Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) announced on July 1, 2008, that the company expects earnings of 9 to 11 cents per share for the second quarter ended June 30, 2008. This would occur if the company can generate revenue of
Orders for new goods at U.S. factories climbed 0.6 percent in May. This marks the third consecutive monthly gain, but the increase may have more to do with surging oil prices than a resilient economy. With non-defense capital goods orders
In U.S. news, the dollar also suffered after ADP reported June private payrolls fell 79,000, much worse than expected. This print has resulted in some revisions to tomorrow's June non-farm payroll forecast that had many economists forecasting a loss of
The US dollar is lower vs. the major currencies after a report showed the US private sector shed more jobs than expected in June. The private sector cut 79,000 jobs in June according to a private report by ADP Employer
The USD drifted lower during the New York morning, hitting fresh 10-week lows against the Euro as the pair trended above the 1.5850 level. The GBP recovered from earlier losses following UK Construction PMI data that confirmed further housing sector
The dollar fell sharply following this morning's ADP private sector payrolls report, dropping to a fresh 10-week low versus the euro at 1.5885 and beneath the 106-level versus the yen. The June ADP private-sector payrolls declined by more than expected,
The dollar, which had remained relatively firm for several weeks despite mounting pressure from rising oil and gas prices, has... Jul 02 2008 09:18AM BST
ZAMBIA has become Africa's favoured investment hot spot, having experienced a large appreciation of the kwacha against the dollar as well as a boom in copper production, says Razia Khan, head of Africa research at Standard Chartered.
The USD/CHF was range bound most of the overnight session, as new buyers refused to buy strength. Upside momentum has definitely stalled despite oversold conditions and a closing price reversal bottom. If upside momentum picks up, then look for this
GBP/USD failed to hold a key uptrending support angle overnight at 1.9928 indicating weakness. The charts indicates that downside momentum may trigger a further decline to 1.9880, then 1.9708. Watch for a retracement of the first leg down from the
The AUD/USD rallied through a retracement zone at .9589 and .9607 in strong overnight trading. This trading action makes .9511 a new Main Bottom. Sustaining intra-day closes over .9607 will indicate strong buying. A break back under .9589 will indicate
The NZD/USD traded in a tight range overnight. A trade through .7555 will make .7664 a new main top. This action may put more downside pressure on this pair for a test of .7531. A break through this level will
Manufacturers continue to struggle with record energy prices, high lending costs and a cooling in the domestic economy; but the sector may still be a positive contributor to growth through the second quarter. Following Tuesday's release of the ISM manufacturing
The US dollar was higher against the majors in London trading, remaining within the range for the week as traders await tomorrow's ECB rate decisions and US nonfarm payrolls report to bring resolution. Eurozone May PPI came in above expected
At its meeting in June, the ECB caught everybody by surprise when Mr Trichet said, "... we could decide to move our rates (by) a small amount at our next meeting (in July)". Having sounded this warning, it is hard
The financial players generally find it difficult to concentrate on more than one thing at a time. The schism between slowing growth on the one hand and rising inflation on the other was a lot to cope with, and market
USD/JPY recovers strongly to as high as 106.77 earlier today but upside was limited by 4 hours 55 EMA (now at 116.73) and retreats. Nevertheless, break of 106.47 minor resistance argues that stronger rebound and lengthier consolidation might be underway.
USD/CHF continues to engage in choppy sideway trading above 1.0129 low today. Further consolidation cannot be ruled out but upside of recovery should be limited by 38.2% retracement of 1.0539 to 1.0129 at 1.0286. As discussed before, break of short
After some brief recovery, dollar is back under pressure against Euro in early US session after worse than expected employment reports. ADP employment reported showed -79k contraction in the private job markets, much worse than expectation of -20k. Challenger report
Cable continues to consolidation today and intraday outlook remains neutral for the moment. More sideway trading could be seen with risk another another pullback. Nevertheless, downside should be contained well above 1.9586 support and bring another rally. Above 2.0006 will
