19 Haziran 2011 Pazar

DailyMarkets.com - EU Nod For Unilever’s Brand Sale

DailyMarkets.com - EU Nod For Unilever’s Brand Sale

EU Nod For Unilever’s Brand Sale

Posted: 15 Jun 2011 08:25 AM PDT

The European Union (EU) has shown the green flag to Colgate-Palmolive Co. (CL) to move ahead with its acquisition of the shower gel and deodorant brand Sanex for $980 million from Unilever Plc. (NYSE:UL).
The EU is of the opinion that the transaction would not significantly impede effective competition in the European Economic Area, at least in a substantial part of it. However, strong competitors would leave no stone unturned to lure customers with sufficient number of alternative products.
Sanex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: The Downside Prevails

Posted: 15 Jun 2011 08:16 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 15 Jun 2011 08:16 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Navistar Gets Record Truck Order

Posted: 15 Jun 2011 08:05 AM PDT

Navistar International Corp (NYSE:NAV) recently bagged an order of 471 armored patrol trucks worth $357 million from the U.S. Marine Corps Systems Command. This order is considered to be the company's biggest request for its MaxxPro Dash vehicles, which will feature DXM independent suspension from this year. 
Navistar has decided to produce the new units from its Texas and Mississippi plants. The order is expected to be completed by September 2011.
The continuous success of the U.S. troops … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ericsson Buys Telcordia

Posted: 15 Jun 2011 08:05 AM PDT

LM Ericsson Telephone Company (NASDAQ:ERIC) will acquire 100% of the shares of US based Telcordia from private equity firms Providence Equity Partners and LLC and Warburg Pincus, for $1.15 billion.
Telcordia is a developer of mobile, broadband and enterprise software and services.
The acquisition will enable Ericsson to expand its presence in operations support systems (OSS) and business support systems (BSS) market by leveraging Telcordia's position within the OSS/BSS and portfolio of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Wall Street In The Red, Pandora Shares Surge

Posted: 15 Jun 2011 08:05 AM PDT

06/15/11 Equities declined on weak economic data and ongoing Euro-zone debt concerns. Pandora shares debuted on the NYSE, and shares soared at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Confirms Bearish Breakout And Targets 113.85, 113.45 In The Short-term

Posted: 15 Jun 2011 07:54 AM PDT

EUR/JPY Tests Wedge Pattern Support (6/10)
EUR/JPY

Short-term to Medium-Term
- Since breaking below a rising support seen in the 4H chart, the EUR/JPY found support near 115.00 and offered a pullback rally. This rally came back to test the 116.70 level, where the 200SMA resided. This pushed the RSI to 60, but did not break.
- The market is now continuing the bearish attempt. If this second leg is equal to the first it targets 113.80. There is support down to 113.45, which should be the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Pare Losses After U.S. EIA Inventory Data

Posted: 15 Jun 2011 07:41 AM PDT

Forex Pros – Crude oil futures pared losses on Wednesday, bouncing off the daily low after a government report showed that U.S. crude oil inventories fell more-than-expected last week.

On the New York Mercantile Exchange, light sweet crude futures for delivery in July traded at USD99.08 a barrel during U.S. morning trade, easing down 0.2%. 

It earlier fell as much as 1.1% to trade at a daily low of USD98.11 a barrel, as a broadly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mid-America Buys Assets In Georgia

Posted: 15 Jun 2011 07:40 AM PDT

Mid-America Apartment Communities Inc. (MAA) recently acquired an upscale apartment community, the Avala, at Savannah Quarters located in Savannah, Geogia for an undisclosed amount. The acquisition was funded through proceeds generated from share offering and borrowings under  the company’s current credit facilities.
Developed in 2009, the 256 unit apartment community in the Pooler area is a premium lifestyle golf community offering modern amenities including a fitness center, clubhouse … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starwood Kept At Neutral

