

    The Central Bank of Sri Lanka held its main repurchase rate steady at 7.75 percent, as forecast, as growth remains on track and inflation is expected to remain around the target.
    The central bank acknowledged that global economic conditions had worsened but the adverse impact was not likely to affect Sri Lanka’s economy more than already anticipated earlier this year when 2012 growth forecasts were cut to 7.2 percent from 8.0 percent. The economy expanded by an … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Aug 7, 2012

Posted: 06 Aug 2012 11:00 PM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Federal Reserve says U.S. bank lending conditions easing (Reuters)
Standard Chartered faces N.Y. suspension over Iran deals (Bloomberg)
Chile economy surges in June from yr ago, … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Australia Leaves Cash Rate Steady At 3.50%

Posted: 06 Aug 2012 10:15 PM PDT

     The Reserve Bank of Australia (RBA) left its main cash rate unchanged at 3.50 percent, as expected, with the bank saying the country’s growth was close to its longer term trend rate and inflation was likely to be consistent with the central bank’s target.
    Although global growth has softened, the RBA said growth in China, a major export market for Australia’s raw materials,  had moderated, but it did “not appear to be slowing further.”
    The … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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