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CURRENCIES
Tuesday brought a bout of fresh American dollar weakness. While the dollar index - measuring its value against a basket of currencies of its major trading partners - failed to touch a new low, it did look decidedly weak against the Australia...
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FROM THE FED'S LAST GOVERNOR
"This is an extraordinary period and temporary actions must be taken, especially to assuage the angst of a very substantial part of our population. So I don't actually consider those types of actions stimulus programs....
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LESSONS FROM THE PAST
Little did we know the importance of our question ahead of yesterday's market activity in which we quizzed, "What fate awaits the final trading day of the third quarter wonder?" But we did strike a chord in our daily mus...
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FAREWELL SEPTEMBER!
What fate awaits the final trading day of the third quarter wonder? Heading into Wednesday's session the S&P 500 index has a monthly gain of 3.9% after a relatively minor pullback marked the anniversary of a 700-plus point decli...
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LOOK ME IN THE EYE!
As American investors got to work on Monday, it was already set to be a quiet trading day on account of the Yom Kippur Day of Atonement, and early indications showed the markets would drop. However, despite weakness in market action...
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THIS WEEK'S DATA
It was a surprise decline in orders for U.S. durable goods, those that are defined as having an expected lifespan of greater than two years that knocked investor confidence last week. The report is typically volatile between any two mo...
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COUNTDOWN
Are we on some kind of a wicked countdown by any chance? The S&P 500 index lost 1% Thursday leaving it up 16% for the year. That came as shares in builder DR Horton slumped 4.2% and housing sensitive issues such as Alcoa and General Elect...
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MARKETS AGAIN
The bragging rights we hoped to claim for calling right the outcome of the FOMC meeting Wednesday lasted no more than 20 minutes at best. The dollar spat out arguments of further weakness and Treasury note sellers were dissuaded from seek...
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MARKETS
It appears that we were not alone in our enthusiasm for the theory at least in selling into the dollar rally on Monday. Commodity prices were lifted on Tuesday with spirits raised by a significant increase in Asian growth forecasts. All Asian c...
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AHEAD OF THE FOMC
Commodity prices were called lower on the Monday opening as bear sentiment was fed by a stronger dollar. The other low yielding currencies of Switzerland and Japan were especially weak against the dollar as investors toyed with the no...
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BONDS, DOLLARS and POUNDS
Bonds - We've been pretty bearish here on interest rates. It seems so long that we've had that view that we wonder whether the original reason for doing so is now lost on us. Last week, bond traders sold U.S. debt after streng...
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JOBS
We all need 'em, that's for sure!
Thursday saw the usual release of weekly jobless claims and for eco-stat lovers like us, we can't help but put this data under the microscope. The 12,000 job decline was a bullish sign for the overall economy, ...
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COOL BEANS
Two of our trading members went corn-yomping recently. That means they went to inspect the progress of the corn and soybean crops across key states including Ohio, Illinois, Wisconsin and Minnesota. Not being keen believers in everything the...
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EQUITIES
It took some doing but stocks pulled through on Tuesday to reach new highs for 2009 after retail sales data proved the cash-for-clunkers program a success, but also vindicated more bullish predications for a return of consumerism.
A 2.1% mo...
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ALL CHANGE
Trading on Monday followed an unusual pattern. Stock index futures sagged over prospects for a trade war between the United States and China. If the two nations escalate tariffs on imports from each other, conceivably global trade would slow...
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COMMODITY BOOM
Despite the slight pullback for stock prices to round Friday, key indices were a good 2% to the better for the week as a whole. The price of gold closed above $1,000 per ounce and that was the first time in seven months that the precious...
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SWEET SPOT
Investors seem to have found themselves at something of a sweet spot. Wall Street's big investment banks think the dollar is going down. They see metals' prices recovering on account of dwindling spare capacity and they see a broader r...
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METALS
It didn't take much to woo the price of precious old gold above the $1,000 an ounce marker after all. In fact on Tuesday morning when Americans returned to their desks after an extended holiday weekend, several factors were already making ...
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RALLY
A 65-point rally in the Dow Jones industrial average ended what so far this week has been a 200-point decline. The rally was accompanied by evidence of firmer activity at retail stores, while the basic material sector was supported by a jum...
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Risk
Equity prices fell but failed to show the kind of Tudor-style follow-through that we wrote about Wednesday. Meanwhile bond prices continued to rise as yields soften - despite the comfortable tone from the FOMC's latest minutes. Gold prices were th...
Daily Jurojin Archive 