Posted: 15 Jun 2011 07:35 AM PDT

We are maintaining our long-term Neutral recommendation on Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), a leading worldwide hospitality company, which primarily focuses on property ownership, management and franchising.
Starwood's first quarter 2011 operating earnings outpaced the Zacks Consensus Estimate, primarily driven by better-than-expected demand for hotels. We believe the strength of Starwood's brand allows the company to charge a premium for its hotel rooms. With average … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Comcast Teams With Intel

Posted: 15 Jun 2011 07:35 AM PDT

Comcast Corporation (NASDAQ:CMCSA), the largest cable MSO (multi-service operator) in the U.S, recently entered into an agreement with Intel Corporation (NASDAQ:INTC). As per the agreement, Comcast will use Intel's chipsets in its set-top boxes.
The usage of Intel's microprocessors in Comcast's Xfinity TV devices, which supports television service anywhere and anytime, will enable the company to provide better services to its customers such as better navigations, photo/video sharing, social … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, June 15, 2011

Posted: 15 Jun 2011 07:30 AM PDT

As we mentioned the Nasdaq Composite created a gap up in yesterday’s session that will be filled if it traded down to 2,658.  This morning the Nasdaq Composite filled the gap at 2,658, traded as low as 2,650, and has bounded up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Stays Above The Fibo Retracement. Tests 100 Day MA Level

Posted: 15 Jun 2011 07:28 AM PDT

The GBPUSD tested and held the 38.2% retracement level at the 1.6209 level on Friday June 10th and again on Monday June 13th. The 100 day MA at 1.6253 level today is also a key level to eye.  The current price is at/near the 100 day MA, up from a low at 1.6226.  The market is once again finding the support level (at 1.6209) difficult to break. 
Traders who are short from above, might be inclined to keep the position, looking for a break of the key support below. What I would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Up Vs. Rivals, Boosted By US. CPI Data, Greece Woes

Posted: 15 Jun 2011 07:28 AM PDT

Forex Pros – The U.S. dollar extended broad gains against its major counterparts on Wednesday, as concerns over Greek sovereign debt continued to curb risk appetite and after U.S. data showed that core inflation rose more-than-expected last month.

During early U.S. trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.02% to hit 1.4293.

Ratings agency Moody’s placed three of Frances largest lenders under review, pending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Slide To 3-week Low On Mild U.S. Weather

Posted: 15 Jun 2011 07:24 AM PDT

Forex Pros – Natural gas futures were down for a third day on Wednesday, dropping to a three-week low amid expectations for reduced demand after forecasts showed mild weather in the Northeastern U.S. states next week.

On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.546 pr million British thermal units during U.S. morning trade, slumping 0.65%

It earlier fell to USD4.522 per million British thermal units, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Losses After U.S. Inflation Data

Posted: 15 Jun 2011 07:22 AM PDT

Forex Pros – The pound extended losses against the U.S. dollar Wednesday, after official data showed that U.S. core inflation posted its largest monthly gain in nearly three years last month.

GBP/USD hit 1.6227 during early U.S. trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.6251, dropping 0.72%.

Cable was likely to find short-term support at 1.6130, the low of May 25 and resistance at 1.6382, the days … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Toward Resistance Target Area At 1.4320-29

Posted: 15 Jun 2011 07:10 AM PDT

Strikes and political turmoil in Greece. Prime Minister Papandreou is finding less support from his government which puts into question the austerity measures being passed. The measures are needed for the IMF to provide the next tranche payment.  That is contingent on a viable plan from the EU as well.  The uncertainty should keep the EURUSD under pressure. 
The technicals will tell the story. Traders who are short have seen the price move above the channel trendline.  The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Sharply Lower On Greece Concerns, U.S. Data

Posted: 15 Jun 2011 07:10 AM PDT

Forex Pros – The euro was sharply lower against the U.S. dollar on Wednesday, as uncertainty over Greece’s sovereign debt crisis weighed and after U.S. data showed that core inflation rose more-than-expected last month.

EUR/USD hit 1.4265 during early U.S. trade, the pair’s lowest since May 30; the pair subsequently consolidated at 1.4302, tumbling 0.96%.

