Tag Archives: market news

Trading News – US Jobless Claims Tumble 42,000 last week.

WASHINGTON, Feb 3 (Reuters) – New U.S. claims for unemployment benefits dropped more than expected last week, a government report showed on Thursday, pointing to continued gradual improvement in the labor market. Initial claims for state unemployment benefits tumbled 42,000 to a seasonally adjusted 415,000, the Labor Department said, unwinding most of the previous week’s… 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

Swing Trading Strategies – March Wheat is approaching next reversal date and target objective. [chart]

TMV Swing Trade report – Long March Wheat @ $8.10. March Wheat continues to climb towards the projected target objective of $8.65. The long position was triggered after March Wheat traded lower and found support at the 20-day EMA of the January 2oth reversal date. Two days later, Wheat traded through the ascending median line… 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

Opening Grain Calls / Futures Broker

WHEAT – Up 8 to 10 cents per bushel. Brisk export sales of U.S. wheat, news Algeria is aggressively seeking wheat imports and talk Saudi Arabia is seeking wheat combine to lift wheat futures. CORN – Up 7 to 8 cents per bushel. Spillover support from soaring wheat market and corn continues to find independent… read more

Energy news – Crude inventories rise

Crude inventories increased by 2.6 million barrels, for the week ending January 14, from the previous week to 335.7 million barrels and were above the upper limit of the average range for this time of year. U.S. crude oil refinery inputs averaged 14.3 million barrels per day during this period, 389 thousand barrels per day… read more