• Daily Summary on USD, EUR, GBP, JPY, AUD and CAD

    The dollar is mixed this morning, gaining against most of its G7 counterparts while falling versus its higher yielding peers. The dollar and growth-oriented currencies are performing well as investors pare their bets of a global economic slowdown. The better-than-expected pace of growth in the US is also prompting the market to pull back some of its expectations of imminent Fed action. This morning, private payrolls provider ADP released its monthly gauge of private sector jobs growth with the n...
  • Strong August Job Creation Boosts Analyst, Investor Confidence In US Economy

    Surprisingly strong U.S. job creation last month is forcing some, though not all, analysts to adopt a more upbeat outlook for growth prospects in the world's largest economy.
  • US Private Sector Added 201,000 Jobs In Aug, Planned Layoffs Decline - Reports

    Employment in the U.S. private sector increased by 201,000 jobs – a greater addition than originally forecast for the month of August, according to an ADP study released Thursday. Employment in the U.S. private sector increased by 201,000 jobs – a greater addition than originally forecast for the month of August, according to an ADP study released Thursday.
  • The Nemenoff Report Bonds Lower, S&P's higher, Silver Higher

    Dec. Bonds are currently 27 lower at 150'00. As expected the ECB has left rates unchanged. This morning ECB President Mario Draghi announced that the ECB will be purchasing Bonds with up to a 3 year maturity in an effort to keep rates from troubled economies such as Greece and Spain from getting out of hand. Basically he will do whatever it takes to preserve the Euro while recognizing the systemic problems and the continued possibility of recession and deflation. The ADP Private Sector Jobs R...
  • Draghi: ECB Agrees Unlimited New Bond Program - OMT

    European Central Bank President Mario Draghi said Thursday the “euro is irreversible” and announced a new bond-buying plan “Outright Monetary Transactions,” or OMTs, aimed at lowering the struggling euro zone countries’ borrowing costs which would serve as a “fully effective backstop.”
  • US Initial Jobless Claims Fall To 365,000 - Lowest In A Month

    The number of Americans filing new claims for jobless benefits fell last week to its lowest level in a month, an upbeat signal for a labor market that has struggled to create enough jobs.
  • US Private Sector Added 201,000 Jobs In August - Biggest Gain In 5 Months: ADP

    Private employers added 201,000 jobs in August, easily beating economists' expectations, a report by a payrolls processor showed on Thursday.
  • Job Scenario For Palestinian Youths Very Grim: UN Report

    Despite modest growth in the economy in the Palestinian territories, unemployment remains the highest in the region, and despair and frustration are growing among a very young population.
  • Yemen Receives $6.4 Billion In Foreign Aid, Amid Food, Water Shortages And Social Unrest

    Yemen will receive $6.4 billion in foreign aid as it struggles to rebuild its economy following shaky political transition in the face of food and water shortages and ongoing internal conflicts with Al Qaeda militants in the south and Shiite insurgents in the north.
  • August US Jobs Report Looks Bleak, May Trigger QE3

    The stakes are high. Friday's August jobs report will be the last major data point for the Federal Reserve to consider ahead of the Sept. 12-13 FOMC meeting.
  • ECB Stimulus Hopes Lift US Stock Futures

    The U.S. stock index futures point to a higher open Thursday as investor sentiment was underpinned by the expectation that the European Central Bank would announce stimulus measures to ease the euro zone debt burden.
  • Gold Standard To Be Reinstated Through The Back Door

    For the first time in over 30 years, talk of a return to the gold standard has become part of mainstream politics in the United States. Part of the official Republican policy adopted it at the recent Republican Convention and called for the commission to look at reestablishing the link between gold and the U.S. dollar. No doubt that plank was added to soothe supporters of Texas Congressman Ron Paul.
  • Which 2012 Campaign Issues Really Matter To Wall Street Investors?

    While the presidential candidates' plans to tackle unemployment, the national debt, health care reform, immigration, gay marriage and gun control might be the topics that have Main Street voters buzzing ahead of this year's election, a new report by the global equity research team at Standard & Poor's shows Wall Street investors have very different policy debates in mind.
  • Gold Headed to $2000 in 2012

    Investors are increasing gold holdings at the fastest pace in six months, signaling prices may rebound to near a record, according to Adrian Day Asset Management. The of outstanding gold contracts in New York jumped 8.6 % in August, the biggest gain since February.
  • US Promises $1B In Debt Relief For Egypt, Even More For Military Aid

    The United States is getting ready to finalize a deal for $1 billion in debt relief for Egypt, a move that could set a new tone for Egypt-U.S. relations.
  • Brent holds near $114 on caution ahead of ECB meeting

    Brent crude hovered in a tight range near $114 a barrel on Wednesday on caution ahead of a keenly awaited European Central Bank meeting, while global growth concerns deterred buyers. A slew of disappointing U.S. data drove down Brent by more than 1 percent in the previous session, while prices were further pressured as investors began to scale down expectations of radical action from ECB Chairman Mario Draghi to rein in the debt crisis in Europe at Thursday's meeting.
  • Asian Shares And Euro Fall As Investors Brace For ECB, US Payrolls

    Asian shares and the euro eased Wednesday, with investors waiting for a European Central Bank meeting on Thursday and U.S. payrolls on Friday for signs of more action to counter European debt woes and support growth.
  • The QE Debate

    There is an ongoing three way debate between those who believe the Fed should do more to strengthen the recovery, those who believe that the recovery is strong enough to continue on its own, and those who believe that the economy has been so fundamentally altered by the recession that no amount of stimulus can succeed in pushing unemployment down to pre-crash levels. As usual, they all have it wrong (although some are more wrong than others).
  • Is Santander's Mexican IPO The Death Of 'Goose' That Lays Golden Eggs?

    Banco Santander's announcement that it would be spinning off nearly one quarter of its Mexican unit in an initial public offering later this month was greeted by the markets as a seemingly win-win-win proposition. But the move by the large Spanish bank only highlights the increased dependence Iberian banks have had on their overseas branches over the past few years and how, in an effort to now package off those units and sell them, they could be killing the hen that's been laying the golde...
  • Weekly Summary on USD, EUR, GBP, JPY, AUD, CAD, MXN and RMB

    The dollar has pared early losses, but remains towards the bottom of its recent ranges against most of its counterparts. While sideways trading has prevailed over the past several weeks, investors will get a broad assessment of the global economy in the coming days with US labor market data and an ECB decision highlighting. Fed Chairman Bernanke may have stopped short of unveiling a third round of quantitative easing during his much?anticipated Jackson Hole speech, but this week's nonfarm pa...