The pair was likely to find support at 1.4124, the low of May 27 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesday Links

Posted: 15 Jun 2011 06:59 AM PDT

1. John Goodman reports on free health care screenings, currently available at Sam’s Clubs, and comments that  “In just three years you are going to be forced to buy insurance coverage for the very services Wal-Mart is giving away for free!”

2. Wendell Cox argues that land-use restrictions and planning policies like smart growth fueled property prices and became the engine of the housing boom and bust.

3. Tourism officials at Alabama beaches say taxes have been up for the past seven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pullback’s A B*tch: Gold And Silver Short-term Bottoms Tested

Posted: 15 Jun 2011 06:57 AM PDT

Intra-day Double Bottoms Seen in Gold and Silver (6/15)
Gold (XAU/USD)

Short-Term- Gold was seen developing double bottom action before the European session brought it back down towards its recent lows. This pullback invalidates the double bottom, but failed to break below the previous lows, suggesting that although the bullish intent is weak, the bearish one has also paused.
- The RSI still shows maintenance of the bearish momentum, and if the current rally fails to break above 1523.80 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Jump To 3-day High After U.S. Inflation Data

Posted: 15 Jun 2011 06:57 AM PDT

Forex Pros – Gold futures erased early losses to trade at a three-day high on Wednesday, after official data showed that U.S. core consumer prices accelerated at the fastest pace in nearly three years in May, boosting the metal’s appeal as a hedge against inflation.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,533.25 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP’s New Notebooks Get AMD VISION

Posted: 15 Jun 2011 06:55 AM PDT

Hewlett-Packard Company (NYSE:HPQ) has introduced 11 new notebook models with AMD's latest VISION Technology targeting individual consumers, small and midsize businesses (SMBs) and large corporations. The new models are both affordable and performance oriented.
The new note books comprise Advanced Micro Devices Inc.'s (NYSE:AMD) A-series Accelerated Processing Units (APUs) that combine revolutionary CPU cores and powerful graphics to deliver superior processing speeds and enhanced visual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Rises After Upbeat U.S. Inflation Data

Posted: 15 Jun 2011 06:37 AM PDT

Forex Pros – The U.S. dollar was higher against its Canadian counterpart on Wednesday, after official data showed that U.S. core inflation rose more-than-expected last month, while Canadian manufacturing sales slipped.

USD/CAD hit 0.9728 during early U.S. trade, the daily high; the pair subsequently consolidated at 0.9711, gaining 0.35%.

The pair was likely to find support at 0.9654, the low of May 31 and resistance at 0.9770, Tuesday’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Odd Couples Sink Everything But The Dollar

Posted: 15 Jun 2011 06:36 AM PDT

There's no shortage of individual catalysts to drive foreign exchange prices midweek although the single conclusion is a strengthening of the U.S. dollar to its strongest in three weeks. A series of Odd Couples is behind today's market action as dealers attempt to pin down the relative strength of domestic units against the dollar.
British pound – It appears that fiscal spending cuts are starting to show up in Britain's unemployment data. The May reading for jobless claims was far worse … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Let’s Go Bruins!!!

Posted: 15 Jun 2011 06:35 AM PDT

I contemplated writing this morning about a recent Supreme Court ruling which seriously derails the perceived notion that mutual funds are fully vested in protecting investors. That ruling is a real setback for investors; I beg your indulgence if I put off highlighting that story for another day. Why?
Today I care to send out a message on behalf of all those who grew up with an organization which occupied a special place in my heart and that of virtually every other young boy growing up in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Apple, Avis Budget Group, Dollar Thrifty Automotive Group, Entropic Communications, Ferrellgas Partners, L.P., Hewlett-Packard Company, Intel, J.C. Penney Company Holding Company, Kaydon, Morgan Stanley, Nokia, Petroleum Development, GT Solar International, UBS AG

Posted: 15 Jun 2011 06:31 AM PDT

    Share prices of J.C. Penney (NYSE:JCP) rose 17.47% to close at $35.37 after the mid-market U.S department store chain said it has hired Ron Johnson as chief executive who will be taking over from November. Johnson is a senior vice-president at Apple, and has been successfully running the software major's retail stores for the last 11 years

