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MARKET TRENDS: Jobless Claims at Record Low, U.S. Economic Activity High
Posted on July 23, 2015

Initial jobless claims in the U.S. fell to a record low last week, boosting optimism on the growth of the economy and supporting the Fed short term interest rate hike this year. The number of individuals filing for unemployment benefits claims in the week ending July 18 fell by 26,000 to a seasonally adjusted 255,000. This [...]

MARKET TRENDS: Existing Home Sales at 8 Year High, Home Prices Surge Higher
Posted on July 22, 2015

The U.S. existing home sales touched the highest level in nearly 8.5 years in June, indicating a strengthening housing market. The robust home sales data that came in after a solid housing start and building permit data last week, is attributed to a firm job market, improved consumer income, and lower mortgage rates. A tightening[...]

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. [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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[...]

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 [...]