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May ISM: The Good and Bad News

posted by trade2win 1454 days ago in Fundamental, Daily, Manufacturing made popular 1454 days ago

Today's ISM report for the month of May was notable for two reasons - one good and one bad. First the bad news. For the fourth month in a row, the report came in below 50, which indicates four straight months of contraction. Looking at prior p

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Yen gains, sterling falls on renewed bank worries

posted by trade2win 1454 days ago in JPY, Fundamental, Daily made popular 1454 days ago

The yen rose broadly on Monday, posting its largest daily gain against the U.S. dollar in nine weeks, while sterling fell after a warning by a British lender on the state of the UK mortgage market rekindled worries about the health of the global

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The Fed, Credit Crisis & Inflation

posted by trade2win 1454 days ago in USD, Fundamental, Inflation made popular 1454 days ago

Paul Krugman discusses some of the differences between the current credit crisis and inflationary environment and the 1970s.

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Consumer Spending: The Reality of Zero

posted by trade2win 1456 days ago in USD, Fundamental, Inflation made popular 1454 days ago

You can slice it, you can dice it. You can even massage it and look on the bright side. But you still can't get blood out of a stone or, it seems, inflation-adjusted increases in consumer spending.

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What Recession? Disposable Income Grows

posted by trade2win 1457 days ago in USD, Fundamental, Inflation made popular 1457 days ago

Buried inside today's BEA report on April Personal Income (tables available here, see Table 10) is the statistic that "Real Disposable Personal Income" grew at an annual rate of 1.82% in April 2008 compared to April 2007, the highest rate of grow

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Housing and Long-Term Competitiveness

posted by trade2win 1458 days ago in Fundamental, Daily, Housing made popular 1458 days ago

Every day brings new data on the real estate market, most of it discouraging to the realists in the crowd. The latest evidence suggests that commercial real estate is following residential into the tank.

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Will the Fed Use a 'Two-by-Four' to Whack Oil?

posted by trade2win 1459 days ago in USD, Fundamental, Daily made popular 1458 days ago

The inflationary reality that we as consumers have been living for months may finally be starting to dawn on the U.S. Federal Reserve.

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German State CPI Figures Support ECB Rhetoric; Euro-Zone Cur

posted by trade2win 1459 days ago in EUR, Fundamental made popular 1459 days ago

The USD managed to muster up some positive momentum as commodities continued to move lower for the second straight session. Dealers noted that the decrease in the Euro-Zone current account data for month could be contributed by slowing growth fac

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Oil Pressure Not Helping an Economy Under Stress

posted by trade2win 1460 days ago in USD, Fundamental, Oil made popular 1458 days ago

Spiking oil prices garnered most of the headlines last week (for good reason), but the other predominant features of this bear market were also in evidence, particularly evidence of ongoing stress in the financial and housing sectors.

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Why the US Markets Will Continue to Struggle

posted by trade2win 1461 days ago in USD, Fundamental made popular 1461 days ago

This past week was a difficult period for market optimists. As we approached the Memorial Weekend, the Dow had fallen by around 500 Points and the jobless figures were the only highlight of an otherwise gloomy week.

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Dollar Steady in Quiet Dealing Versus Majors Monday

posted by trade2win 1461 days ago in USD, Technical, Daily made popular 1461 days ago

The dollar was on pause versus other major currencies Monday morning in New York, with most US traders away from their desks in observance of Memorial Day. There was little economic news from around the world to drive currencies, but the pace sho

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PPI Shows Enormous Squeeze on Profits

posted by trade2win 1462 days ago in Fundamental, Inflation made popular 1461 days ago

There's more than meets the eye when it comes to the PPI. The variance between raw materials and finished goods on the PPI is enormous. Let's start with a look at the April 2008 PPI report.

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