Tag Archives: usd
US Weekly Jobless Claims Fall to 472,000
New claims for jobless benefits for the week ending August 28th fell by 6,000 to 472,000 compared to the previous week. Continue reading
ECB Raises Growth Forecast
The European Central Bank lifted its growth prediction for the eurozone region to between 1.4 and 1.8 percent for this year, and for between 0.5 and 2.3 percent for next year. ECB President Jean-Claude Trichet said the eurozone recovery has been supported by global growth and reflected “temporary domestic factors”. Continue reading
NFP herding us to No Mans Land
Better industrial data out of China and the surprising ISM print in the US has every, already confused trader, becoming ‘more lost’ in whatever convictions they have left. At least we have the NFP crap-shoot still to come, that is bound to surprise. Continue reading
Hello September!
The markets this morning are clearly relieved to be done with the month of August which was a doozy for equities and commodities. On this first day of September, risk appetite has returned to the market as US stock futures are higher on the heels of Asian and European stock market gains. Continue reading
ADP Payroll Report Finds Job Losses on the Increase
The monthly ADP Employer Services survey shows that US employment fell by 10,000 during the month of August, the first monthly job loss since January. This flies in the face of a survey of economists that forecast a gain of 15,000 jobs. Continue reading
Fed Could Buy More Debt
Meeting minutes from the US Federal Reserve’s August meeting released yesterday indicate that the Bank is prepared to buy more US debt if the economy were to worsen “appreciably”. The minutes suggest that the Central Bank favors the purchase of government bonds but would buy additional mortgage debt if necessary to protect the credit market Continue reading
FED and BOJ Losing Investors Focus
Investors continue to test the Fed’s resolve. Is helicopter Ben overly optimistic on his economic outlook? And if so, what is he going to do about it? Continue reading
FED to mimic the BOJ
The FOMC is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly. ‘Significantly’ is so subjective when you own a depreciating asset like a house, mortgaged to the hilt and are still unemployed. Let’s hope whatever Bernanke and Co Continue reading