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After changing the main trend to up on the daily chart on the breakout through 1.5911, the British Pound appears to be shifting to a corrective mode which may mean the start of a short-term correction to 1.5702 to 1.5618.

FelCor Lodging Trust Incorporated (NYSE:FCH) recently completed the previously announced purchase of the Fairmont Copley Plaza hotel in Boston for $98.5 million. The purchase was funded with cash on hand.

Stock Index futures are relatively quiet overnight and the outlook is for a slightly lower opening, nonetheless, last night’s close has the indices on a seven-week low and in a position to work lower.

The Dow finished sharply higher after moving positive for the year. Slow and steady was the move on Monday as stocks opened higher then slowly built on their gains throughout the day buoyed by the news that U.S. New Home Sales beat estimates and FedEx boosted its forecast

The EUR USD is trading weaker overnight after a slump in Greece bond sales helped escalate worries about European sovereign debt issues.

The Euro finished higher on Wednesday after reversing earlier weakness following a weak assessment of the U.S. economy by the Federal Open Market Committee. Based on the overnight action, it appears that this was short-covering rather than new buying.

U.S. equity markets are trading flat to better several hours before the New York session opening, but this could change because of the release of the U.S. Retail Sales Report. This report which is due out at 7:30 a.m. central is expected to show an increase of 0.2% versus the prior month’s gain of 0.4%.

Oracle's Sun deal off to fast start

Posted by cuteeleslie on March 26th, 2010

Oracle's Sun integration got off to a fast start, as the company on Thursday reported an 18% sales increase from the year-ago quarter."The Sun integration is going even better than we expected," Oracle President Safra Catz said in a prepared statement.

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Stock futures fell Friday after China said for the second time in a month it would force banks to increase their reserve levels.

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