For the week of May 6, 2011 Mortgage Purchase applications rose for both new purchases and refinancing. Purchases were up 6.7% and refinancing up 9.0%. With the current interest rates sitting at about 4.75% it has become an enticing time for current home owners and new buyers to take on a mortgage or refinance for a better rate.… read more
Tag Archives: economic news
Grain Calls-Futures News, Futures Trading, Futures Broker, Commodity News, Commodity Trading, Commodities Broker
Soybeans 9to 10 cents higher Corn 7 to 8 cents higher Wheat 19 to 20 cents higher Weather problems push gains higher… read more
Redbook-Futures News, Futures Trading, Futures Broker, Commodity News, Commodity Trading, Commodities Broker
Released on 5/10/2011 8:55:00 AM For wk5/7, 2011 Prior Actual Store Sales Y/Y change 5.5 % 4.7 Redbook’s sales rate for the May 7 down from 5.5% to 4.7% but isn’t down by much compared to the very long prior trend of between two and four percent. Redbook says most retailer met or exceeded plan in… read more
QE2 Averting Deflation – Futures Trading News, Futures and Commodity trading, Futures Trading Brokerage firm, Economic News
According to Bloomberg Bernakes $600 billion strike against Deflation is paying off. They claim that because of the stock and debt markets rise it has improved bank lending and as a result economist are forecasting faster Growth. The question is, has this created another problem? Inflation! In order to prevent deflation you must inflate… read more
Grain Calls-Futures News, Futures Trading, Futures Broker, Commodity News, Commodity Trading, Commodities Broker
Wheat called higher 15 to 17 cents higher due to weather and weaker dollar. Corn called higher 8 to 10 cents Soybeans called higher 6 to 8 cents… read more
Opening Grain Calls- Futures News, Futures Trading, Futures Broker, Commodity News, Commodity Trading, Commodities Broker
Soybeans 2 to 3 cents lower Corn 10 to 11 cents lower Wheat 1 to 2 cents higher Grains seeing a little pressure from lower crude prices… read more
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
Grains Called Lower On Opening-Futures News,Futures Trading, Futures Broker, Commodities News, Commodities Trading, Commodities Broker
Wheat 9-10 cents lower Corn 5-7 cents lower Soybeans 11-12 cents lower… 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