1st Quarter Productivity and Costs May 5, 2011 – Futures Trading, Commodity Trading, Futures trading news, commodity trading news, Futures and commodities brokerage, Economic news, economic Calendar

Nonfarm business productivity was up 1.6% in the first quarter; this was up from last quarters 2.9% increase. 1.6% is better than the analyst’s projection of 1.5% increase.   Growth in productivity came from an increase in output gain of 3.1% in non-farm business sector. Hours worked also increased by 1.4%.  However, unit labor cost came in worse… read more

Jobless Claims Increase by 43,000 jobs for May 5, 2011 – Futures Trading, Commodity Trading, Futures trading Brokerage firm, Unemployment, Trading news, Trading, Swing Trading, Commodity Futures Trading

Based on the revised numbers of 431,000 from the previous report Jobless Claims Increased by 43,000 jobs  reaching the highest level in 8 months: 474,000   Prior Consensus Consensus Range Actual New Claims – Level 429 K 410 K 400 K to 450 K 474 K… read more

ECB Announcement May 5, 2011 – Futures Trading, Europe, Commodity Trading, Trading news, Economic News, Futures Trading Brokerage Firm, Commodity Futures Trading Brokerage Firm

Prior Consensus Actual Change +25 bp 0 bp 0 bp Level 1.25 % 1.25 % 1.25 % European Central Banks left the interest Rate unchanged at 1.25%. The ECB also left its deposit rate and marginal rates at 0.5% and 2.0% correspondingly.… read more

Monster Employment Index May 5, 2011 – Futures Trading, Commodity Trading, Trading, trading news, economic news, futures trading brokerage, commodity trading brokerage firm

Monster Worldwide Inc. says that the labor market is improving and that based on there measurement of online-recruiting volume jumped 12 points in April to 145   Prior Actual Monster Employment Index 136 145  … read more

ISM Non-Manufacturing May 4, 2011 – Futures news, Futures Trading, Economic News, Trading News, Commodity news, Commodity Trading, Futures Brokerage, Commodity Brokerage

  Prior Consensus Consensus Range Actual Composite Index – Level 57.3 57.0 54.5  to 60.0 52.8 The ISM Non Manufacturing composite index showed a 2.4 points decrease to 57.3 in March from February’s 59.7 high.  However, this is still above 50 which is considered a a month on month pace for continued growth.   What is the… read more

ADP Employment Report for May 4, 2011 – Economic News, Economic Report, Futures Trading News, Futures Trading, Commodity Trading, Futures Trading Brokerage firm, Futures Brokers, Commodity Brokerage firm, Commodity brokers

This months ADP report shows a month on month slow down in the the growth of private payroll.   This months number was 179,000 which was down from March’s 207,000.  Traders should keep a close eye on Friday’s employment report to get a better read on the over all job sentiment;  Friday’s report may be disappointing as… read more

MBA Purchases Applications for May 4, 2011 – Economic Report, Futures Trading, Futures Trading News, Commodity Trading, Futures and commodities trading brokerage firm, Trading news, Futures brokerage, Commodity brokerage

The past four weeks of  for MBA purchase applications has been rather inconsistent (up and down); however, in the April 29th week the Mortgage Bankers Association index show a 0.3% gain.   I would not call this stellar by any means and based on the past few weeks showing, this gain may be short lived.… read more

Economic Calendar for Tomorrow May 4, 2011 – Futures Trading, Commodity Trading, Futures Brokerage, Trading news, economic Reports

Traders should be prepared for the following reports for tomorrow May 4, 2011 Bank Reserve Settlement MBA Purchase Applications 7:00 AM ET Challenger Job-Cut Report 7:30 AM ET Eric Rosengren Speaks 8:00 AM ET ADP Employment Report 8:15 AM ET Treasury Refunding Announcement 9:00 AM ET 3-Yr Note Announcement 9:00 AM ET 10-Yr Note Announcement 9:00 AM ET 30-Yr Bond Announcement 9:00… read more

Factory Orders May 3, 2011 – Futures Trading News, Futures Trading, Commodity Trading, Trading news, Futures Brokerage, Futures Trading Brokerage Firm, Economic news

Prior Consensus Consensus Range Actual Factory Orders – M/M change -0.1 % 2.0 % 1.7 % to 2.8 % 3.0 % The report showed that stregnth in March and also included revisions for February.  The was a strong showing in auto sales sector and quarter-to-quarter factory shipments were on the rise to 5.4% in the first quarter. 5.4% is a tough pace… read more