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After a wild ride courtesy of the Federal Open Market Committee (FOMC) minutes and Fed chairman Ben Bernanke’s dovish speech, we're ending the week with some proper numbers.Today’s data...
The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 360,000 new claims number was a 16,000 increase from the previous week's 344,000 (an upward revision from...
Federal Reserve Chairman Ben Bernanke said this week that inflation in the United States needs to be higher. Yes, he actually said that. On Wednesday, Bernanke told the press that "both sides of our...
On Thursday, the Dow Jones and S&P jumped to an all time high and the technology heavy Nasdaq index reached the highest level since 2000, in the aftermath of the publishing of the U.S. FED minutes...
The US dollar is firmer across the board, but within a consolidative phase after sharp losses over the past couple of sessions amid greater uncertainty over the timing of the Fed's exit strategy from...
Asian markets were very cautious as investors are waiting on the Chinese officials to release the latest round of growth data slated for next week. This quiet die offset gains from Wall Street’s...
EUR/USD Support: 1.3005, 1.2984 and 1.2957 (main), where correction was possible. Break would have given 1.2932, where correction could also be. 1.2909 follows. Break of the latter could have resulted...
One of the cornerstones of the global economic status quo is globalisation and integration of markets. Here’s the growth in world trade as a percentage of global GDP since the 1970s:There have...
STOCKS: The world economy is weakening: the U.S. payroll tax increase and “sequestration” are pressuring the domestic economy. China is being pressured by Japan, and has...
India’s government plans to meet as many as eight bankers as it weighs selling debt abroad to raise dollars and help steady the rupee, according to two Finance Ministry officials with direct...
New applications for unemployment benefits unexpectedly increased during the first week of July, although the pop is probably noise. July data tends to be distorted by so-called retooling activity in...
Ben Bernanke has lost any last shred of credibility he might have had.The Fed no longer believes in QE. And for good reason. We’ve seen QE 1,2,3,& 4 and yet we’ve not seen any...
The mainstream media continues to report that the housing market in the U.S. economy is hot again, but I don’t share their optimism for a second. The fact of the matter is that the U.S. housing...
China releases 2nd quarter GDP data Sunday night in US time zones and it is going to be ugly based upon all the second quarter econ data we have received throughout these three months. The trend is...
The stock market soared on Thursday after Fed Chairman Ben Bernanke said on Wednesday that monetary policy would remain accomodative for "the foreseeable future." This helped to stem concerns that...