The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights: The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above six percent. Industrial prod...
Results 1 - 10 of 256 for "RECOVERY"
Forex traders saw the US dollar rise sharply in the early stages of the credit crunch despite disappointing US economic fundamentals. The appreciation...
U.S. homebuilding's at a 50-year low, with little hopes for a near-term recovery.
The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights:The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above 6 percent. Industrial product...
Stock futures are down, awash in worry about the auto manufacturers and another round of lousy economic news. Sure, consumer prices fell, but given that the economy stopped dead in October, pricing power was on the minds of few. Concern about the fate of the automakers – particularly if they end up going into bankruptcy — looms over the credit markets. Markit’s key credit-defa...
This morning we got mixed news on the economy. The good news is that the prices you are paying for goods is not as bad as in prior months when energy was through the roof. The bad news is that housing is as far from recovery as it can be.Consumer prices came in on the nominal number at -1.0% while estimates were -0.7%. CPI on an ex-food and ex-energy basis came in at -0.1% versus +0.1% estimat...
Global auto woes continue. U.S. auto executives pleaded for a $25B aid package at congressional hearings yesterday. "This is about much more than Detroit," testified General Motors (GM) CEO Rick Wagoner. "It's about saving the U.S. economy from a catastrophic collapse." Lawmakers were less than enthused by the pleas, with some saying the automakers had 'failed models' and s...
US SESSION: PAULSON AND BERNANKE TESTIFY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE REGARDING THE TARP
Wed, Nov 19, 6:09 AM ET
The dollar was mostly flat against the majors in intraday trading as Fed Chairman Bernanke and Treasury Secretary Paulson discuss the TARP before the House Financial Services Committee. The EurUsd slipped 10 pips to the low range of 1.26, while the UsdJpy rose 85 pips through the 97 level. The GbpUsd was mostly unchanged from the previous session, despite the economic data announced. Equity mar...
Hi everybody how are you? Hope fine. Range trading could be the name of the game this week: if we don’t take into account Sunday’s opening gap, the rest of the week has conserved the volatility, although majors trade in tight ranges against dollar; that makes supports and resistances break trough more interesting once it happens, as after such a lateralization, the post trend define...
Markets remained edgy yesterday, with SPX futures current trading down 2% from Monday's limp close. Last week's 11% intraday rally seems like a long time ago in a galaxy far, far away. At this point, however, Macro Man is refraining from embracing the downdraft with both arms. There have been too many intraday reversals to make him comfortable; while that may be a precondition for the next leg ...