Daily Market Wrap: January 26, 2012

Source: feedproxy.google.com

It was a mixed day for the markets with stocks traded mostly flat, but drifting lower later in the day, as the latest jobless numbers suggest an...


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  • Analyst Moves: ABT, ETFC

    Abbott Laboratories (ABT) was upgraded today by Deutsche Bank (DB) from hold to buy with a price target of $70, as the firm believes that the...

  • Good Non-Manufacturing Data, Not Good Enough to Lift

    ISM non-manufacturing number came in higher than expected at 57.3. That’s a 12-month high, up from 56.8 in January, and it maintained...

  • EUR/USD at Support Levels

    EUR/USD has just broken through the bottom it’s recent support line (noted in BLUE on the below image). The start of that...

  • FOREX-Yen rally as US unemployment rises above 10 pct

    NEW YORK, Nov 6 (Reuters) - The yen rise on Friday after a report showed the U.S. unemployment rate spiked to 10.2 percent, fueling worries about the health of the economy and boosting safe-haven demand for the Japanese currency. The government reported U.S. employers cut a deeper-than-expected...

  • GBPUSD stays in a trading range between 1.5535 and 1.5712

    GBPUSD stays in a trading range between 1.5535 and 1.5712. Another rise towards 1.5712 key resistance would more likely be seen later today, a...