First (1st) Quarter GDP April 28, 2011 – Economic News, Trading news, Futures Trading, Commodity Trading, Futures Trading News

First Quarter GDP showed to be on 1.8% annualized pace; this comes after a 3.1% 4th quarter last year.  The expectation for the first quarter was a median projection of 2.0%. Obviously, this is was a disappointing number.   Prior Consensus Consensus Range Actual Real GDP – Q/Q change – SAAR 3.1 % 2.0 % 1.5 % to 3.0 % 1.8 % GDP price… read more

Economic Calendar for April 28, 2011 – Futures Trading, Trading News, Futures Trading News, Commodity Trading News

GDP 8:30 AM ET Jobless Claims 8:30 AM ET Elizabeth Duke Speaks 8:30 AM ET Pending Home Sales Index 10:00 AM ET EIA Natural Gas Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 52-Week Bill Announcement 11:00 AM ET Dennis Lockhart Speaks 12:40 PM ET 7-Yr Note Auction 1:00 PM ET Fed Balance Sheet 4:30 PM ET Money… read more

FED Chairman Press Conference Today April 27, 2011 – Futures Trading, Trading, Trading News, Economic News, Economic Calendar

FED Chairman Ben Bernanke will give his first press conference after the conclusion of the FOMC  meeting this afternoon.  Traders Should be prepared for the outcome of the FOMC and to listen to Bernanke’s press conference.… read more

MBA Purchase Applications for April 27, 2011 – Economic Calendar, Futures Trading news, trading news, Economic News

According to the  Mortgage Bankers Association for the week of April 22, 2011 there was a drop in the number of new applications and refinance application.  Overall composite was therefore down. Prior Actual Purchase Index – W/W Change 10.0 % -13.6 % Refinance Index – W/W Change 2.7 % -0.6 % Composite Index – W/W Change 5.3 % -5.6 %  … read more

Market Wrap Up for April 26, 2011 – Futures Trading, Futures Markets,

Time stamp: 2:45pm Stock Indices showed some strength June Mini Dow last @ 12529 June ES last @ 1341.75 June Mini NASDAQ last @ 239200   Gold Steady, Silver has an astounding day/volatile day, Copper weak June Gold  @1504.4 May Silver @ 4524.5 May copper @ 43210   Inside Day in the Dollar Index however slightly higher June Dollar Index @… read more