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MARKET TRENDS: Gold Prices Plummet to 5-Year Lows, Dollar Surges High
Posted on July 21, 2015
The price of gold dropped to a five-year low on Monday. Investors went bearish on precious metals in anticipation of the Fed short term interest rate hike that would push the U.S. dollar higher, and China declaring lower-than-expected gold reserves. Investors are selling off gold, which is considered the safest investment in times of crisis. [...]
Posted on July 21, 2015
The price of gold dropped to a five-year low on Monday. Investors went bearish on precious metals in anticipation of the Fed short term interest rate hike that would push the U.S. dollar higher, and China declaring lower-than-expected gold reserves. Investors are selling off gold, which is considered the safest investment in times of crisis. [...]
MARKET TRENDS: Summary for the Week Beginning July 20, 2015
Posted on July 20, 2015
The week ahead will focus on housing data releases. The reports will include existing home sales on Wednesday, which are expected to have increased; however, new home sales on Friday are expected to have slowed. The housing market has shown strength recently, with demand having stabilized and housing price gains moderated. Housing should remain an [...]
Posted on July 20, 2015
The week ahead will focus on housing data releases. The reports will include existing home sales on Wednesday, which are expected to have increased; however, new home sales on Friday are expected to have slowed. The housing market has shown strength recently, with demand having stabilized and housing price gains moderated. Housing should remain an [...]
MARKET TRENDS: Manufacturing Tumbles, Labor and Housing Steady
Posted on July 17, 2015
The Philly Fed Index of manufacturing activity fell sharply in the month of July, indicating a slowdown of factory activities in the mid-Atlantic. The U.S. manufacturing sector had little contribution to the expanding economy, as the sector was hit hard by the stronger dollar and lower oil prices. The Philly Fed Diffusion Index of current [...]
Posted on July 17, 2015
The Philly Fed Index of manufacturing activity fell sharply in the month of July, indicating a slowdown of factory activities in the mid-Atlantic. The U.S. manufacturing sector had little contribution to the expanding economy, as the sector was hit hard by the stronger dollar and lower oil prices. The Philly Fed Diffusion Index of current [...]
MARKET TRENDS: Prices and Production Tops Estimates, Index Surges Higher
Posted on July 16, 2015
Producer prices in the U.S. grew for the second straight month in June. The rise in prices was higher than anticipated, with a rising cost of gasoline and a range of other goods. This indicates a diminishing oil-driven downtrend in prices. Signs of firming inflation support views that the Federal Reserve will raise interest rates [...]
Posted on July 16, 2015
Producer prices in the U.S. grew for the second straight month in June. The rise in prices was higher than anticipated, with a rising cost of gasoline and a range of other goods. This indicates a diminishing oil-driven downtrend in prices. Signs of firming inflation support views that the Federal Reserve will raise interest rates [...]
MARKET TRENDS: Retail Sales Disappoint; Import and Export Prices Down
Posted on July 15, 2015
U.S. retail sales fell unexpectedly in June as consumers cut back their spending on automobiles, food, furniture, and clothes. This was previously an area that had bolstered growth. Retail sales declined 0.3% month-over-month (MoM) in June, the Commerce Department said on Tuesday. It seems that consumers are still cautious, despite a consistent improvement in the [...]
Posted on July 15, 2015
U.S. retail sales fell unexpectedly in June as consumers cut back their spending on automobiles, food, furniture, and clothes. This was previously an area that had bolstered growth. Retail sales declined 0.3% month-over-month (MoM) in June, the Commerce Department said on Tuesday. It seems that consumers are still cautious, despite a consistent improvement in the [...]
MARKET TRENDS: Greece's Long Fought Battle to End, Dollar Surges High
Posted on July 14, 2015
Greece’s long fought battle with its creditors will soon end with a deal being finalized with the rest of the eurozone countries, subject to an approval by the Athens parliament. The deal, after the approval from the government by Wednesday, would lead to a third bailout for the nearly bankrupt country, and prevent the Greece’s [...]
Posted on July 14, 2015
Greece’s long fought battle with its creditors will soon end with a deal being finalized with the rest of the eurozone countries, subject to an approval by the Athens parliament. The deal, after the approval from the government by Wednesday, would lead to a third bailout for the nearly bankrupt country, and prevent the Greece’s [...]
MARKET TRENDS: Summary for the Week Beginning July 13, 2015
Posted on July 13, 2015
The week ahead will have a number of economic indicators, including a retail sales report for June on Tuesday, which is being driven by higher auto sales. The Producer Price Index is scheduled to be released Wednesday. On the same day, the Federal Reserve releases data for June's industrial output, which is expected to have[...]
Posted on July 13, 2015
The week ahead will have a number of economic indicators, including a retail sales report for June on Tuesday, which is being driven by higher auto sales. The Producer Price Index is scheduled to be released Wednesday. On the same day, the Federal Reserve releases data for June's industrial output, which is expected to have[...]
MARKET TRENDS: Labor Market Recovery Slows; IMF Trims Growth Estimates
Posted on July 10, 2015
Last week, applications for U.S. unemployment insurance benefits touched its highest level since February. This indicates a slight slowdown in the recovery of the labor market. The rise in new claims was in sharp contrast to market expectations of a decline. Initial jobless claims rose 15,000 to a seasonally adjusted 297,000 for the week ending [...]
Posted on July 10, 2015
Last week, applications for U.S. unemployment insurance benefits touched its highest level since February. This indicates a slight slowdown in the recovery of the labor market. The rise in new claims was in sharp contrast to market expectations of a decline. Initial jobless claims rose 15,000 to a seasonally adjusted 297,000 for the week ending [...]
MARKET TRENDS: Home Purchase Demand Catches Up After Fall in Mortgage Rates
Posted on July 9, 2015
Mortgage activities are picking up, as mortgage applications rose sharply in the last week, mitigating losses in the week ended June 26, 2015. Mortgage applications for the U.S. homes climbed for the week ended July 3, 2015 with a fall in interest rates. Fixed 30-year mortgage rates with conforming loan balances ($417,000 or less) averaged [...]
Posted on July 9, 2015
Mortgage activities are picking up, as mortgage applications rose sharply in the last week, mitigating losses in the week ended June 26, 2015. Mortgage applications for the U.S. homes climbed for the week ended July 3, 2015 with a fall in interest rates. Fixed 30-year mortgage rates with conforming loan balances ($417,000 or less) averaged [...]
MARKET TRENDS: Job Openings at Record High; Trade Deficit Widens
Posted on July 8, 2015
U.S. job openings nearly reached a 15-year high in May. Job opening rates have improved considerably faster on a yearly basis than the unemployment rate or number of total hirings. Job openings in the U.S. nonfarm sector grew 0.5% to about 5.36 mn in May, the U.S. Bureau of Labor Statistics said on Tuesday. The [...]
Posted on July 8, 2015
U.S. job openings nearly reached a 15-year high in May. Job opening rates have improved considerably faster on a yearly basis than the unemployment rate or number of total hirings. Job openings in the U.S. nonfarm sector grew 0.5% to about 5.36 mn in May, the U.S. Bureau of Labor Statistics said on Tuesday. The [...]