    GT Solar International, Inc. (NASDAQ:SOLR) closed 9.52% higher at $13.35 after the company hiked its first-quarter revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vertex In-Licenses HCV Candidates

Posted: 15 Jun 2011 06:31 AM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently announced a worldwide licensing agreement with Alios BioPharma, Inc. for the latter's hepatitis C candidates ALS-2200 and ALS-2158. Both candidates are currently in preclinical trials and data from in vitro studies demonstrated that both had a synergistic effect when combined together and also when combined with Vertex Pharma's Incivek (telaprevir) and VX-222. Moreover, both candidates showed antiviral activity across all genotypes, or forms, of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Office Depot To Launch Thrive

Posted: 15 Jun 2011 06:31 AM PDT

Office Depot Inc. (NYSE:ODP), known for offering its clients with the ground-breaking products to facilitate their business, recently announced the launch of Toshiba's Thrive tablet at its retail store locations, commencing from July 10, 2011.
The leading supplier of office products and services across the globe announced that the buyers can now book the Thrive tablet prior to the launch through a pre-order beginning from June 14, 2011.
Touted as the world's hottest tablet for office goers, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesdays With Wyckoff: How I Select A Stock For Investing

Posted: 15 Jun 2011 06:27 AM PDT

Switching gears for this week's "Wednesdays with Wyckoff" series, Richard Wyckoff not only contributed insights into the trading community, but also the broader investing world.
This week's update focuses on Wyckoff's Six Factors he used for selecting a stock to buy as an investment, and they are as follows:
1.  The Longer Term Trend of the Stock Market
2.  The Nature and Tendency of the Industry of a Stock
3.  The Trend of the Selected Company's Affairs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Greenback Continues Gains Following Miss On CPI Data

Posted: 15 Jun 2011 06:24 AM PDT

The U.S. Dollar soared in the overnight after disappointing data out of the United Kingdom, coupled with riots in Greece and greater-than-expected inflationary pressures in the United States in May boosted demand for the world's reserve currency. In fact, while the general tone of the market was not indicative of a complete move towards risk-aversion, there was clear distaste for the Euro and the Sterling, who were the two biggest losers at the time this report was written.
Although Federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Industrial Production Rises Less-than-expected

Posted: 15 Jun 2011 06:23 AM PDT

Forex Pros – Industrial production in the U.S. rose less-than-expected in May, official data showed on Wednesday.

In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.1% in May, after remaining flat in April.

Analysts had expected industrial production to rise by 0.2% in May.

The report showed that the capacity utilization rate was unchanged in May, holding steady at 76.7%, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is A Rally Brewing In Coffee Futures?

Posted: 15 Jun 2011 06:18 AM PDT

Today’s Idea
Coffee futures are notorious for volatility; especially should a weather event occur that could potentially harm production out of Brazil, which is the world’s largest Coffee producer. Some traders who are expecting an upside breakout in Coffee prices may wish to explore the purchase of a bull call spread in Coffee futures options. For example, with September Coffee trading at 270.55, the September Coffee 285 calls and sell the September Coffee 295 calls could be purchased for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 15 Jun 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 15 Jun 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 15 Jun 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: The Downside Prevails

Posted: 15 Jun 2011 06:16 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Continues Fall Lower

Posted: 15 Jun 2011 06:14 AM PDT

The EURUSD is heading toward the next target being the 61.8% of the move up from the mid May low, to the high. That level comes in at the 1.4246 level. A move below this level will next target on the daily chart the 100 day SMA which comes in at the 1.4142 level currently.  The market tested this moving average in May, but held and moved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Growth Debate Continues

Posted: 15 Jun 2011 06:11 AM PDT

Stocks will likely find it hard to sustain Tuesday’s broad gains as the reality of weak domestic growth and the Greek debt issue takes center stage…all over again. The key report this morning relevant to the domestic growth question was the weaker-than-expected June Empire State survey. This report is a proxy for the health of the manufacturing sector in the state of New York.

