Gold Recovers Slightly As The Market Awaits Fed Report
Gold recovered a little on Tuesday, but still hovered near the low of over five years. Investors wait nervously for the report of the federal reserve meeting today and tomorrow … Continue reading
US Dollar Could Breakout Later In The Week If Volatility Increases
The US dollar is controlled in a tight range at the moment against the euro and other major currencies. If there is an increase in the volatility over the short … Continue reading
US Economy Grows 2.9% In A Year
Here is the good news: over four quarters through April the US economy has grown at an average annual rate of 2.9% which is more than 1% above forecasts. Since … Continue reading
Wall Street Expected To Open Higher On Tuesday
Stocks in the US are expected to open higher on Tuesday, recovering some of Monday’s drop. US stock futures were trading higher in London with the Dow Jones Industrial Average … Continue reading
Senate Revives Export-Import Bank By Adding Measure To Highways Bill
Senators over-ruled considerable conservative opposition on Monday by adding a measure to revive the Export-Import Bank to the highways bill. However, House Republicans are set against it. The outcomes for … Continue reading
Ex-Im Bank Renewal In Doubt
The status of the Export-Import Bank (Ex-Im Bank for short) is in doubt, despite the Senate voting on Sunday to restore its’ charter. The government-backed bank is in general not … Continue reading
Upbeat Investment Report Suggests Capital Spending Cuts Are Reducing
A measure of capital investment plans in the US in June shows that there is a lessening of planned capital spending cuts. On Monday, the Commerce Department said that non-defense … Continue reading
Dow, Nasdaq, S&P 500 All Down As Shanghai Composite Loses 8.5%
The US stock market reacted badly to the news that the Shanghai Composite fell by 8.5%. Half an hour after trading started on Monday, the Dow Jones Industrial Average had … Continue reading
Commodity Prices Tumbling.
Commodity prices are tumbling across the board, as a result of a combination of factors. Gold, platinum, iron ore, aluminum, copper, and Brent crude are six of the biggest fallers. … Continue reading
US Stocks Drop On Back Of Poor Earnings
The US stock market crowned a four day losing streak with its’ biggest drop of the week on Friday. Although many companies have reported profits that have exceeded Wall Street … Continue reading
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