A short series of data released yesterday painted a relatively stronger picture for the US economy’s growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week.
The value of safe-haven assets has been given a boost by a shift away from higher yielding assets this week, though the dollar has been receiving fewer of these gains than normal.
The dollar has been pressured as the gridlock in Washington increases with the August 2nd deadline for Congress and the President to raise the debt ceiling.
The value of the US dollar (USD) was seen trading lower during a day of risk aversion— which traditionally results in a stronger dollar. The surprise turn of events is tied with the failure of Congress and...
A breakdown in Congress over the debt limit this weekend has resulted in rather sporadic behavior in the forex market so far Monday morning. Though risk aversion appears to be rising, indicated by soaring precious metal values,...
Crude Oil prices rose yesterday, reaching as high as $99.60 per barrel in late trading. Growth differentials between the Atlantic states have risen into view this week while manufacturing output and service data revealed mild weakness in...
Today’s market should be highly volatile and traders will want to be on guard as they traverse today’s investment landscape. The most impactful news of the day will come from both the United States and Europe which...
Recent losses on Wall Street were mostly offset yesterday as investors sought out riskier assets from positive data on the American housing market. Optimistic earnings reports from large companies like IBM have also helped turn several larger...
News of debt contagion spreading across the euro zone has several economists worried that a toppling of consumer confidence may be up next, followed by additional ratings downgrades that lead into an ever deepening spiral of debt...
The US economy will largely be absent from the economic calendar today, with the exception of the ever-important TIC Long-Term Purchases report which measures the level of foreign and domestic investment in the US. A minor housing...