The recent deceleration in the manufacturing sector, which had thus far been one of the best performing aspects of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple Unlocks IPhone 4 In US

Posted: 15 Jun 2011 06:11 AM PDT

For the first time ever, Apple Inc. (NASDAQ:AAPL) will be selling the "unlocked" version of iPhone 4 in the US starting this week end, meaning that starting this quarter, the iPhone 4 will not be tied to a specified telecom network. The unlocked version is already available overseas. The new version of unlocked iPhones will be available through its online stores.
The unlocked iPhone 4 is being priced at $649 and $749 for the 16GB and 32GB models, respectively, and are available in black and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

3M Settles Patent Litigation

Posted: 15 Jun 2011 06:05 AM PDT

3M Company (NYSE:MMM) through its three companies 3M, 3M Innovative Properties Co., and 3M Canada has settled a patent litigation filed against Eurotex in Canada for infringing a 3M patent for reflective fire coat trim. The case was being fought in the Federal Court in Ottawa, Canada which ordered Eurotex to pay 3M for the past profits and gave a ruling against Eurotex. Eurotex has agreed to the commandment.
As per the court ruling, Eurotex is prohibited from manufacturing, selling and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US CPI Data Comes In Hot In May Boosting USD, Empire Manufacturing Index Turns Negative

Posted: 15 Jun 2011 06:05 AM PDT

News out of the US this morning was broadly supportive of the USD, both as we had consumer inflation coming in hotter than expected, but also as weak manufacturing data increased the sense of risk aversion that we saw overnight which had already benefited the USD in overnight trading.
Headline consumer prices rose 0.2% on the month, as expected, but core CPI – the measure most important to the Fed since it excludes the volatile items energy and food – rose 0.3% on the month, more than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. TIC Long Term Purchases Rise Less-than-expected

Posted: 15 Jun 2011 06:05 AM PDT

Forex Pros – U.S. Treasury International Capital purchases rose less-than-expected in April, official data showed on Wednesday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities rose to USD30.6 billion in April, after totaling USD24.0 billion in March. 

Analysts had expected purchases of long-term securities to increase to USD36.0 billion in April.

Following … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stranded In Libya

Posted: 15 Jun 2011 06:04 AM PDT

While most countries have rushed to evacuate their citizens from Libya in recent months, one country decided to leave 200 of their nationals stranded in Libya.  Guess the country, it should be easy. 

Reason?  

“Out of fear that what they witnessed — a full-blown popular rebellion against Qaddafi’s dictatorship — could lead to a copycat rebellion back home,” according to a story in Foreign Policy.  “The fear was obviously that these 200 would have a kind of a viral … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Extends Gains After U.S. Consumer Inflation Data

Posted: 15 Jun 2011 05:55 AM PDT

Forex Pros – The U.S. dollar extended gains against the yen on Wednesday, rising to a nine-day high after official data showed that U.S. core inflation posted its largest monthly gain in nearly three years last month.

USD/JPY hit 81.06 during European afternoon trade, the pair’s highest since Monday; the pair subsequently consolidated at 80.87, advancing 0.48%.

The pair was likely to find support at 79.83, the low of June 9 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aussie Resilient To USD Strength But Finally Forms A Double Top In AUD/USD

Posted: 15 Jun 2011 05:49 AM PDT

AUD/USD Bottoms and Breaks Above Declining Trendline (6/13)
AUD/USD

- While other USD crosses like EUR/USD, GBP/USD and even USD/CHF displayed USD-strength, the AUD/USD was flat over the Asian-European session, but finally created a double top heading into the US session.
- There should be caution for the bearish outlook for a currency pair late to the game.
- The 1.0620 pivot might provide good clues to whether the AUD/USD has started an uptrend. A break below suggests its unlikely.
- A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Empire State Manufacturing Index Plunges In June

Posted: 15 Jun 2011 05:45 AM PDT

Forex Pros – The New York Federal Reserve’s index of manufacturing conditions tumbled unexpectedly in June, falling into negative territory for the first time since November, official data showed on Wednesday.

