Posts Tagged ‘US economy’
Gold and Oil News - November 7, 2012 22:11
Commodities Taken to Woodshed In Election Bloodbath
Equities have put in one of the worst days they’ve had in months today on the news that Barack Obama survived his recall vote yesterday. Tax rates on dividends and capital gains are likely to rise and the fiscal cliff is approaching rapidly. The truth is that there was little substantive difference between the two [...]
Forex Outlook for the Week Ending June 15th
Major economic factors which could significantly impact the forex markets and currencies trading for the week ending June 15th, 2012 are as under: On Monday, France reported its data on industrial production and manufacturing production in the euro zone. Italy also reported its official figures on gross domestic product. United Kingdom came up with data [...]
US Posts Budget Surplus for the First Time Since 2008
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 [...]
Economic Events Affecting the Forex Markets for the Week
Major economic events which have significant affect on the Forex markets for the week ending April 6th, 2012 are as under: On Monday, April 2nd, purchasing managers’ index for Italy, Germany and France was released in euro zone while the single currency region published its separate report on unemployment rate. Italy also reported its data [...]
Durable Goods Orders Gain 2.2 Percent in February
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 [...]
Crude Oil Futures Gain on Positive Retail Sales Data
Crude oil futures gained on Tuesday in reaction to upbeat tone of Federal Reserve’s officials about the US economy and positive retail sales report. Crude oil futures contract for April delivery advanced 0.04 percent or $0.37 to settle at $106.71 per barrel on the New York Mercantile Exchange. On Monday, investors were very pessimistic on [...]
Economic Events to Affect the Forex Markets
Major economic events that have a significant impact on forex markets for the week ending March 16th, 2012 are as under: On Monday, March 12th, 2012, Germany’s wholesale price index was reported in the euro zone while Italy reported its data on gross domestic product. In United States, monthly budget statement was published. United Kingdom [...]
Gold Futures Fall on Disappointing Economic Data
Gold futures declined on Monday in reaction to negative economic data from euro zone, United States and the China. ISM’s manufacturing index gained to 57.3 percent for February as compared to 56.8 percent in prior month. Factory orders declined 1 percent for January according to the US Commerce Department. China also lowered its economic growth [...]