Articles by Unemployment
U.S dollar strengthens as stimulus hopes fade
August 30 2012 10:31 PM EDT
Overnight market activity shows investors have entered a price discovery phase ahead of Friday's Jackson Hole conference, prompting losses across the risk spectrum and a stronger greenback. Markets are assessing each incoming data pulse in the context of the whether the Federal Reserve will launch a third round of quantitative easing, prompting a 'bizzaro world' scenario where good news can lead to losses across risk related assets as market lower the chances further Fed stimulus.
RNC 'Bounce' Lifts Romney To 44%-42% Lead In Poll
August 30 2012 6:10 PM EDT
Mitt Romney has moved into a narrow lead over President Barack Obama in a small bounce for him from the Republican National Convention, a Reuters/Ipsos poll found Thursday.
Ahead of Bernanke's Jackson Hole Speech, Anticipation and Disappointment
August 30 2012 4:39 PM EDT
Market-watchers continued to use words like "anticipation," "expectations," "disappointment" and "excitement" Thursday, less than 24 hours ahead of a speech by Federal Reserve chairman Ben Bernanke that is being hyped up as a make-or-break moment for economic affairs in 2012.
Gold, Silver and Crude Oil Trading Update
August 30 2012 4:05 PM EDT
Gold futures prices finished pit trade lower Thursday, on consolidation action. The Key outside markets were in a Bearish mode for the precious metals, as the USD index was firmer and Crude Oil prices were lower. The overall market is quiet as traders and investors await a speech by US Federal Reserve Chairman Ben Bernanke Friday morning. Dec Gold last traded off 4.50 at 1,658.50 oz.
The Real Cause of High Oil Prices - An Interview with James Hamilton
August 30 2012 12:55 PM EDT
Nowadays the energy picture is confusing at best as the more information we are shown the more blurred our vision seems to become. Mixed messages, poor reporting and a media hungry to sensationalize anything it thinks can grab a headline have led to many wondering what the true energy situation is. We hear numerous reports on how the shale revolution will transform the energy sector, why alternatives are just around the corner, why advances in oilfield extraction techniques and new finds will he...
Daily Summary on USD, EUR, GBP, JPY, AUD and CAD
August 30 2012 12:52 PM EDT
The dollar remains well supported in its ranges against most of its major counterparts after economic data fell short of expectations. Global stocks are headed lower, weighed down by renewed concerns of slowing global growth. Stoking these fears, a measure of personal spending expanded by less than expected, coming in at 0.4% versus the consensus forecast of 0.5%. Despite falling short of the forecast, last month's reading marked the first gain in three months. Meanwhile, personal income was ...
How The Fiscal Cliff May Impact Hiring
August 30 2012 11:18 AM EDT
Following the Congressional Budget Office's (CBO) predictions of the imminent "fiscal cliff" that will send the U.S. economy into a recession after January 1, 2013, analysts are struggling to identity the true extent of the oncoming threat. While the CBO estimates that unemployment will increase to about 9 percent in the fallout from proposed "fiscal tightening" measures, Capital Economics suggested in a U.S. Employment Report published today that the effect on hiring may be more ...
Once, Republicans Supported Collective Bargaining, Mass Transit Funding, And Even Progressive Taxation
August 30 2012 10:59 AM EDT
A comparison of past RNC platforms truly demonstrates how far the party has swung to the right.
July US Consumer Spending Rise Is Biggest In 5 Months
August 30 2012 9:37 AM EDT
U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter.
Diana: The World's Favorite Princess
August 30 2012 9:35 AM EDT
Britain in the early 1980s found itself in dire need of a happy jolt
London Session: Could Italy’s bond auction scupper the chance of ECB action next week?
August 30 2012 9:15 AM EDT
The markets have been trading in a fairly tight range today, as one would expect in the lead up to the Jackson Hole conference this weekend. The markets are looking for signals that more stimuli is coming from central banks and hence it's all about positioning ahead of two major events: 1, Ben Bernanke's speech at Jackson Hole tomorrow at 1000ET/ 1500BST and 2, the ECB meeting on the 6th September.
Euro Holds Major Trend Amid Weakening Outlook, Sterling Outperforms
August 30 2012 9:09 AM EDT
The Euro fell back from an overnight high of 1.2562 as the rise in German unemployment paired with the drop in confidence heightened the threat for a prolonged recession, while Moody's Investor Services said it's watching Spain 'very closely' as the region remains at risk for further credit-rating downgrades. At the same time, Greece is certainly running out of time to nail out the details of its EUR 11.5B austerity packaged as the troika - the European Union, European Central Bank, ...
US Initial Jobless Claims Unchanged At 372,000, Higher Than Expected
August 30 2012 8:44 AM EDT
More Americans than forecast filed applications for new jobless benefits last week, the Labor Dept. said Thursday, suggesting that the labor market is barely healing.
Research Note: To QE or not to QE – that is Bernanke’s question
August 30 2012 7:20 AM EDT
This Friday 31st August at 1000 ET/ 1500 BST/ 1400 GMT the chairman of the Federal Reserve Ben Bernanke will make a speech at the Federal Reserve's annual central bankers' symposium at Jackson Hole Wyoming. This speech has been used by Bernanke in previous years to discuss the potential trajectory for US monetary policy, thus his speech is eagerly awaited by the financial markets.
USD/JPY Still Moving In Small Range
August 30 2012 5:27 AM EDT
On Wednesday Dollar/Yen continued trading within narrow 30 pip range. The currency couple appreciated from 78.47 to 78.79 yesterday, matching the neutral money flow sentiment at around 7%, closing the day at 78.69. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are still moving within wider range. Break above yesterday's top and nearest resistance ...
Global Economic Concerns Weigh Down US Stock Futures
August 30 2012 4:32 AM EDT
The U.S. stock index futures point to a lower open Thursday as investors continue to have concerns about the weakening global economy and worsening economic growth momentum.
Obama AMA: President's 'Ask Me Anything' Thread On Reddit A Great PR Move For His Campaign; 5 Interesting Questions
August 30 2012 3:55 AM EDT
On Wednesday, U.S. President Barack Obama did something that helped him reach and communicate with millions of people directly. The President spent around half-an-hour on the popular link-sharing website Reddit, answering questions from the general public and became the first ever sitting president to participate in a forum, commonly referred to as an AMA or "ask me anything."
Majors Daily Forecast 30 August 2012
August 30 2012 3:18 AM EDT
EUR/USD Sell at 1.2558 SL 1.2590 TP 1.2508 USD/JPY Sell at 78.67 SL 78.99 TP 78.22 GBP/USD Sell at 1.5840 SL 1.5872 TP 1.5785 USD/CHF Buy at 0.9563 SL 0.9531 TP 0.9613 today so far +20, total yesterday +54 pips
EUR/USD Adjusts After Tuesday's Climb
August 30 2012 12:38 AM EDT
On Wednesday Euro/Dollar traded within 55 pip range. The European currency depreciated from 1.2574 to 1.2518 yesterday, not matching the positive money flow sentiment at around 15%, closing the day at 1.2528. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now. On the 1 hour chart the upward channel is on hold, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and yesterday's top at 1.2574 may t...
Poverty Driving Madagascar’s Women Into Prostitution, While Foreign Workers Flourish
August 29 2012 3:20 PM EDT
Prostitution is rising to dangerous levels in Madagascar, and this has become one of the most controversial signifiers of the country's political and economic breakdown over the last three years.