In a report, the Federal Reserve Bank of New York said that its general business conditions index tumbled to -7.8 in June from 11.9 in May. 

Analysts had expected the index to climb to 13.0 in June.

visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Breaks Higher As It Moves Past The Narrow Two Week Range

Posted: 15 Jun 2011 05:42 AM PDT

The USDCHF has moved above the 2 week trading range that has contained the pair in a narrow range. The low over the last few weeks has been 0.8326. The high before today was 0.8466. The 140 pip range is very contained and suggests a non-trending market. The move above should lead to further directional momentum to the upside as long as the price can remain above support levels.  The market should be prepared for a corrective trend. 
Close support currently comes in today at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Core CPI Rises More-than-expected In May

Posted: 15 Jun 2011 05:42 AM PDT

Forex Pros – Core consumer price inflation in the U.S. rose slightly more-than-expected in May, official data showed on Wednesday.

In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.3% in May, after rising by 0.2% in April.

Analysts had expected core CPI to rise by 0.2% in May.

Core consumer prices rose at an annualized rate of 1.5% after accelerating at a rate of 1.3% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Lower On Greece Uncertainty, U.S. Data; Dow Sheds 0.85%

Posted: 15 Jun 2011 05:40 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Wednesday, as ongoing uncertainty over a resolution to Greece’s debt woes weighed on sentiment, while investors digested reports on consumer price inflation and manufacturing activity in New York. 

Dow Jones Industrial Average futures pointed to a drop of 0.85%, the S&P 500 futures shed 0.83%, while Nasdaq 100 futures indicated a decline of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UK Employment Data Disappoints Undercutting Sterling

Posted: 15 Jun 2011 05:37 AM PDT

Data from the UK labor market was very disappointing, as the number of Britons claiming unemployment benefits rose more than expected, highlighting the concern that the UK recovery remains fragile, and that conditions in the labor market will likely get worse before they get better as austerity measures come down the pipe, and economic activity is curtailed as a result of elevated inflation.
From Bloomberg: "U.K. jobless claims surged more than economists expected in May and wage growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manpower On An Acquisition Spree

Posted: 15 Jun 2011 05:36 AM PDT

Manpower Inc. (NYSE:MAN), one of the leading employment services provider is on an acquisition spree in China. In a recent development, the company announced the acquisition of the majority stake in REACH HR, a leading human capital contributor in manufacturing segment with 100,000 associates in Guangdong Province.
The buyout was in line with the company's farsighted strategy of nurturing and supporting China’s industrial employees, thus helping in revamping its industrial zones and stretching … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Boost To Nokia

Posted: 15 Jun 2011 05:25 AM PDT

Nokia Corp. (NYSE:NOK) finds something to celebrate at last. The beleaguered mobile phone manufacturer, who was the undisputed global market leader in this field just a couple of years ago, announced yesterday that it has settled all its patent related legal disputes with Apple Inc. (NASDAQ:AAPL), the iconic iPhone maker.
Nokia and Apple are fighting with each other for nearly 2 years for patents related to several key features for high-end smartphone. These include touchscreen technology, multitasking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brand Trademark Acquisition By CAG

Posted: 15 Jun 2011 05:25 AM PDT

ConAgra Foods Inc. (NYSE:CAG) acquired Marie Callender's brand trademarks from Marie Callender Pie Shops Inc., for $57.5 million. Marie Callender Pie Shops Inc. operates the Marie Callender's Restaurant & Bakery chain in California and the southwestern U.S. The rights were purchased from the restaurant operating company on June 9, 2011.
In 1994, ConAgra Foods acquired a license to sell Marie Callender's frozen meals and pot pies. Thereafter in 2010, the company obtained the license for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Moves Above Trendline Resistance. 80.68 Support Now

Posted: 15 Jun 2011 05:21 AM PDT

The USDJPY has moved above trendline resistance today at the 80.68 level and next has the 80.96 level as the target for the pair. The bulls would like to see the price stay above the trendline today to keep the bias in tact. A move above 80.96 opens the window for additional upside potential for the pair.

