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The Knot, Inc. Shrugs Off a Downgrade, Toasts the 9 Level (Schaeffers Research)
Despite The Knot, Inc. (KNOT: sentiment, chart, options) outpacing the S&P 500 Index (SPX) by more than 62% during the past 40 trading sessions, the wedding market services website fell victim to a downgrade today...( Read More )
Read more...Japanese 10-Year Bonds Fall a 2nd Day as Stock Gains Sap Demand (Bloomberg)
Jan. 6 (Bloomberg) -- Japanese 10-year government bonds fell for a second day, the first back-to-back declines in almost a month, as stock gains reduced demand for debt.
Read more...The stock, soaring on bullish brokerage note, looks for a foothold (Schaeffers Research)
The Western Union Company (WU: sentiment, chart, options) has surged today. At last check, the Colorado-based company was last seen trading up 8%, after Morgan Keegan raised the shares from "market perform" to "outperform." Although the stock's price has been cut nearly in half since mid-August, it has enjoyed a nice recent rally...( Read More )
Read more...British Pound Rises Against Euro; Rate Cuts May Revive Growth (Bloomberg)
Jan. 6 (Bloomberg) -- The pound rose against the euro for a second day, trading close to 91 pence for the first time in almost three weeks, on speculation interest-rate cuts will revive the economy faster than in the common-currency region.
Read more...Short-Term Forex Technical Outlook: EUR/USD (Daily FX via Yahoo! Finance)
The EURUSD plunged 300+pips during the previous trading day as market participants expect the European Central Bank to continue their easing cycle, and the euro will remain on the defensive over the near-term as investors expect the central bank to lower the benchmark interest rate by another 50bp in 2009.
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