- The top pre-market NASDAQ Stock Market gainers are: USA Technologies, Rediff.com India, Mindspeed Technologies, Sify Technologies, Calamos Asset Management, and Veeco Instruments. The top pre-market NASDAQ Stock Market losers are: Wilshire Bancorp, Lawson Software, ZST Digital Networks, Tellabs, Netflix, and Express Scripts.
- The Cable is knocking on the door of our 4th tier downtrend line after the BoE opted to increase its QE package by 25 billion Pound, less than the 50 expected. The lighter than anticipated injection of liquidity has given a boost of confidence to the markets, and investors are opting to retreat from the Dollar in reaction.
- Most of the Cable's positive technicals were shattered after Britain's Prelim GDP number shocked investors by printing negative at -0.4% vs 0.2%E. Investors sent the GBP/USD tumbling on strong volume since all of the positive fundamentals from the past two weeks have now been brought into question. Furthermore, investors are now speculating that the BoE will inject more liquidity into its QE package to keep Britain's economy afloat.
- The S&P futures are locking and popping from Monday lows despite weaker than expected PPI and housing data today. Investors are more encouraged by the positive data coming from Britain and the EU.
- This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comThe Euro has been choppy overnight trading between 1.4050-1.4100 as it was initially weighed by German unemployment data and then buoyed by an increase in optimism in the region. Euro-Zone econom...
Liberator Medical Holdings, Inc. (LBMH.OB) Launches New Division to Address Diabetes Educational NeedsLiberator Medical Holdings, Inc. announced this morning that it has formed a new division to meet the educational needs of millions in the United States. The new Diabetes Self-Management Program is being led by industry veteran Evelyn P. Schumacher, MS, RD, CDE, who has agreed to serve as Vice-President of the new division, Liberator Health [...]
- The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3125 level and was capped around the US$ 1.3150 level. Trading activity was muted on account of the Easter holiday weekend and liquidity will be reduced on Monday on account of the Easter Monday Bank Holiday.
- In last week's report, I suggested that market pessimism had become extreme and that any improvement in sentiment, as seen