On the hourly chart the pair has also shown some additional bullish confirmation with the break above the topside trendline in the channel (see chart above).  That level comes in at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Continues Downtrend With Swing Projections Targeting 1.4145 And 1.3820

Posted: 15 Jun 2011 05:19 AM PDT

Stalking EUR/USD's Pullback from 1.4320 (6/14)
Euro-zone Finance Ministers End Emergency Meeting Divided; Euro Stumbles (6/15)
EUR/USD

Short to Medium-Term- The EUR/USD indeed stopped at the 1.45 level before continuing the downtrend.
- The 4H chart shows the RSI kept under 60, showing maintenance of the bearish momentum. A swing projection targets the 1.4135-1.4145 area, near the 78.6% retracement level.
- Then the market is likely to test the 1.3970 low.
- It should be noted that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro-zone Financial Ministers End Emergency Meeting Divided, Euro Stumbles

Posted: 15 Jun 2011 05:03 AM PDT

The Euro suffered overnight as talks between Euro-zone finance ministers did not come to a conclusion that brought clarity to the market. Euro-zone officials remains deeply divided over the issue of how much participation there should be by private credit-holders with Germany on one side demanded extending maturities of Greek debt, while France and the ECB are on the other side calling for any solution to avoid a "credit event" or default.
With meetings ending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Rallies Vs. Rivals As Risk Sentiment Crumbles

Posted: 15 Jun 2011 04:56 AM PDT

Forex Pros – The U.S. dollar rallied against its major counterparts on Wednesday, as ongoing uncertainty over how to resolve the Greek sovereign debt crisis curbed investor demand for higher yielding assets.

During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 0.95% to hit 1.4301.

Ratings agency Moody’s placed three of Frances largest lenders under review, pending possible downgrades due to their exposure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cloud Computing: An Unstoppable Yet Vulnerable Force

Posted: 15 Jun 2011 04:30 AM PDT

Cloud Computing: An Unstoppable Yet Vulnerable Force
by Tony D'Altorio, Investment U Research
Wednesday, June 15, 2011
The words "cloud computing" are among the latest technology buzzwords these days.
But what does it mean?
People may be asking, "What the heck is the 'cloud?'" Technically, it simply means storing digital files on someone else's computer servers and then accessing those files via the internet.
Many people don't realize that cloud computing isn't really new. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Drops To 2-day Low After Dismal U.K. Jobs Data

Posted: 15 Jun 2011 04:29 AM PDT

Forex Pros – The pound extended losses against the U.S. dollar on Wednesday, after official data showed that the number of people in the U.K. claiming unemployment benefits rose at the fastest pace in almost two years last month.

GBP/USD hit 1.6249 during European early afternoon trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.6268, shedding 0.62%.

Cable was likely to find short-term support at 1.6212, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Set To Follow S&P 500 Lower, Gold Under Pressure As Dollar Gains

Posted: 15 Jun 2011 04:08 AM PDT

Commodities – Energy
Crude Oil Selling to Resume as S&P 500 Futures Sink
WTI Crude Oil (NY Close): $99.37 // +2.07 // +2.13%
Prices are reversing lower toward Fibonacci expansion support at $96.89 re-tested the underside of a triangle consolidation pattern that had been resolved to the downside on Monday, with sharp losses on S&P 500 stock index futures indicating the spectrum of so-called "risky assets" (including crude) are likely to face acute selling pressure after the opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Extends Losses, Tumbling To 2-week Low

Posted: 15 Jun 2011 03:47 AM PDT

Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, tumbling to a two-week low as ongoing uncertainty over a resolution to Greece’s sovereign debt crisis weighed.

EUR/USD hit 1.4300 during European late morning trade, the pair’s lowest since May 31; the pair subsequently consolidated at 1.4313, dropping 0.88%.

