Tag Archives: economic news

Jobless Claims,Futures Trading, Trading News, Futures Trading News, Commodity Trading News

Initial claims jumped 25,000 in the April 23 week to 429,000  above expectations (prior week revised 1,000 higher to 404,000). The Labor Department said layoffs in the auto sector were isolated and not a major factor. The four-week average rose a steep 9,250 to 408,500 and is nearly 15,000 above the month-ago level.… read more

Durable Goods Orders – Futures Trading, Trading News, Economic News, Economic Calendar

Today’s Durable goods report showed some sizable increase. New Factory orders rose 2.5% in march after 0.7 % increase in the month prior. Prior Consensus Consensus Range Actual New Orders – M/M change -0.9 % 1.9 % 0.5 % to 3.0 % 2.5 % Ex-transportation – M/M -0.6 % 1.3 %  … 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

FOMC Meeting Begins Today April 26, 2011 – Futures Trading News/Economic Calendar/Economic News

The Federal Open Market Committee begins their two day meeting to discuss our Monetary Policy.  They cover a variety of concerns such as inflation and overall economic strength.  They will then disseminate their decisions to the public on April 27, 2011 in regards to whether interest rates should be raised, lowered or left unchanged.   Traders/Investors… read more

China Discusses liquidating $2 Trillion U.S. dollar reserves – Economic News

The Chinese Government has started hinting that they may begin to liquidate their vast amounts of U.S. treasuries.  Such action could be detrimental to the US dollar and in turn it would potentially cause a spike in bond yields and take the legs out from under already fragile housing market.  The Chinese are one of… read more