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Forex Strategy Corner: Bollinger Bands Techniques for Trading

Bollinger Bands have long been one of the most popular technical indicators across financial markets, and many forex traders use them regularly in their day-to-day trading. The key question to ask of any forex analysis technique is nonetheless clear: how effective is the Bollinger Bands indicator as a forex strategy? This article will take a closer look at one key Bollinger Band trading strategy on several forex pairs and explores one way to improve its effectiveness.

New Zealand Dollar Breaks from a Bullish Pattern

Hon Hai Cuts Target for Long-Term Sales

Hon Hai is lowering its long-term target for annual sales growth to 15% from twice that level previously, Chairman Terry Gou said.

Samsung Flags Expansion

South Korea's Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments.

Korea Finance to Issue Dollar Bonds

Policy-funding firm Korea Finance plans to raise $750 million through U.S. dollar-denominated bonds sometime this year.

KT to Sets iPhone Date

South Korea's KT Corp. will start selling Apple's iPhone 4 in the country on Sept. 10.

More Officials of Indebted Shipbuilder Arrested

Police have arrested four additional former senior executives of Vietnam's Vinashin as part of widening investigations into mismanagement.

Citrix Penetrates Indian Market

Indian market is abuzz with the immense potential and scope of information technology (IT). The new cloud computing platform, a offering of IT with huge prospects, is gaining enormous popularity in India as it makes using software and application programs considerably easy and hassle free, given that these programs are available on Internet; thereby, the cost of owning them gets minimal.

In order to ensure full utilization of this emerging cloud computing market, Citrix Systems Inc. … [visit site to read more]

Comcast Expands 4G Networks

Based on the mammoth success of High-Speed 2go 4G offering introduced in May 2010, Comcast Corp. (CMCSA) has now launched 4G high-speed 2go wireless data service in the Boston area.

High-Speed 2go is a mobile Internet solution that provides the fastest available wireless Internet speeds in the nation via wireless data cards and comes in three different data cards and service plans; 1) Comcast High-Speed 2go Metro (4G), 2) Comcast High-Speed 2go Nationwide (3G) and 3) High-Speed 2go … [visit site to read more]

Waddell & Reed Upgraded By S&P

On Wednesday, Waddell & Reed Financial Inc.’s (NYSE:WDR) long-term counterparty credit rating was raised by the rating agency Standard & Poor’s Ratings Services to ‘BBB+’ from ‘BBB’. The outlook for the company remains ‘Stable’.

The upgrade is primarily based on the Waddell & Reed’s improved financial position and strong second quarter results. The company’s financial strength is measured by its short interest coverage, ample liquidity and modest debt … [visit site to read more]

FDIC List Slows, More Banks Go Bust

According to a government report released on Tuesday, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the second quarter grew to 829 from 775 in the previous quarter and 416 in the year-ago quarter. This is the highest since the savings and loan crisis in the early 1990s.
Banks that feature on the problem list are most likely to fail, though some may still scrape through. As of now, only about 13% of banks on the FDIC’s problem list … [visit site to read more]

Omnicare Acquires CCRx

Leading pharmaceutical care provider Omnicare Inc (NYSE:OCR) has reportedly acquired Pennsylvania-based, privately-held institutional pharmacy provider Continuing Care Rx (CCRx) for an undisclosed price. This represents one of the major acquisitions by the omnipresent Kentucky-based company over the past few years.

CCRx (founded in 1996) is a leading provider of pharmacy services to the long-term care market with revenues of roughly $170 million for the 12 months ended June 30, 2010. The … [visit site to read more]

Brown-Forman Misses Expectations

Brown-Forman Corp. (BF.B), a leading global producer and distributor of premium alcoholic beverages, reported fiscal 2011 first-quarter earnings that declined 8.2% to $111.4 million or 76 cents per share, from $121.4 million or 81 cents in the prior-year quarter. The quarterly result also came in behind the Zacks Consensus Estimate of 84 cents per share.
Quarterly Details
Brown-Forman’s net sales during the quarter rose 0.9% to $744.9 million, but missed the Zacks Consensus Estimate of … [visit site to read more]

Initial And Total Jobless Claims Fall

Initial Claims for Unemployment Insurance fell to 472,000, a drop of 6,000 from last week. That is good news, but only in terms of the direction. After several weeks in a row of new claims shooting higher, the upward momentum has been stalled with two straight weeks of declines, but initial claims remain far too high.
The four-week moving average fell by 2,500 to 485,500. That is just below the highest level for the moving average since last November. After falling sharply in the second half … [visit site to read more]

Aegon’s Dutch Payment

As agreed with the European Commission, Aegon NV (AEG) yesterday repaid €563 million — part of the €3 billion it received in support during the credit crisis in 2008 — to the Dutch government. Aegon has now paid back half of the loan money, the first repayment of €1 billion having been made in November 2009.
The total payment of €563 million includes a repayment of €500 million to repurchase 125 million convertible core capital securities at 10.3% premium or €52 million, besides … [visit site to read more]

AT&T Divests Japanese Operations

AT&T Inc. (NYSE:T) completed the divestiture of its domestic Japanese outsourcing services operations for ¥9.2 billion (US$109 million using exchange rate on August 31) to Internet Initiative Japan Inc. (NASDAQ:IIJI), according to plans announced in June 2010. The transaction involved the transfer of 1,600 domestic Japanese business customers and 245 employees.

The sale excludes AT&T’s infrastructure in Japan, inclusive of four global network service nodes, remote access … [visit site to read more]

Valspar Downgraded

We are downgrading Valspar Corporation (VAL) to Neutral from our previous Outperform recommendation. Valspar’s net income of 70 cents in the third quarter of fiscal 2010 missed the Zacks Consensus Estimate by a penny. Higher raw material costs and pricing pressures hurt profits in the Paint segment. The Coatings business has experienced some momentum recently with improving sales of Industrial and packaging products outside the US.

However, we believe that the company would post modest … [visit site to read more]