The Euro and Cattle Futures Follow Through – Signalling Inflation Incoming - December 27, 2012 1:27

Last week’s close in both the EURUSD pair, $1.319, and Cattle Futures, $133.64 per hundredweight, marked breakouts for both markets.  The Euro broke through a quadruple top at $1.317 on the weekly chart pushing past $1.32 last week but couldn’t hold it.  During this, the last week of the year, the EURUSD pair pushed again […]

US Posts Budget Surplus for the First Time Since 2008 - May 11, 2012 23:56

The US government has posted its monthly budget surplus for the first time since September 2008. The US Treasury Department on its report on Thursday disclosed that the tax receipts gained while spending on education, Medicare and defense programs reduced in April. The US government reported the budget surplus figure of $59 billion for the […]

China Reports Surprise Decline its Trade Data - May 11, 2012 23:53

China recently published its report in trade activity which came in less than expectations creating uncertainty in the markets. Investors were now looking at slower global demand in reaction to lower Chinese trade data. Exports by China increased by 4.9 percent in the Month of April which imports showed the gain of only 0.3 percent […]

China Reports Steady Gains in Manufacturing Index - May 2, 2012 23:54

China released its manufacturing data for the month of April which gained consistently for the fifth straight month in April. The Purchasing Managers’ Index (PMI) surged to 53.3 for the month of April as compared to 53.1 in March. The reading of PMI in February stood at 51. The recent manufacturing data depicts that the […]

Bank Failures Will Cost $12 Billion by 2016: Projects FDIC - April 25, 2012 23:55

The Federal Deposit Insurance Corporation released its projected figure on its depots insurance fund according to which bank failures are expected to cost almost $12 billion by the year 2016. FDIC published a detailed report on its deposit insurance fund which is pooled by banks and is used for protection of depositors incase a certain […]

China Reports Decline in Home Prices - April 19, 2012 23:49

China reported decline in its home prices for the month of March which raised concerns over the country’s slowing construction activity. According to the National Bureau of Statistics, 46 cities reported weaker prices as compared to prior month out of 70 surveyed cities. Data remained flat from 16 cities while only 8 of cities reported […]

Consumer Sentiment Index Lower in April - April 13, 2012 23:55

University of Michigan released it consumer sentiment index which ended lower creating worries on US economic recovery. According to the preliminary reading by University of Michigan, the consumer sentiment for the month of April fell to 75.7 as compared to 76.2 in March. Analysts on average were expecting the figure of 76.4 for the respective […]

Jobless Claims Increase to 380,000 - April 12, 2012 23:59

US Jobless claims increased 13,000 to 380,000 for the week ending April 7th as per latest report of the US Labor Department on Thursday. The figure for jobless claims has reached its highest in two and half months due to high claims from education sector as many school workers are unemployed in reaction to spring […]

Durable Goods Orders Gain 2.2 Percent in February - March 29, 2012 23:56

It seems Bernanke is the only one who is still satisfied with US economy after series of positive economic indicators. After consumer confidence data, further to add this week is durable goods orders which increased 2.2 percent in the month of February indicating improvement and strength in US industries. Though the economist were expecting the […]