Tag Archives: Futures news

Trading News – Employment number less than expected.

NEW YORK, Feb 4 (Reuters) –  U.S. employment rose far less than expected in January, partly the result of severe snow storms that slammed large parts of the nation, but the unemployment rate fell to its lowest level since April 2009. KEY POINTS: *   Nonfarm payrolls grew just 36,000, the Labor Department said on… read more

Swing Trading Strategies – Long British Pound nears target objective! [chart]

TMV Swing Trading Report – Long March British pound @ 1.6047 – The market rallied over night and reached a high of 1.6274, just missing the target objective of 1.6280, before pulling back to 1.6190. The pound may try to retest the high and reach the target objective, but it has completed the short-term cycle,… read more

Grain Opening Calls / Futures Broker

WHEAT – Up 10 to 12 cents per bushel. Brisk export sales, no signs of shipment interruptions to Egypt, a weak dollar, a technical rebound from Friday’s late slide and prospects for end-of-month fund buying lift wheat futures. CORN – Up 5 to 6 cents per bushel. Spillover support from a strong rebound in wheat,… read more

Futures news – U.S. Consumer spending rises 0.7 % in December

 WASHINGTON, Jan 31 (Reuters) – U.S. consumer spending rose more than expected in December  to  post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday. The Commerce Department said spending increased 0.7 percent after rising by 0.3 percent in November. Economists polled… read more

Futures News -Economy Grows at 3.2% Pace, Pushed Up by Sales Spike

By Reuters The U.S. economy gathered speed in the fourth quarter, though a touch below expectations, with the biggest gain in consumer spending in more than four years and strong exports offering the clearest signals yet that a sustainable recovery is under way. Even with growth quickening, however, progress reducing unemployment has been painfully slow,… read more

Futures News – December Durable goods orders fall 2.5%

WASHINGTON, Jan 27 (Reuters) – New orders for U.S. manufactured goods fell unexpectedly by 2.5 percent in December, a government report showed on Thursday. When volatile transportation orders were stripped out, durable goods orders rose 0.5 percent, the Commerce Department said, though this was a smaller rise than expected.… read more

Futures News – Dollar remains under pressure after FOMC, Durable good and Housing data up next.

Dollar remains soft against Euro after Fed statement overnight failed to upgrade economic assessment despite strong data. The euro continues to stay firm above around 1.37 level as supported by comments from Trichet on inflation. Nevertheless, the greenback is staying in tight range against other major currencies as some support was provided from the rebound… read more

Futures News – US New Home sales Surge in December!

NEW YORK, Jan 26 (Reuters) – New U.S. single-family home sales in December rose to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery. KEY POINTS: *   The Commerce Department said sales jumped 17.5 percent to a seasonally adjusted 329,000 unit annual rate after a… read more

Grain News and Opening Calls / Futures Broker

WHEAT – Down 10 to 15 cents per bushel Pressure from a firm dollar and profit-taking after rising to a 5-1/2 month high and nearly a 2-1/2 year high on big exports of U.S. wheat. * Dry weather continues to be a problem in the U.S. Plains hard red winter wheat region and no relief… read more