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NFPs Offer a Last Gasp of Volatility Before Liquidity Drains

Oil Tumbles as Speculative Interest Drops, Gold Curbed by Quiet Confidence

Neither oil nor gold would benefit from the carry through of risk appetite trends through the week’s close. With speculative interests fully drained for the extended holiday weekend, will traders rouse enough momentum to carry critical breakouts next week?

FX Technical Weekly 09-03

The trend towards risk is back. Take advantage through the AUDUSD and EURJPY.

Currency Crosses: Technical Outlook 09-03

Look to buy pullbacks in the Yen crosses next week.

A Sudden Gasp of NFP Volatility before Liquidity Drains

Stopped out of EURUSD short

British Pound Testing Channel Resistance

Jamie's Pick: 09/03

Crude Working Towards 7700

Swiss Franc 10250 is Level to Watch

Mixed Signals At Accenture

Technology, outsourcing and consulting major Accenture Inc. (NYSE:ACN), recently secured a contract extension worth $160.0 million for 7 years from Educational Testing Service (ETS), which is an organization involved in education assessment and psychometric research. This contract extension empowers Accenture to manage the supply chain process of the company.
As per the terms of the agreement, Accenture will continue to manage all aspects of the supply chain, including printing, publishing, … [visit site to read more]

What Wall Street Secrets Will FCIC Reveal?

Information is everything.
There is no doubt that the development of the internet and a wide array of websites has led to a significant increase in the amount and quality of information accessed and processed by many. That said, there is also no doubt that there is also an equally aggressive, if not public, effort to protect information, privileged or otherwise. Industry and company specific trade secrets can often be the key to developing and maintaining a hard … [visit site to read more]

ALU Acquires OpenPlug

OpenPlug, a software developer specializing in tools for mobile applications, has been acquired by Alcatel-Lucent (NYSE:ALU). The acquisition strengthens Alcatel-Lucent’s portfolio of software development tools, increases the usage of OpenPlug’s mobile applications on different operating systems and boosts its availability in additional service provider stores. The companies did not disclose the term of the transaction.

With this acquisition, Alcatel-Lucent will build a podium for … [visit site to read more]

BMC Software Wins Telecom Deal

Leading large enterprise software company BMC Software Inc. (NYSE:BMC) recently announced that the Swiss utility provider Wasserwerke Zug (“WWZ”) will deploy its Remedy Service Desk solutions.
Wasserwerke Zug will integrate BMC Software’s solution into its telecom business to provide improved customer support to its growing customer base in central Switzerland.
Strong customer service is a prerequisite in the intensely competitive Swiss telecom market. Wasserwerke’s customer service has been … [visit site to read more]

BP Offloads Malaysian Stakes

BP plc (NYSE:BP) is well on track to complete its $30 billion assets sale by end-2011 in order to meet the Gulf of Mexico (GoM) spill costs. Yesterday, the company said that it will sell the Malaysian petrochemical assets for $363 million. The assets include 15% stake in Ethylene Malaysia and 60% interest in Polyethylene Malaysia.

The distressed European oil major is presently seeking cash. It has already sold oil and gas fields in North America and Egypt to Apache Corp. (NYSE:APA) for $7 … [visit site to read more]

Construction Spending Falls In July

Total Construction Spending fell in July to a seasonally adjusted annual rate of $805.2 billion, down 1.0% from June, and down 11.7% from a year ago. The decline was greater than the 0.7% decline that was expected. In addition, June was revised down to be 0.8% below May rather than the 0.1% increase originally reported.
The downward revision to June’s figures means that when we get the final look at the second quarter GDP numbers, it will show even less growth than the 1.6% currently … [visit site to read more]

Stock Market News Briefs: Citigroup, Deutsche Bank AG, Hewlett-Packard Company, Moody’s, Open Joint Stock Company Vimpel-Communications”", Piper Jaffray Companies, PPL, Red Hat, Rio Tinto Plc, Texas Instruments Incorporated, Allscripts Healthcare Solution

Canadian Solar (NASDAQ:CSIQ) reported worse-than-expected second-quarter earnings of 7 cents a share, below estimates of 15 cents, on better-than-estimated revenues of $328.7 million, versus estimates of $306 million
VimpelCom (NYSE:VIP) posted worse-than-anticipated second quarter results of 28 cents, below estimates of 40 cents, on inline revenues of $2.64 billion
JMP upgraded Hewlett-Packard (NYSE:HPQ) to “outperform” from “market perform”
Deutsche Bank (NYSE:DB) reinstated … [visit site to read more]

Dominion Issues $250M Debt

Energy utility Dominion Resources Inc. (NYSE:D) announced that it will sell $250 million in debentures. The debentures will mature on Sep 1, 2015, and will have an interest rate of 2.25%.
Dominion Resources offered the debentures at 99.854% of face value and will yield 2.281% when held till maturity. The company intends to use the net proceeds from the issue for general corporate purposes. Dominion will also utilize the proceed to fund its projected fourth-quarter capital requirement, and redeem … [visit site to read more]

Unilife TB Syringe Gets FDA OK

Medical devices company Unilife Corporation (UNIS) recently obtained 510 (k) clearance from the U.S. Food & Drug Administration (FDA) for its Unitract Tuberculin (TB) Syringe, a variant of the Unitract 1mL Insulin Syringe for which the company received FDA clearance earlier in 2010.

While insulin syringes are mainly used by diabetic patients, TB syringes, on the other hand, are used to deliver a wide range of therapeutic drugs as well as vaccines within acute-care hospitals … [visit site to read more]

Manulife’s C$10B Offering

Manulife Financial Corporation (NYSE:MFC) has filed for a securities offering of $9.4 billion (C$10 billion) with the Canadian and U.S. regulators. In the latest instance, securities worth $3.8 billion (C$4 billion) were filed with the U.S. regulators.
Previous Debt Offering
Recently, Manulife Financial completed its offering of $871 million (C$900 million) in medium-term notes. The notes will bear an interest of 4.079% maturing on Aug 20, 2015. The notes were issued under its medium-term note … [visit site to read more]