FreshPips.com / User / wardlie / Submitted

Unemployment rises, surprising economists

posted by wardlie 540 days ago in USD, Fundamental, Employment

In a jolting surprise to the nation's economic recovery and market expectations, the U.S. economy added just 39,000 jobs in November, and the unemployment rate rose to 9.8 percent, according to the Labor Department.

Discuss

S&P 500, Gold, Oil, Banks -- What a Conundrum!

posted by wardlie 542 days ago in Fundamental, Gold, Oil made popular 542 days ago

Sellers were in control most of the trading session on Tuesday, however an overnight buying surge pushed the S&P 500 back up to overhead resistance as the directional battle raged on between the bulls and the bears.

Discuss

The Potential Fallout of the Next Quantitative Easing Round

posted by wardlie 546 days ago in USD, Fundamental

Everywhere that you look, you hear the financial talking heads and news reporters discussing the imminent to start Quantitative Easing II program, somewhat affectionately referred to as QE2.

Discuss

Thanksgiving sales bring shoppers, grumbles

posted by wardlie 548 days ago in USD, Retail Sales, Consumer made popular 548 days ago

Not all Americans tucked into turkey with their families on Thanksgiving. Some were out shopping, hitting sales ahead of the crowds expected Friday.

Discuss

Oil prices rise as new data boost hope for economy

posted by wardlie 549 days ago in Fundamental, Oil made popular 549 days ago

Oil prices rose more than 2 percent, as did futures for heating oil and gasoline.

Discuss

Financial stimulus will boost world economy, says Bernanke

posted by wardlie 552 days ago in USD, Fundamental made popular 552 days ago

FED chief Ben Bernanke defended his monetary stimulus to fellow central bankers, saying it would aid the world economy, and also made some of his strongest criticism yet of China's weak-currency policy.

Discuss

Big Deficit of New Single-Family Homes Will Need

posted by wardlie 556 days ago in USD, Fundamental, Housing made popular 556 days ago

Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improv

Discuss

QE2 is Akin to Printing Money and Public Debt Monetization!

posted by wardlie 558 days ago in USD, Fundamental

So, when there is an increase in the sum of Federal Reserve credit and commercial banking system credit, credit is created out of thin air, which is akin to "printing money."

Discuss

Why Commodities are Rallying as Currencies Decline

posted by wardlie 563 days ago in USD, Agriculture, Metals made popular 563 days ago

Cotton…silver…palladium…nickel…corn. What do these things have in common? Answer: They are not a dollar bill. And neither are they a euro (EUR) or a renminbi (CNY) or a rupee (INR)…or any of the other currencies that central bankers around the wo

Discuss

CAD closed at 99.27 cents US, down 0.36 of a cent Tuesday

posted by wardlie 564 days ago in USD, CAD made popular 564 days ago

The Canadian dollar closed down 0.36 of a cent US at 99.27 cents on Tuesday. The U.S. dollar stood at C$1.0074 up 0.37 of a cent.

Discuss

Euro falls as debt woes resurface in region; at 1-month lows

posted by wardlie 565 days ago in EUR, GBP, CAD

The Euro fell across the board on Monday as looming debt problems in the region weighed on the currency, and with investors' confidence in the US dollar increasing after a strong jobs data last week. The single currency fell to a 1-month low vers

Discuss

New Zealand Dollar eases on greenback movements

posted by wardlie 583 days ago in USD, NZD, Fundamental made popular 583 days ago

Today the New Zealand dollar flew lower after climbing yesterday afternoon and overnight with activities in the US dollar continuing to be the main driver of direction.

Discuss