forexsq.com - Information received since the Federal Open Market Committee met in March suggests that the economy has been expanding moderately. Labor market conditions have improved in recent months; the unemployment rate has declined but remains elevated. Household spending and business fixed investment have continued to advance. Despite some signs of improvement, the housing sector remains dep
forexsq.com - The charts show actual values and projections for three economic variables, based on FOMC participants’ individual assessments of appropriate monetary policy: Change in Real Gross Domestic Product (GDP)—as measured from the fourth quarter of the previous year to the fourth quarter of the year indicated, with values plotted at the end of each year. Unemployment Rate—the average c
forexsq.com - Europe may add an annex to its budget treaty spelling out how countries can boost growth as the bloc shifts its emphasis on tackling the debt crisis, a German government official said.
Steps to raise competitiveness along with structural reforms are likely to feature in the prescriptions for growth, with a target date for completion by the June 18-19 Group of 20 leaders’ summit i
forexsq.com - The dollar declined in Asian trading hours on Thursday, extending losses from the previous session when the Federal Reserve indicated it’s willing to buy more bonds to support the U.S. economy, if needed.
The ICE dollar index DXY -0.12% , which measures the greenback against a basket of six currencies, reached 78.993 in Asian trading hours, down from 79.072 in late North American
forexsq.com - Many Asia markets gave up early gains to trade lower Thursday, as investors digested a mixed bag of earnings reports, though Sydney and Hong Kong bourses held on to their advance.
forexsq.com - Orders for long-lasting U.S. goods sank 4.2% in March, largely because of fewer booking for commercial aircraft, the Commerce Department reported Wednesday. Economists surveyed by MarketWatch had expected orders to fall by 2.9% on a seasonally adjusted basis. Orders for transportation equipment slumped 12.5% -- the biggest drop since November 2010 -- as bookings plunged 47.6% for co
forexsq.com - Lots of little things seem to be contributing to the strength of the market, but there does also seem to be a belief that Germany finally “gets it.”
Germany is finally going to relent on their demands for austerity.
The first question is: What is defined as austerity? Programs that are providing money today that is quickly re-circulated into the economy because it is paying for
forexsq.com - Coming off a clean sweep of all five primaries up for grabs Tuesday, including Pennsylvania and New York, Mitt Romney kicked off his general election pitch, insisting the upcoming campaign will be about the "very different visions" he and President Obama have for the country.
Speaking to a crowd in Manchester, N.H., Romney said the country is suffering from the "failed leadership
forexsq.com - Apple Inc. (AAPL) profit almost doubled last quarter, reflecting robust demand for the iPhone in China and purchases of a new version of the iPad, allaying the growth concerns that sliced shares 12 percent in two weeks.
Net income in the fiscal second quarter climbed 94 percent to $11.6 billion, or $12.30 a share, as sales rose 59 percent to $39.2 billion, Cupertino, California-b
forexsq.com - The yen remained lower after falling yesterday amid speculation the Bank of Japan (8301) will add to stimulus measures at a policy meeting this week.
Demand for the yen was limited as Asian shares extended gains in global stocks, reducing the appeal of haven assets. The greenback failed to rally versus the 17-nation euro before the Federal Reserve concludes a two-day gathering to
forexsq.com - Early signs of basing continue to develop around the important 1.3000 psychological level. However, the multi-month reversal pattern and recent DeMark™ exhaustion signal still weigh. • A decisive close below 1.3000 is required to unlock the important multimonth reversal pattern into 1.2625 (16 Jan swing low). • Meanwhile, only a sustained daily close back above 1.3228 (20 th April h
Facebook Inc. (FB), the social network planning an initial public offering, said first-quarter profit fell 12 percent as sales growth slowed and marketing costs more than doubled.
Net income dropped to $205 million in the three months through March, Menlo Park, California-based Facebook said yesterday in a regulatory filing. Sales climbed 45 percent to $1.06 billion, a slowdown from 55 percent
forexsq.com - We have yet to see any real justification for the latest Euro rally, but at the same time, would not recommend any selling of the single currency against the buck. While technically, there might be some sense to selling rallies above 1.3200, retail traders are weighted on the short side, and this makes the prospects for a bearish Euro reversal less likely. While our in-house sentime
forexsq.com - Bank of England policy maker David Miles said his vote for more stimulus this month still looks vindicated as the economy is weak and data tomorrow might even show it contracted in the first quarter.
“The weakness of demand, given the amount of spare capacity in the economy, still made a strategy of having monetary policy even more expansionary the right one,” Miles said in an in
forexsq.com - Stocks in mainland China moved off their lows but led most Asian markets lower Tuesday, while a strong yen pressured Japanese exporters and a tame inflation reading helped steer Australian shares higher.
The Shanghai Composite Index CN:000001 +0.01% lost 0.9%, while Japan’s Nikkei Stock Average JP:100000018 -0.78% dropped 0.8% and South Korea’s Kospi KR:SEU -0.47% fell 0.5%.