The pair was likely to find support at 1.4124, the low of May 27 and resistance at 1.4450, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Completes Full Hourly Retracement

Posted: 15 Jun 2011 03:21 AM PDT

The EUR/USD pair has come off a little over 100 points this session as negative comments, on Greece, continue to come out of the Eurozone. We see from an hourly perspective that the pair had begun to form a bullish channel on the 10th, but the pair made a break-out to the downside at the start of the trading day. A full retracement of the move from June 10th lows to yesterday's high was completed a short while ago after the pair traded down through the 1.43202 level.

1.4282 is the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Baltic Oil Terminals Shares Suspended Amid Accounts Problems

Posted: 15 Jun 2011 01:36 AM PDT

Shares in AIM quoted Baltic Oil Terminals (LON:BTC) were suspended from trading this morning because the company is set to miss a deadline later this month to send out its audited accounts to shareholders. The problem emerged after Baltic was forced to reconstruct the accounting records at its operations in Kaliningrad, Russia, after financial irregularities were identified. Under AIM rules, Baltic is obliged to post its accounts for the year ended December 31, 2010 by June 30. It is understood … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Less Than Reassuring

Posted: 14 Jun 2011 07:33 PM PDT

As the following reports suggest, government officials (and others who are supposedly in the know) believe there’s little reason to worry about the downside risks to the economy.
“CBO Doesn't See Double-Dip Recession” (The Hill)
Congressional Budget Office Director Doug Elmendorf signaled Tuesday that the agency does not expect a double-dip recession despite a worrying May jobs report that showed unemployment creeping up to 9.1 percent.
"Our economic forecast from January had the United … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Risk Aversion Take The Stance

Posted: 14 Jun 2011 04:22 PM PDT

By ForexMansion.com
 
While the U.S. data managed to support sentiment in the second part of yesterday’s trading session, Europe’s failure to reach an agreement on Greece’s rescue plan fueled massive risk aversion.
Worries from a possible default for Greece, that would be the euro area’s first sovereign default, intensified today, offsetting the optimism felt after the U.S. released better than expected retail sales on Tuesday.
An agreement for Greece’s aid package may be pushed till July. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For June 16, 2011

Posted: 14 Jun 2011 03:50 PM PDT

By ForexMansion.com
The USD/JPY pair increased slightly early Wednesday, as positive US economic data increased demand for the greenback which started to rebound against its major counterpart. On the other hand, Bernanke's comments helped the dollar to get itself out of the downside movement which started since the beginning of the week.
The U.S. economy released its retail sales for May, where it fell by 0.2% better than the expected reading drop of 0.5%. On the other hand, the Federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Daily Fundamental Analysis For June 16, 2011

Posted: 14 Jun 2011 03:47 PM PDT

By ForexMansion.com
The AUD/NZD pair continued its upside movement for the third consecutive day, where the hawkish stance for the Reserve Bank of Australia helped Aussie to control the pair's movement.
Mr. Glenn Stevens, the Governor or Reserve Bank of Australia, said that the Bank is to raise the interest rates at some stage, as the inflation rates are likely to rise more than expected during the next period, pushed the nation's currency to incline against majors.
Moreover, the Reserve … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For June 16, 2011

Posted: 14 Jun 2011 02:48 PM PDT

By ForexMansion.com
 
The Australian dollar continues to fluctuate, where the Australian dollar has soared against the most of its major counterparts after China reported that its industrial sector is still expanding supporting export outlook for Australia.
On the other hand, the Australian currency started Wednesday's session with a decline and returned to the downside movement again versus the major after the Australian consumer confidence dropped by 2.6% in June, following a previous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For June 16, 2011

Posted: 14 Jun 2011 02:47 PM PDT

By ForexMansion.com
The New Zealand currency (Kiwi) rebounded against major currencies, especially versus the dollar, after the New Zealand reported that retail sales has soared by 0.9% in the first quarter of the year, increasing demand for the Kiwi.
Moreover, the New Zealand economy gives some signs of steadiness as retail sales soared during the first quarter, adding that the economic recovery starts its rebounding curve, easing some of the jitters after the new earthquake with the start of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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