Applications for home mortgages dropped below forecast in January ending six straight rises, reported the Australian Bureau of Statistics. The Bureau released data today that showed the number of home mortgages in December fell to a seasonally adjusted 1.2 % to 47,768. Applications were expected to have increased by at least 2% this month, based […]
Economic Data Slightly Under Forecast But Shows A Recovery Read More »
Gold turned lower in yesterday’s session after stocks reversed gains and the US dollar rallied to the highest in more than a month, but some traders opted to remain on the sidelines before a US Fed Reserve (FOMC) meeting tomorrow, that might weigh on the shiny metal. Gold has risen more than 9% this year,
Gold Starts The Week Off Lower Read More »
Last week, the Irish Prime Minister announced that Ireland would be holding a vote on the European Union’s Financial Pact before the year’s end. The news came as a surprise in both Dublin and Brussels. The news was issued by the Irish Prime Minister, Edna Kenny, without warning. Enda Kenny’s party had been objecting saying
Ireland Takes The EU To A Vote Read More »
China swung to a huge trade deficiency this past month, partially accounted for due to seasonal adjustments due the western holiday season reorders and the Chinese Lunar New Year, but additionally to weakened requirement for the country’s exports. The poor export performance comes on top of a growing mountain of negative economic data released this
China Shocks Markets With Huge Trade Deficit Read More »
The Organization of the Petroleum Exporting Nations ‘ is forecasting a flat market for oil due to slow growth in emerging nations. OPEC s’ latest monthly outlook projects world oil demand to increase by 900,000 barrels a day unvaried from its prior report. In its prediction issued today , OPEC determined “the low rate of
OPEC’s Oil Consumption And Demand Forecast Read More »
The most recent inflation report carried confused signals: a reasonable rate of inflation for the moment, but ill-omened evidence of pressure from oil costs. The U.S. Bureau of Labor Statistics claimed that inflation for the month of Jan was 0.2 %. There are bad and good sides to this: 0.2 % is a reasonably moderate
Is Inflation Sneaking In The Back Door? Read More »
Today, the US Commerce Office is expected to report the import-export trade balance in services and goods was $48.4 bn. in the first month of the year, only a little modified from December. The $580 bn. annual trade deficit is the most serious barrier to creation of jobs and lowering unemployment, the import of personal
Where Have All The Workers Gone Read More »
Gold rose just about 1% on Thursday, following the Euro and US shares for a second day of gains, as positive market sentiment grew due to an anticipated conclusion of a Greece’s bond deal boosted financial markets generally. Gold traded up as Greece moved nearer to wrapping up its bond swap with PSI bond holders
Gold Could Get Its Glimmer Back Read More »
Today the ECB kept its key lending rate at 1.00% as expected. The committee noted that , “it has spent the past two years wrestling with the proven fact that although inflation appeared stuck well above the two percent target, the base weakness in the economy meant there were reasons to fret that inflation would
Around The World Look At Central Bank Decisions This Week Read More »
For the second month in a row, Japan has reported a trade deficit. Last month, Japan reported its largest trade imbalance. This trade deficit continued and Japan has reported for the month of January the deficit was 437.3bn yen ($5.4bn; £3.4bn), the ministry of finance reported The current account report gives the markets the broadest
Japan Reports Record Trade Deficit Read More »
